PepsiCo Inc [PEP] stock is trading at $164.78, down -0.31%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PEP shares have gain 1.02% over the last week, with a monthly amount drifted -2.43%, and not seem to be holding up well over a long-time horizon.
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On 11, March 2024, PepsiCo Announces Timing and Availability of First-Quarter 2024 Financial Results. In a post published today on Yahoo Finance, PepsiCo, Inc. (NASDAQ: PEP) today announced that it will issue its first-quarter 2024 (ending March 23) financial results and other related information on Tuesday, April 23, 2024 by posting the following materials and links on the company’s website at www.pepsico.com/investors.
From an analyst’s perspective:
PepsiCo Inc [NASDAQ: PEP] stock has seen the most recent analyst activity on February 12, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $195 from $180. Previously, JP Morgan downgraded its rating to Neutral on December 19, 2023, and dropped its price target to $176. On November 13, 2023, Jefferies initiated with a Buy rating and assigned a price target of $203 on the stock. DZ Bank upgraded its rating to a Buy but $187 remained the price target by the analyst firm on October 19, 2023. Morgan Stanley downgraded its rating to Equal-Weight for this stock on July 17, 2023, but kept the price target unchanged to $210. In a note dated March 20, 2023, Bernstein upgraded an Mkt Perform rating on this stock.
PepsiCo Inc [PEP] stock has fluctuated between $155.83 and $196.88 over the past year. Currently, Wall Street analysts expect the stock to reach $181.2 within the next 12 months. PepsiCo Inc [NASDAQ: PEP] shares were valued at $164.78 at the most recent close of the market. An investor can expect a potential return of 9.96% based on the average PEP price forecast.
Analyzing the PEP fundamentals
PepsiCo Inc [NASDAQ:PEP] reported sales of 91.47B for the trailing twelve months, which represents a drop of -0.53%. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.5 and Total Capital is 0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.41.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 163.90 points at the first support level, and at 163.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 165.96, and for the 2nd resistance point, it is at 167.14.
PepsiCo Inc [PEP] reported earnings per share of $1.78 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.72/share, meaning a difference of $0.06 and a surprise factor of 3.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.25 per share as compared to estimates of $2.15 per share, a difference of $0.1 representing a surprise of 4.70%.
Ratios To Look Out For
For context, PepsiCo Inc’s Current Ratio is 0.85. As well, the Quick Ratio is 0.68, while the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 2.48, the price to book ratio is 12.24 and price to earnings (TTM) ratio is 25.12.
Transactions by insiders
Recent insider trading involved Krishnan Ramkumar, CEO, PBNA, that happened on Mar 11 ’24 when 4563.0 shares were sold. CEO, AMESA & Intl Beverages, Willemsen Eugene completed a deal on Feb 23 ’24 to sell 7700.0 shares. Meanwhile, Vice Chairman, EVP & CFO Johnston Hugh F sold 48388.0 shares on Nov 10 ’23.
