PepsiCo Inc’s recently made public that its CEO, PBNA Krishnan Ramkumar unloaded Company’s shares for reported $0.75 million on Mar 11 ’24. In the deal valued at $164.44 per share,4,563 shares were sold. As a result of this transaction, Krishnan Ramkumar now holds 59,573 shares worth roughly $10.1 million.
Then, Willemsen Eugene sold 7,700 shares, generating $1,306,999 in total proceeds. Upon selling the shares at $169.74, the CEO, AMESA & Intl Beverages now owns 16,715 shares.
Before that, Johnston Hugh F sold 48,388 shares. PepsiCo Inc shares valued at $8,064,067 were divested by the Vice Chairman, EVP & CFO at a price of $166.65 per share. As a result of the transaction, Johnston Hugh F now holds 96,627 shares, worth roughly $16.39 million.
Jefferies reiterated its PepsiCo Inc [PEP] rating to a Buy in a research note published on April 05, 2024; the price target was $209. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Hold”. Morgan Stanley also remained covering PEP and has increased its forecast on March 18, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Citigroup revised its rating on February 12, 2024. It rated PEP as “a Buy” which previously was an “a Neutral”.
Price Performance Review of PEP
On Monday, PepsiCo Inc [NASDAQ:PEP] saw its stock jump 0.26% to $169.58. Over the last five days, the stock has lost -1.97%. PepsiCo Inc shares have fallen nearly -0.15% since the year began. Nevertheless, the stocks have fallen -7.66% over the past one year. While a 52-week high of $196.88 was reached on 04/01/24, a 52-week low of $155.83 was recorded on 03/05/24. SMA at 50 days reached $168.77, while 200 days put it at $172.40. A total of 3.76 million shares were traded, compared to the trading of 1.03 million shares in the previous session.
Levels Of Support And Resistance For PEP Stock
The 24-hour chart illustrates a support level at 168.86, which if violated will result in even more drops to 168.15. On the upside, there is a resistance level at 170.17. A further resistance level may holdings at 170.77. The Relative Strength Index (RSI) on the 14-day chart is 49.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.45%. Stochastics %K at 29.96% 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 Mar 15, 2024, growing by 2.9 million shares to a total of 17.27 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 14.37 million shares. There was a rise of 16.79%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.26% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.74.
