PepsiCo Inc’s recent filing unveils that its EVP, Gen Counsel & Corp Sec Flavell David unloaded Company’s shares for reported $1.19 million on May 10 ’24. In the deal valued at $179.86 per share,6,628 shares were sold. As a result of this transaction, Flavell David now holds 36,264 shares worth roughly $5.93 million.
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Then, Krishnan Ramkumar sold 5,620 shares, generating $1,000,360 in total proceeds. Upon selling the shares at $178.00, the CEO, PBNA now owns 53,953 shares.
Before that, Krishnan Ramkumar sold 4,563 shares. PepsiCo Inc shares valued at $750,340 were divested by the CEO, PBNA at a price of $164.44 per share. As a result of the transaction, Krishnan Ramkumar now holds 59,573 shares, worth roughly $9.74 million.
Exane BNP Paribas initiated its PepsiCo Inc [PEP] rating to a Neutral in a research note published on June 24, 2024; the price target was $174. A number of analysts have revised their coverage, including Jefferies’s analysts, who remained covering the stock and in early April has reiterated a ‘”a Buy”‘ rating for it. Argus also remained covering PEP and has decreased its forecast on April 03, 2024 with a “Hold” recommendation from previously “Buy” rating. Morgan Stanley revised its rating on March 18, 2024. It rated PEP as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of PEP
On Tuesday, PepsiCo Inc [NASDAQ:PEP] saw its stock jump 0.42% to $163.58. Over the last five days, the stock has lost -2.25%. PepsiCo Inc shares have fallen nearly -3.69% since the year began. Nevertheless, the stocks have fallen -11.68% over the past one year. While a 52-week high of $192.38 was reached on 05/16/24, a 52-week low of $155.83 was recorded on 06/13/24. SMA at 50 days reached $173.01, while 200 days put it at $169.20. A total of 4.25 million shares were traded, compared to the trading of 4.51 million shares in the previous session.
Levels Of Support And Resistance For PEP Stock
The 24-hour chart illustrates a support level at 162.44, which if violated will result in even more drops to 161.31. On the upside, there is a resistance level at 164.59. A further resistance level may holdings at 165.61. The Relative Strength Index (RSI) on the 14-day chart is 34.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.72%. Stochastics%K at 26.80% indicates the stock is a holding.
