Is Overall Sentiment on PepsiCo Bearish?

By Blake Campbell • Wednesday, November 29 15:59 • Permanent Link

After this afternoon's -1.0% drop to $167.14 per share, PepsiCo might just keep moving past its target price of $172.54. With an average analyst rating of buy, and target prices from $137.79 to $200.76, the stock's next move is anyone's guess.

PepsiCo's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.1%. The stock's short ratio is 2.79. 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
2023-09-30	Vanguard Group Inc	9%	131,213,510	$21,931,025,981
2023-09-30	Blackrock Inc.	8%	111,975,274	$18,715,547,228
2023-09-30	State Street Corporation	4%	58,407,082	$9,762,159,649
2023-09-30	Geode Capital Management, LLC	2%	27,645,199	$4,620,618,543
2023-09-30	Morgan Stanley	2%	25,632,976	$4,284,295,592
2023-09-30	Bank of America Corporation	2%	23,748,908	$3,969,392,468
2023-09-30	JP Morgan Chase & Company	1%	18,744,264	$3,132,916,273
2023-09-30	Charles Schwab Investment Management, Inc.	1%	18,423,845	$3,079,361,442
2023-09-30	Northern Trust Corporation	1%	16,878,022	$2,820,992,586
2023-09-30	Bank Of New York Mellon Corporation	1%	14,105,709	$2,357,628,193

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.