In yesterday’s Wall Street session, PepsiCo Inc (NASDAQ:PEP) shares traded at $162.72, up 0.35% from the previous session.
PEP stock price is now -3.25% away from the 50-day moving average and -4.60% away from the 200-day moving average. The market capitalization of the company currently stands at $224.02B.
With the price target reduced from $190 to $183, TD Cowen Downgraded its rating from Buy to Hold for PepsiCo Inc (NASDAQ: PEP). On September 20, 2024, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock keeping its target price maintained at $185, while ‘DZ Bank’ rates the stock as ‘Hold’
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 $5.9 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 $8.78 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 $155.85 and a high of $183.41. As of last week, the company has a debt-to-equity ratio of 2.31, a current ratio of 0.89, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $260365058048, which is based on a 23.98 price-to-earnings ratio, a 4.08 price-to-earnings-growth ratio, and a beta of 0.53. The fifty day moving average price for PEP is $168.4358 and a two-hundred day moving average price translates $170.6053 for the stock.
The latest earnings results from PepsiCo Inc (NASDAQ: PEP) was released for 2024-09-07. The net profit margin was 10.18% and return on equity was 48.91% for PEP. The company reported revenue of $23.32 billion for the quarter, compared to $23.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.57 percent.
