This overnight we watched PepsiCo drop -1.1% to a price of $165.68 per share. The large-cap Beverages company is now trading -12.38% below its average target price of $189.08. Analysts have set target prices ranging from $151.0 to $220.0 per share for PepsiCo, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.1%, and a short ratio of 2.79. The company's insiders own 0.15% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 76.5% of PepsiCo's shares being owned by this investor type.
Institutions Invested in PepsiCo
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 9% | 131,213,510 | $21,739,453,375 |
| 2023-09-30 | Blackrock Inc. | 8% | 111,975,274 | $18,552,062,576 |
| 2023-09-30 | State Street Corporation | 4% | 58,407,082 | $9,676,884,917 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 27,645,199 | $4,580,256,367 |
| 2023-09-30 | Morgan Stanley | 2% | 25,632,976 | $4,246,871,275 |
| 2023-09-30 | Bank of America Corporation | 2% | 23,748,908 | $3,934,718,903 |
| 2023-09-30 | JP Morgan Chase & Company | 1% | 18,744,264 | $3,105,549,522 |
| 2023-09-30 | Charles Schwab Investment Management, Inc. | 1% | 18,423,845 | $3,052,462,504 |
| 2023-09-30 | Northern Trust Corporation | 1% | 16,878,022 | $2,796,350,561 |
| 2023-09-30 | Bank Of New York Mellon Corporation | 1% | 14,105,709 | $2,337,033,763 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on PepsiCo.
