Stocks of PepsiCo Inc (NASDAQ:PEP) traded higher last session on Wall Street, up 0.49% to $173.57.
PEP stock price is now 3.34% away from the 50-day moving average and 0.39% away from the 200-day moving average. The market capitalization of the company currently stands at $238.56B.
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 $10.34 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 $2.9 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 $273.26B, which is based on a 26.46 price-to-earnings ratio, a 3.77 price-to-earnings-growth ratio, and a beta of 0.53. The fifty day moving average price for PEP is $168.10 and a two-hundred day moving average price translates $172.86 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.
