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
|2023-03-31||Vanguard Group Inc||9%||131,384,079||$24,334,959,272|
|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||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|