PepsiCo Inc’s recently made public 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 $6.09 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 $10.0 million.
TD Cowen downgraded its PepsiCo Inc [PEP] rating to a Hold from a a Buy in a research note published on October 10, 2024; the price target was decreased to $183 from $190. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid September from “an Overweight” to “an Equal-weight”. DZ Bank also remained covering PEP and has decreased its forecast on July 19, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Cowen maintained its rating on July 03, 2024. It rated PEP as “a Buy”.
Price Performance Review of PEP
On Tuesday, PepsiCo Inc [NASDAQ:PEP] saw its stock jump 0.91% to $167.85. Over the last five days, the stock has gained 0.21%. PepsiCo Inc shares have fallen nearly -1.17% since the year began. Nevertheless, the stocks have risen 0.64% over the past one year. While a 52-week high of $183.41 was reached on 05/16/24, a 52-week low of $158.03 was recorded on 07/11/24. SMA at 50 days reached $172.74, while 200 days put it at $171.16.
Levels Of Support And Resistance For PEP Stock
The 24-hour chart illustrates a support level at 166.36, which if violated will result in even more drops to 164.87. On the upside, there is a resistance level at 168.65. A further resistance level may holdings at 169.45. The Relative Strength Index (RSI) on the 14-day chart is 39.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.36%. Stochastics %K at 11.37% 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 2024-10-15, dropping by -0.6 million shares to a total of 17.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 18.0 million shares. There was a decline of -3.48%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 24, 2024 when Exane BNP Paribas began covering the stock and recommended ‘”a Neutral”‘ rating along with a $174 price target.
