PepsiCo Inc’s filing revealed 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 $5.86 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 $9.63 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 fall -0.83% to $161.70. Over the last five days, the stock has lost -0.83%. PepsiCo Inc shares have fallen nearly -4.79% since the year began. Nevertheless, the stocks have fallen -4.14% over the past one year. While a 52-week high of $183.41 was reached on 05/16/24, a 52-week low of $155.85 was recorded on 11/19/24. SMA at 50 days reached $167.59, while 200 days put it at $170.51.
Levels Of Support And Resistance For PEP Stock
The 24-hour chart illustrates a support level at 161.06, which if violated will result in even more drops to 160.43. On the upside, there is a resistance level at 162.69. A further resistance level may holdings at 163.69. The Relative Strength Index (RSI) on the 14-day chart is 42.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.25, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 46.99%. Stochastics %K at 62.38% 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 2024-11-15, growing by 0.27 million shares to a total of 17.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 17.4 million shares. There was a rise of 1.53%, which implies that there is a positive 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.
