In yesterday’s Wall Street session, PepsiCo Inc (NASDAQ:PEP) shares traded at $171.26, up 4.01% from the previous session.
PEP stock price is now 2.30% away from the 50-day moving average and -1.15% away from the 200-day moving average. The market capitalization of the company currently stands at $235.38B.
With the price target maintained at $190, Morgan Stanley recently Upgraded its rating from Equal-Weight to Overweight for PepsiCo Inc (NASDAQ: PEP). On February 12, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $180 to quote $195, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Krishnan Ramkumar, CEO, PBNA sold 4,563 shares of the company’s stock on Mar 11 ’24. The stock was sold for $750,340 at an average price of $164.44. Upon completion of the transaction, the CEO, PBNA now directly owns 59,573 shares in the company, valued at $10.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 23 ’24, CEO, AMESA & Intl Beverages Willemsen Eugene sold 7,700 shares of the business’s stock. A total of $1,306,999 was realized by selling the stock at an average price of $169.74. This leaves the insider owning 16,715 shares of the company worth $2.86 million. A total of 0.35% 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 $196.88. As of last week, the company has a debt-to-equity ratio of 2.54, a current ratio of 0.85, and a quick ratio of 0.68. According to the stock market information, the enterprise value for the company is $261.00B, which is based on a 26.11 price-to-earnings ratio, a 3.72 price-to-earnings-growth ratio, and a beta of 0.53. The fifty day moving average price for PEP is $167.40 and a two-hundred day moving average price translates $173.21 for the stock.
The latest earnings results from PepsiCo Inc (NASDAQ: PEP) was released for Dec, 2023. According to the Beverages – Non-Alcoholic Company, earnings per share came in at $1.78, beating analysts’ expectations of $1.72 by 0.06. This compares to $0.40 EPS in the same period last year. The net profit margin was 9.92% and return on equity was 50.90% for PEP. The company reported revenue of $27.85 billion for the quarter, compared to $28.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.52 percent. For the current quarter, analysts expect PEP to generate $18.12B in revenue.
PepsiCo Inc(PEP) Company Profile
PepsiCo, Inc. engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region. It provides dips, cheese-flavored snacks, and spreads, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oatmeal, rice cakes, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; dairy products; and sparkling water makers and related products, as well as distributes alcoholic beverages under Hard MTN Dew brand. The company offers its products primarily under the Lay’s, Doritos, Fritos, Tostitos, BaiCaoWei, Cheetos, Cap’n Crunch, Life, Pearl Milling Company, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, Rice-A-Roni, Aquafina, Bubly, Emperador, Diet Mountain Dew, Diet Pepsi, Gatorade Zero, Crush, Propel, Dr Pepper, Schweppes, Marias Gamesa, Ruffles, Sabritas, Saladitas, Tostitos, 7UP, Diet 7UP, H2oh!, Manzanita Sol, Mirinda, Pepsi Black, Pepsi Max, San Carlos, Toddy, Walkers, Chipsy, Kurkure, Sasko, Spekko, White Star, Smith’s, Sting, SodaStream, Lubimyj Sad, Agusha, Chudo, Domik v Derevne, Lipton, and other brands. It serves wholesale and other distributors, foodservice customers, grocery stores, drug stores, convenience stores, discount/dollar stores, mass merchandisers, membership stores, hard discounters, e-commerce retailers and authorized independent bottlers, and others through a network of direct-store-delivery, customer warehouse, and distributor networks, as well as directly to consumers through e-commerce platforms and retailers. The company was founded in 1898 and is based in Purchase, New York.
