PepsiCo Inc. (NASDAQ:PEP) traded at $148.11 at last check on Wednesday, June 16, made a downward move of -0.32% on its previous day’s price.
Looking at the stock we see that its previous close was $148.58 with the day’s price range being $148.075 – $149.17. The company has a trailing 12-month PE ratio of 27.56. In terms of its 52-week price range, PEP has a high of $149.17 and a low of $128.05. The company’s stock has gained about 1.36% over that past 30 days.
PepsiCo Inc. has a market cap of $205.16 billion. With its Forward Dividend at 4.09 and a yield of 2.75%, the company’s investors could be anxious for the PEP stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.52, with the EPS growth for the year raised at $6.08 for 2021 and $6.58 for next year. These figures represent 10.10% and 8.20% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $17.94 billion, with a low of $17.55 billion and a high of $18.32 billion. The median projection represents growth squeezing down to 16.70% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $75.38 billion, or 7.10% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the PEP stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 23 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 10 have rated the PepsiCo Inc. (PEP) stock as a Hold, while 11 rate it as a Buy. 1 analyst(s) rate it as overweight while 1 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the PEP stock currently stands at 3.00, and the most recent price level today is 0.48% off its SMA20 and 1.71% from its 50-day simple moving average. The RSI (14) is pointing at 56.77 while the volatility over the past week is 1.05% and jumps to 1.09% over the past one month. The beta value is 0.62, while the average true range (ATR) is currently pointing at 1.73. The average price target for the stock over the next 12 months is $154.55, with the estimates having a low of $135.00 and a high of $165.00. These price ends are 8.85% and -11.4% off the today’s price level respectively, although investors could be excited at the prospect of a -4.65% if the PEP share price touches on the median price of $155.00.
Let’s briefly compare PepsiCo Inc. (PEP) stock to its peers. We find that today’s price change of -0.32% and 13.87% over the past 12 months for PEP competes that of Mondelez International Inc. (MDLZ), which has seen its stock price fall -0.41% in the latest trading session and is 24.29% over the last one year. Another of its peers The Kraft Heinz Company (KHC) has dropped -0.87% today, and was 33.13% up over the past year, while Unilever PLC (UL) is also up 0.71% yet, while its price remains in the green at 10.58% over the same period. PepsiCo Inc. has a P/E ratio of 27.56 compared to Mondelez International Inc.’s 24.17 and The Kraft Heinz Company’s 120.11. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.00% and -0.04%, respectively, in early deals.
Coming back to PepsiCo Inc. (NASDAQ:PEP), we note that the average 3-month trading volume was 5.40 million, while that of the preceding 10-day period stands at 4.76 million. Current shares outstanding are 1.38 billion.
The insiders hold 0.10% of the company’s shares while institutions hold 73.10%. The data shows that short shares as of Apr 14, 2021, stood at 10.02 million at a short ratio of 1.64. This represents a 0.72% short interest in shares outstanding on Apr 14, 2021. Shares short fall in April from the previous month at 11.52 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 0.19% up in year-to-date price movement.