PepsiCo Inc (NASDAQ: PEP) Loses -3.20% From High. Why That Could Change?

Currently, there are 1.37B common shares owned by the public and among those 1.37B shares have been available to trade.

The company’s stock has a 5-day price change of 0.89% and 3.69% over the past three months. PEP shares are trading 4.53% year to date (YTD), with the 12-month market performance down to -0.21% lower. It has a 12-month low price of $155.83 and touched a high of $183.41 over the same period. PEP has an average intraday trading volume of 5.45 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.26%, 4.43%, and 4.37% respectively.

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Institutional ownership of PepsiCo Inc (NASDAQ: PEP) shares accounts for 75.20% of the company’s 1.37B shares outstanding.

It has a market capitalization of $243.86B and a beta (3y monthly) value of 0.54. The stock’s trailing 12-month PE ratio is 25.75, while the earnings-per-share (ttm) stands at $6.89. The company has a PEG of 3.66 and a Quick Ratio of 0.64 with the debt-to-equity ratio at 2.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.75% over the week and 1.63% over the month.

Earnings per share for the fiscal year are expected to increase by 7.04%, and 7.42% over the next financial year. EPS should grow at an annualized rate of 7.04% over the next five years, compared to -5.66% over the past 5-year period.

Looking at the support for the PEP, a number of firms have released research notes about the stock. DZ Bank stated their Hold rating for the stock in a research note on July 19, 2024, with the firm’s price target at $183. TD Cowen coverage for the PepsiCo Inc (PEP) stock in a research note released on July 03, 2024 offered a Buy rating with a price target of $190. Exane BNP Paribas was of a view on June 24, 2024 that the stock is Neutral, while Jefferies gave the stock Buy rating on April 05, 2024, issuing a price target of $199- $209. Argus on their part issued Hold rating on April 03, 2024.

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