PepsiCo Inc (NASDAQ:PEP) shares, rose in value on Friday, April 05, with the stock price down by -0.60% to the previous day’s close as strong demand from buyers drove the stock to $168.64.
Actively observing the price movement in the recent trading, the stock is buoying the session at $169.65. The value of beta (5-year monthly) is 0.53 whereas the PE ratio is 25.71 over 12-month period. Referring to stock’s 52-week performance, its high was $196.88, and the low was $155.83. On the whole, PEP has fluctuated by 3.46% over the past month.
With the market capitalization of PepsiCo Inc currently standing at about $231.78 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 23, 2024. The company’s Forward Dividend Ratio is 5.06, with its dividend yield at 3.00%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.52, which is expected to increase to $2.25 for fiscal year $8.15 and then to about $8.81 by fiscal year 2025. Data indicates that the EPS growth is expected to be 7.00% in 2025, while the next year’s EPS growth is forecast to be 8.10%.
Analysts have estimated the company’s revenue for the quarter at $18.12 billion, with a low estimate of $17.79 billion and a high estimate of $18.23 billion. According to the average forecast, sales growth in current quarter could jump up 15.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $94.77 billion, representing an increase of 3.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that PEP’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.67, with the price of PEP currently trading nearly -0.43% and 0.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.55, while the 7-day volatility ratio is showing 1.43% which for the 30-day chart, stands at 1.21%. Furthermore, PepsiCo Inc (PEP)’s beta value is 0.54, and its average true range (ATR) is 2.29.
A comparison of PepsiCo Inc (PEP) with its peers suggests the former has fared considerably weaker in the market. PEP showed an intraday change of -0.60% in today’s session so far, and over the past year, it shrunk by -7.26%%.
Data on historical trading for PepsiCo Inc (NASDAQ:PEP) indicates that the trading volumes over the past 10 days have averaged 4.88 million and over the past 3 months, they’ve averaged 5.90 million. According to company’s latest data on outstanding shares, there are 1.37 billion shares outstanding.
Nearly 0.34% of PepsiCo Inc’s shares belong to company insiders and institutional investors own 75.46% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.27 million shares as on Mar 15, 2024, resulting in a short ratio of 2.74. According to the data, the short interest in PepsiCo Inc (PEP) stood at 1.26% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 14.37 million. The stock has fallen by -0.71% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PEP stock heading into the next quarter.
