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Why PepsiCo Inc. (PEP) Stock Could See Much Higher Prices Ahead

PepsiCo Inc. (NASDAQ: PEP) is -5.97% lower on its value in year-to-date trading and has touched a low of $153.37 and a high of $186.84 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PEP stock was last observed hovering at around $169.63 in the last trading session, with the day’s gains setting it 0.25% off its average median price target of $190.00 for the next 12 months. It is also 20.47% off the consensus price target high of $213.60 offered by 23 analysts, but current levels are 0.07% higher than the price target low of $170.00 for the same period.

Currently trading at $169.88, the stock is -4.95% and -6.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.74 million and changing 0.15% at the moment leaves the stock -1.96% off its SMA200. PEP registered -3.04% loss for a year compared to 6-month gain of 0.81%.

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The stock witnessed a -6.32% loss in the last 1 month and extending the period to 3 months gives it a -2.01%, and is -3.36% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.54% over the week and 1.50% over the month.

PepsiCo Inc. (PEP) has around 309000 employees, a market worth around $233.70B and $83.64B in sales. Current P/E ratio is 24.09 and Fwd P/E is 23.31. Profit margin for the company is 11.60%. Distance from 52-week low is 10.76% and -9.08% from its 52-week high. The company has generated returns on investments over the last 12 months (16.30%).

PepsiCo Inc. (PEP) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for PepsiCo Inc. (PEP) is a “Overweight”. 23 analysts offering their recommendations for the stock have an average rating of 2.50, where 9 rate it as a Hold and 3 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

PepsiCo Inc. is expected to release its quarterly report on 04/26/2023.The EPS is expected to grow by 9.90% this year.

PepsiCo Inc. (PEP) Top Institutional Holders

The shares outstanding are 1.38B, and float is at 1.38B with Short Float at 0.71%.

PepsiCo Inc. (PEP) Insider Activity

A total of 28 insider transactions have happened at PepsiCo Inc. (PEP) in the last six months, with sales accounting for 8 and purchases happening 20 times. The most recent transaction is an insider sale by Santilli Paula,the company’sCEO, Latin America. SEC filings show that Santilli Paula sold 2,787 shares of the company’s common stock on Oct 26 at a price of $179.63 per share for a total of $0.5 million. Following the sale, the insider now owns 59997.0 shares.

PepsiCo Inc. disclosed in a document filed with the SEC on Oct 26 that Gallagher Marie T. (SVP and Controller) sold a total of 5,558 shares of the company’s common stock. The trade occurred on Oct 26 and was made at $180.01 per share for $1.0 million. Following the transaction, the insider now directly holds 41195.0 shares of the PEP stock.

Still, SEC filings show that on Oct 24, Johnston Hugh F (Vice Chairman, EVP & CFO) disposed off 23,394 shares at an average price of $175.74 for $4.11 million. The insider now directly holds 128,332 shares of PepsiCo Inc. (PEP).

PepsiCo Inc. (PEP): Who are the competitors?

The company’s main competitors (and peers) include The Coca-Cola Company (KO) that is trading -1.51% down over the past 12 months and Starbucks Corporation (SBUX) that is 8.43% higher over the same period. Mondelez International Inc. (MDLZ) is -5.27% down on the 1-year trading charts.

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