Stocks of PepsiCo Inc (NASDAQ:PEP) traded higher last session on Wall Street, up 1.14% to $168.17.
PEP stock price is now -1.10% away from the 50-day moving average and -0.28% away from the 200-day moving average. The market capitalization of the company currently stands at $230.99B.
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With the price target maintained at $183, DZ Bank recently Downgraded its rating from Buy to Hold for PepsiCo Inc (NASDAQ: PEP). On July 03, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $200 to quote $190, while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’
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 $6.1 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 $9.07 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 2.31, a current ratio of 0.83, and a quick ratio of 0.64. According to the stock market information, the enterprise value for the company is $269386678272, which is based on a 24.39 price-to-earnings ratio, a 3.48 price-to-earnings-growth ratio, and a beta of 0.53. The fifty day moving average price for PEP is $169.8132 and a two-hundred day moving average price translates $168.68324 for the stock.
The latest earnings results from PepsiCo Inc (NASDAQ: PEP) was released for 2024-06-15. The net profit margin was 10.34% and return on equity was 51.27% for PEP. The company reported revenue of $22.5 billion for the quarter, compared to $22.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.8 percent.
