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PepsiCo Inc (NASDAQ:PEP) At $168.12: What To Do?

In recent trading session, PepsiCo Inc (NASDAQ:PEP) saw 3.87 million shares changing hands at last check today with its beta currently measuring 0.55. Company’s recent per share price level of $168.12 trading at -$5.73 or -3.30% at last check today assigns it a market valuation of $231.14B. That most recent trading price of PEP’s stock is at a discount of -17.11% from its 52-week high price of $196.88 and is indicating a premium of 7.31% from its 52-week low price of $155.83. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.67 million shares which gives us an average trading volume of 5.26 million if we extend that period to 3-months.

PepsiCo Inc (NASDAQ:PEP) trade information

Upright in the red during last session for losing -3.30%, in the last five days PEP remained trading in the red while hitting it’s week-highest on Thursday, 02/08/24 when the stock touched $168.12 price level, adding 3.43% to its value on the day. PepsiCo Inc’s shares saw a change of -1.01% in year-to-date performance and have moved -1.67% in past 5-day. PepsiCo Inc (NASDAQ:PEP) showed a performance of 0.72% in past 30-days. Number of shares sold short was 15.59 million shares which calculate 2.9 days to cover the short interests.

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PepsiCo Inc (PEP) estimates and forecasts

Statistics highlight that PepsiCo Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -8.51% of value to its shares in past 6 months, showing an annual growth rate of 11.19% while that of industry is 31.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 3.00% in the current quarter and calculating 8.70% increase in the next quarter. This year revenue growth is estimated to rise 6.60% from the last financial year’s standing.

13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $28.4 billion for the same. And 11 analysts are in estimates of company making revenue of $18.56 billion in the next quarter that will end on Mar 2024. Company posted $28 billion and $15.74 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 1.40% while estimating it to be 17.90% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 13.70% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 6.85% while estimates for its earnings growth in next 5 years are of 8.60%.

PEP Dividends

PepsiCo Inc is more likely to be releasing its next quarterly report on February 09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

PepsiCo Inc (NASDAQ:PEP)’s Major holders

Insiders are in possession of 0.15% of company’s total shares while institution are holding 77.06 percent of that, with stock having share float percentage of 77.18%. Investors also watch the number of corporate investors in a company very closely, which is 77.06% institutions for PepsiCo Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at PEP for having 131.35 million shares of worth $24.33 billion. And as of Jun 29, 2023, it was holding 9.35% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 110.58 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 7.87% of outstanding shares, having a total worth of $20.48 billion.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 42.95 million shares of worth $7.96 billion or 3.06% of the total outstanding shares. The later fund manager was in possession of 32.8 million shares on Jun 29, 2023, making its stake of worth around $6.08 billion in the company or a holder of 2.34% of company’s stock.

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