PepsiCo Inc. (NASDAQ:PEP) finished Thursday with a subtraction of -$0.94 to close at $177.18, a downside of -0.53 percent. An average of 4,709,780 shares of common stock have been traded in the last five days. There was a fall of -$1.27 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 4,134,925 shares traded, while the 50-day average volume stands at 4,908,754.
PEP stock has decreased by -7.53% in the last month. The company shares reached their 1-month lowest point of $175.31 on 08/22/23. With the stock rallying to its 52-week high on 05/15/23, shares of the company touched a low of $160.98 and a high of $196.88 in 52 weeks. It has reached a new high 21 times so far this year and lost -1.93% or -$3.48 in price. In spite of this, the price is down -10.01% from the 52-week high.
Insider Transactions
PEP stock investors should be aware that PepsiCo Inc. (PEP) stock had its last reported insider trading activity 169 days ago on Mar 09. In this transaction, the insider spent $12,935,148. CEO Intl Beverages & CCO, Krishnan Ramkumar, disposed of 16,827 shares at a price of $172.70 on Mar 07. The insider now owns more than $2,905,962 worth of shares. Prior to that, SVP and Controller Gallagher Marie T. went on to Sale 5,558 shares at $180.01 each on Oct 26. An amount of $1,000,486 was transacted.
Valuation Metrics
PepsiCo Inc. (PEP) has a trailing price-to-earnings (P/E) ratio of 30.72. The stock’s beta is 0.55. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.71, the price-to-book (PB) ratio at 13.81, and the price-to-cash flow ratio at 42.65.
Financial Health
The quick ratio of PepsiCo Inc. for the three months ended June 29 was 0.60, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.04 and a total debt to equity ratio of 2.47 for the quarter ending June 29. PepsiCo Inc.’s EBITDA margin for the year ending June 29 is 16.93%, while its operating margin for the same period stands at 11.40%. Its gross profit as reported stood at $45.82 billion compared to revenue of $86.39 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, PepsiCo Inc.’s return on assets was 8.40%.
Earnings Surprise
For the three-month period that ended June 29, PepsiCo Inc. had $36.01 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.75 billion in the quarter, while revenues of $1.93 billion were grew 48.0%. The analyst consensus anticipated PepsiCo Inc.’s latest quarter earnings to come in at $1.96 per share, but it turned out to be $2.09, a 6.60% surprise. For the quarter, EBITDA amounted to $4.47 billion. Shareholders own equity worth $1.38 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at PepsiCo Inc. (PEP) price momentum. RSI 9-day as of the close on 24 August was 31.72%, suggesting the stock is Neutral, with historical volatility in this time frame at 11.95%.
As of today, PEP’s price is $177.25 -0.71% or -$1.27 from its 5-day moving average. PEP is currently trading -6.02% lower than its 20-day SMA and -2.81% lower than its 100-day SMA. However, the stock’s current price level is -2.40% below the SMA50 and -0.89% below the SMA200.
The stochastic %K and %D were 13.43% and 9.68%, respectively, and the average true range (ATR) was 2.46. With the 14-day stochastic at 15.37% and the average true range at 2.48, the RSI (14) stands at 34.64%. The stock has reached -1.98 on the 9-day MACD Oscillator while the 14-day reading was at -4.00.
Analyst Ratings
Morgan Stanley downgraded PepsiCo Inc. (NASDAQ: PEP) to a an Equal-weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for PepsiCo Inc. (PEP) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell PEP, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 others rate it as a “buy”.
What is PEP’s price target for the next 12 months?
Analysts predict a range of price targets between $156.00 and $235.81, with a median target of $201.50. Taking a look at these predictions, the average price target given by analysts for PepsiCo Inc. (PEP) stock is $201.66.
