The trading price of PepsiCo Inc (NASDAQ:PEP) closed lower on Monday, October 28, and closing at $169.84, -1.14% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $169.735 and $172.98. The company’s P/E ratio in the trailing 12-month period was 25.03, while its 5Y monthly beta was 0.539. In examining the 52-week price action we see that the stock hit a 52-week high of $183.41 and a 52-week low of $158.03. Over the past month, the stock has lost -0.09% in value.
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PepsiCo Inc, whose market valuation is $233.02 billion at the time of this writing, is expected to release its quarterly earnings report in November. The dividend yield on the company stock is 3.09%, while its Forward Dividend ratio is 5.24. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 1.95 per share this quarter, however they have predicted annual earnings per share of 8.15 for current year and 8.63 for next year.
Analysts have forecast the company to bring in revenue of 27.97B for the current quarter, with the likely lows of 27.82B and highs of 28.22B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 92.23B.
On the technical side, indicators suggest PEP has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned PEP a recommendation rating is 17. Out of them, 5 rate it a Hold, while 11 recommend Buy, whereas 1 assign an Overweight rating. 0 analyst(s) have tagged PepsiCo Inc (PEP) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 4.26, which symbolizes a positive outlook. A quick review shows that PEP’s price is currently -1.48% off the SMA20 and -2.28% off the SMA50. The RSI metric on the 14-day chart is currently showing 38.56, and weekly volatility stands at 1.20%. When measured over the past 30 days, the indicator reaches 1.37%. PepsiCo Inc (NASDAQ:PEP)’s beta value is currently sitting at 0.54, while the Average True Range indicator is currently displaying 2.46. With analysts defining $160-$212 as the low and high price targets, we arrive at a consensus price target of $185 for the trailing 12-month period. The current price is about 5.79% off the estimated low and -24.82% off the forecast high, based on this estimate. Investors will be thrilled if PEP’s share price rises to $185, which is the median consensus price. At that level, PEP’s share price would be -8.93% below current price.
To see how PepsiCo Inc stock has been performing in comparison to its peers in the industry, here are the numbers: PEP stock’s performance was -1.14% in the latest trading, and 5.22% in the past year. PepsiCo Inc has a P/E ratio of 25.03.
An evaluation of the daily trading volume of PepsiCo Inc (NASDAQ:PEP) indicates that the 3-month average is 5.34 million. However, this figure has increased over the past 10 days to an average of 4.73.
Currently, records show that 1.37 billion of the company’s shares remain outstanding. The insiders hold 0.34% of outstanding shares, whereas institutions hold 75.25%. The stats also highlight that short interest as of 2024-10-15, stood at 17.4 million shares, resulting in a short ratio of 2.86 at that time. From this, we can conclude that short interest is 127.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 18.0 million.
