The stock of PepsiCo Inc (NASDAQ:PEP) last traded at $162.52, down -0.65% from the previous session.
PEP stock price is now -6.06% away from the 50-day moving average and -3.95% away from the 200-day moving average. The market capitalization of the company currently stands at $223.43B.
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With the price target reduced from $200 to $190, TD Cowen maintained Buy rating for PepsiCo Inc (NASDAQ: PEP). On June 24, 2024, Exane BNP Paribas recently initiated its ‘Neutral’ rating on the stock quoting a target price of $174, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Flavell David, EVP, Gen Counsel & Corp Sec sold 6,628 shares of the company’s stock on May 10 ’24. The stock was sold for $1,192,131 at an average price of $179.86. Upon completion of the transaction, the EVP, Gen Counsel & Corp Sec now directly owns 36,264 shares in the company, valued at $5.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’24, CEO, PBNA Krishnan Ramkumar sold 5,620 shares of the business’s stock. A total of $1,000,360 was realized by selling the stock at an average price of $178.00. This leaves the insider owning 53,953 shares of the company worth $8.77 million. A total of 0.34% of the company’s stock is owned by insiders.
During the past 12 months, PepsiCo Inc has had a low of $155.83 and a high of $192.38. As of last week, the company has a debt-to-equity ratio of 2.41, a current ratio of 0.86, and a quick ratio of 0.68. According to the stock market information, the enterprise value for the company is $261201199104, which is based on a 24.46 price-to-earnings ratio, a 3.46 price-to-earnings-growth ratio, and a beta of 0.53. The fifty day moving average price for PEP is $172.7354 and a two-hundred day moving average price translates $169.1097 for the stock.
The latest earnings results from PepsiCo Inc (NASDAQ: PEP) was released for 2024-03-23. The net profit margin was 10.00% and return on equity was 50.90% for PEP. The company reported revenue of $18.25 billion for the quarter, compared to $17.85 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.26 percent.
