PepsiCo stock is trading -10.14% below its average target price of $186.75 after dropping -3.5% during today's morning session. Analysts are giving the large-cap Beverages company an average rating of buy and target prices ranging from $151.0 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 1.1%. The stock's short ratio is 2.9. The company's insiders own 0.15% 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 77.1%. 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 | $22,020,252,209 |
| 2023-09-30 | Blackrock Inc. | 8% | 111,975,274 | $18,791,691,302 |
| 2023-09-30 | State Street Corporation | 4% | 58,407,082 | $9,801,876,929 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 27,645,199 | $4,639,417,498 |
| 2023-09-30 | Morgan Stanley | 2% | 25,632,976 | $4,301,726,220 |
| 2023-09-30 | Bank of America Corporation | 2% | 23,748,908 | $3,985,541,914 |
| 2023-12-31 | Charles Schwab Investment Management, Inc. | 1% | 19,001,928 | $3,188,903,696 |
| 2023-09-30 | JP Morgan Chase & Company | 1% | 18,744,264 | $3,145,662,521 |
| 2023-09-30 | Northern Trust Corporation | 1% | 16,878,022 | $2,832,469,775 |
| 2023-12-31 | Bank Of New York Mellon Corporation | 1% | 14,225,798 | $2,387,373,524 |
