PepsiCo Inc. [NASDAQ: PEP] gained 0.98% or 1.68 points to close at $173.71 with a heavy trading volume of 8264682 shares. The company report on March 13, 2023 that JUJU WATKINS NAMED 2022-23 GATORADE NATIONAL GIRLS BASKETBALL PLAYER OF THE YEAR.
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Two-Time WNBA Champion Candace Parker Surprised Watkins with Honor.
In its 38th year of honoring the nation’s most elite high school athletes, Gatorade today announced Juju Watkins of Sierra Canyon School in Chatsworth, Calif. is the 2022-23 Gatorade National Girls Basketball Player of the Year. Watkins won the prestigious award for her accomplishments on and off the court, joining an impressive group of former Gatorade National Girls Basketball Players of the Year who have combined for more than nine WNBA MVP awards, 53 All-Star appearances, 15 WNBA championships, 15 WNBA first round draft picks and two became Hall of Famers.
It opened the trading session at $172.76, the shares rose to $177.23 and dropped to $172.61, the range by which the price of stock traded the whole day. The daily chart for PEP points out that the company has recorded 0.28% gains over the past six months. However, it is still -13.18% lower than its most recent low trading price.
If we look at the average trading volume of 4.73M shares, PEP reached to a volume of 8264682 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about PepsiCo Inc. [PEP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PEP shares is $189.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PEP stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for PepsiCo Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 17, 2023. While these analysts kept the previous recommendation, Redburn raised their target price to Sell. The new note on the price target was released on November 04, 2022, representing the official price target for PepsiCo Inc. stock. Previously, the target price had yet another raise to $185, while Wedbush analysts kept a Outperform rating on PEP stock. On September 27, 2022, analysts increased their price target for PEP shares from 179 to 181.
The Average True Range (ATR) for PepsiCo Inc. is set at 2.79, with the Price to Sales ratio for PEP stock in the period of the last 12 months amounting to 2.77. The Price to Book ratio for the last quarter was 13.92, with the Price to Cash per share for the same quarter was set at 3.89.
Trading performance analysis for PEP stock
PepsiCo Inc. [PEP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.12. With this latest performance, PEP shares gained by 0.54% in over the last four-week period, additionally plugging by 0.28% over the last 6 months – not to mention a rise of 12.43% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PEP stock in for the last two-week period is set at 49.66, with the RSI for the last a single of trading hit 51.49, and the three-weeks RSI is set at 48.67 for PepsiCo Inc. [PEP]. The present Moving Average for the last 50 days of trading for this stock 174.18, while it was recorded at 172.66 for the last single week of trading, and 173.58 for the last 200 days.
PepsiCo Inc. [PEP]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and PepsiCo Inc. [PEP] shares currently have an operating margin of +13.73 and a Gross Margin at +53.38. PepsiCo Inc.’s Net Margin is presently recorded at +10.31.
Return on Equity for this stock inclined to 53.69, with Return on Assets sitting at 9.66.
PepsiCo Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.80.
PepsiCo Inc. [PEP]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PEP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for PepsiCo Inc. go to 7.55%.
An analysis of insider ownership at PepsiCo Inc. [PEP]
There are presently around $176,602 million, or 74.00% of PEP stock, in the hands of institutional investors. The top three institutional holders of PEP stocks are: VANGUARD GROUP INC with ownership of 130,504,608, which is approximately 1.29% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 110,128,347 shares of the stock with an approximate value of $19.13 billion in PEP stocks shares; and STATE STREET CORP, currently with $10.36 billion in PEP stock with ownership of nearly 0.005% of the company’s market capitalization.
Positions in PepsiCo Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 1,573 institutional holders increased their position in PepsiCo Inc. [NASDAQ:PEP] by around 54,875,825 shares. Additionally, 1,328 investors decreased positions by around 36,332,574 shares, while 418 investors held positions by with 925,438,005 shares. The mentioned changes placed institutional holdings at 1,016,646,404 shares, according to the latest SEC report filing. PEP stock had 309 new institutional investments in for a total of 7,352,632 shares, while 100 institutional investors sold positions of 3,560,819 shares during the same period.