PepsiCo stock is trading -8.77% below its average target price of $203.03 after dropping -1.0% during today's afternoon session. Analysts are giving the large-cap Beverages company an average rating of buy and target prices ranging from $180.0 to $220.0 per share.
PepsiCo's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 0.8%. The stock's short ratio is 2.02. The company's insiders own 0.16% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 76.0%. In conclusion, we believe there is mixed market sentiment regarding PepsiCo.
Institutions Invested in PepsiCo
Date Reported | Holder | Percentage | Shares | Value |
---|---|---|---|---|
2023-03-31 | Vanguard Group Inc | 9% | 131,384,079 | $24,334,959,272 |
2023-03-31 | Blackrock Inc. | 8% | 109,590,536 | $20,298,359,211 |
2023-03-31 | State Street Corporation | 4% | 58,566,663 | $10,847,717,392 |
2023-03-31 | Bank of America Corporation | 2% | 26,937,043 | $4,989,279,137 |
2023-03-31 | Geode Capital Management, LLC | 2% | 26,126,523 | $4,839,154,621 |
2023-03-31 | Morgan Stanley | 2% | 26,060,142 | $4,826,859,533 |
2023-03-31 | Charles Schwab Investment Management, Inc. | 1% | 17,880,236 | $3,311,777,333 |
2023-03-31 | JP Morgan Chase & Company | 1% | 16,942,944 | $3,138,172,108 |
2023-03-31 | Northern Trust Corporation | 1% | 16,956,928 | $3,140,762,224 |
2023-03-31 | Royal Bank of Canada | 1% | 14,911,395 | $2,761,888,600 |