This afternoon we watched PepsiCo drop -1.1% to a price of $158.36 per share. The large-cap Beverages company is now trading -19.37% below its average target price of $196.4. Analysts have set target prices ranging from $156.0 to $220.0 per share for PepsiCo, and have given the stock an average rating of buy.
PepsiCo's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 0.9%. The stock's short ratio is 2.78. 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 |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 9% | 131,350,838 | $20,800,718,785 |
| 2023-06-30 | Blackrock Inc. | 8% | 110,578,365 | $17,511,189,948 |
| 2023-06-30 | State Street Corporation | 4% | 59,055,838 | $9,352,082,541 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 27,063,800 | $4,285,823,384 |
| 2023-06-30 | Morgan Stanley | 2% | 26,857,652 | $4,253,177,787 |
| 2023-06-30 | Bank of America Corporation | 2% | 23,869,319 | $3,779,945,371 |
| 2023-06-30 | JP Morgan Chase & Company | 1% | 18,597,133 | $2,945,041,993 |
| 2023-06-30 | Charles Schwab Investment Management, Inc. | 1% | 17,503,813 | $2,771,903,837 |
| 2023-06-30 | Northern Trust Corporation | 1% | 16,282,665 | $2,578,522,839 |
| 2023-06-30 | Royal Bank of Canada | 1% | 15,717,701 | $2,489,055,139 |
