In a filing, PepsiCo Inc revealed 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 $5.27 million.
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 $8.66 million.
Piper Sandler initiated its PepsiCo Inc [PEP] rating to an Overweight in a research note published on January 07, 2025; the price target was $171. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in mid December from “a Hold” to “a Buy”. TD Cowen also remained covering PEP and has decreased its forecast on October 10, 2024 with a “Hold” recommendation from previously “Buy” rating. Morgan Stanley revised its rating on September 20, 2024. It rated PEP as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of PEP
On Tuesday, PepsiCo Inc [NASDAQ:PEP] saw its stock fall -0.59% to $145.40. Over the last five days, the stock has lost -4.17%. PepsiCo Inc shares have fallen nearly -4.38% since the year began. Nevertheless, the stocks have fallen -13.93% over the past one year. While a 52-week high of $183.41 was reached on 01/02/25, a 52-week low of $146.10 was recorded on 01/07/25. SMA at 50 days reached $159.43, while 200 days put it at $169.06.
Levels Of Support And Resistance For PEP Stock
The 24-hour chart illustrates a support level at 144.50, which if violated will result in even more drops to 143.61. On the upside, there is a resistance level at 147.13. A further resistance level may holdings at 148.87. The Relative Strength Index (RSI) on the 14-day chart is 24.14, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.54%. Stochastics %K at 0.90% 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 2024-12-13, growing by 3.25 million shares to a total of 20.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 17.67 million shares. There was a rise of 15.53%, which implies that there is a positive sentiment for the stock.
