Taking a Closer Look At PepsiCo Inc. (PEP) Following Its Recent Trade


PepsiCo Inc.’s recently made public that its Director POHLAD ROBERT C unloaded Company’s shares for reported $12.94 million on Mar 09. In the deal valued at $172.47 per share,75,000 shares were sold. As a result of this transaction, POHLAD ROBERT C now holds 183,929 shares worth roughly $ 32.03 million.

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Then, Krishnan Ramkumar sold 16,827 shares, generating $2,905,962 in total proceeds. Upon selling the shares at $172.70, the CEO Intl Beverages & CCO now owns 49,000 shares.

Before that, Gallagher Marie T. sold 5,558 shares. PepsiCo Inc. shares valued at $1,000,486 were divested by the SVP and Controller at a price of $180.01 per share. As a result of the transaction, Gallagher Marie T. now holds 41,195 shares, worth roughly $7.17 million.

Morgan Stanley downgraded its PepsiCo Inc. [PEP] rating to an Equal-weight from a an Overweight in a research note published on Tuesday. PT values the company’s stock at a premium of 17.07 to its Tuesday closing price.

Price Performance Review of PEP

On Tuesday, PepsiCo Inc. [NASDAQ:PEP] saw its stock fall -0.66% to $174.16. On the same session, the stock had its day’s lowest price of $173.645, but rose to a high of $175.88. Over the last five days, the stock has lost -3.38%. PepsiCo Inc. shares have fallen nearly -3.60% since the year began. Nevertheless, the stocks have risen 0.76% over the past one year. While a 52-week high of $196.88 was reached on 05/15/23, a 52-week low of $160.98 was recorded on 02/03/23. SMA at 50 days reached $183.98, while 200 days put it at $181.73. A total of 5.08 million shares were traded, compared to the trading of 4.8 million shares in the previous session.

Levels Of Support And Resistance For PEP Stock

The 24-hour chart illustrates a support level at 173.24, which if violated will result in even more drops to 172.33. On the upside, there is a resistance level at 175.48. A further resistance level may holdings at 176.80. The Relative Strength Index (RSI) on the 14-day chart is 32.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.47%. Stochastics %K at 7.01% indicates the stock is a buying.

How much short interest is there in PepsiCo Inc.?

A steep rise in short interest was recorded in PepsiCo Inc. stocks on Aug 14, 2023, growing by 0.11 million shares to a total of 10.8 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 10.69 million shares. There was a rise of 1.02%, which implies that there is a positive 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) rose to 2.3.

According to FactSet, PepsiCo Inc.’s share price will average $201.66 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.93 percent from its previous closing price of $175.32. Analysts expect PepsiCo Inc. stock to reach the higher price of $235.81, while the lowest price estimate is $156.00. However, 21 analysts have rated PEP stock as an Overweight in their predictions for 2023.


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