PepsiCo Inc. [PEP] stock was sold by Santilli Paula at the price of US$0.5 million

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PepsiCo Inc.’s recently made public that its CEO, Latin America Santilli Paula unloaded Company’s shares for reported $0.5 million on Oct 26. In the deal valued at $179.63 per share,2,787 shares were sold. As a result of this transaction, Santilli Paula now holds 59,997 shares worth roughly $ 10.81 million.


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Then, Gallagher Marie T. sold 5,558 shares, generating $1,000,486 in total proceeds. Upon selling the shares at $180.01, the SVP and Controller now owns 41,195 shares.

Before that, Johnston Hugh F sold 23,394 shares. PepsiCo Inc. shares valued at $4,111,295 were divested by the Vice Chairman, EVP & CFO at a price of $175.74 per share. As a result of the transaction, Johnston Hugh F now holds 128,332 shares, worth roughly $23.13 million.

Redburn initiated its PepsiCo Inc. [PEP] rating to a Sell in a research note published on Monday, November 04, 2022; the price target was $141. PT values the company’s stock at a premium of -27.81 to its Monday closing price. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in mid October with a ‘”an Outperform”‘ rating. Deutsche Bank also remained covering PEP and reiterated its “Hold” recommendation on September 27, 2022. DZ Bank revised its rating on February 15, 2022. It rated PEP as “a Hold” which previously was an “a Buy”.

Price Performance Review of PEP

On Monday, PepsiCo Inc. [NASDAQ:PEP] saw its stock jump 0.80% to $180.21. On the same session, the stock had its day’s lowest price of $178.83, but rose to a high of $180.62. Over the last five days, the stock has lost -0.75%. PepsiCo Inc. shares have risen nearly 3.74% since the year began. Nevertheless, the stocks have risen 8.56% over the past one year. While a 52-week high of $183.58 was reached on 11/02/22, a 52-week low of $153.37 was recorded on 03/10/22. SMA at 50 days reached $171.43, while 200 days put it at $169.70. A total of 3.24 million shares were traded, compared to the trading of 0.5 million shares in the previous session.

Levels Of Support And Resistance For PEP Stock

The 24-hour chart illustrates a support level at 179.15, which if violated will result in even more drops to 178.10. On the upside, there is a resistance level at 180.94. A further resistance level may holdings at 181.68. The Relative Strength Index (RSI) on the 14-day chart is 61.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.92%. Stochastics %K at 64.18% indicates the stock is a holding.

How much short interest is there in PepsiCo Inc.?

A steep rise in short interest was recorded in PepsiCo Inc. stocks on Jul 14, 2022, dropping by -1.1 million shares to a total of 10.84 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 11.94 million shares. There was a decline of -10.15%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.79% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.11.

PepsiCo Inc. [PEP] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 121,390,698 shares, or roughly 8.80% of the outstanding PEP shares. In other words, the investor’s shares have risen by 2,495,955 from its previous 13-F filing of 118894743.0. Additionally, BlackRock Fund Advisors increased 4.61% of its stake after which the total value it holdings stand at $11,381,308,789, while SSgA Funds Management, Inc. reduced -0.31% of its stake to hold $9.67 billion in the firm. Over the last quarter, Geode Capital Management LLC purchased 879,729 shares of PepsiCo Inc., while Northern Trust Investments, Inc. bought -170,975 shares. At present, Wellington Management Co. LLP is holding 16,039,854 shares valued at $2.62 billion. Charles Schwab Investment Managem owned 15,759,226 shares of the company at the time of its most recent 13F filing, worth $2.57 billion.

The most recent change occurred on January 04, 2022 when Argus resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $195.

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