PepsiCo stock is trading -12.62% below its average target price of $185.53 after dropping -1.4% 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 $210.0 per share.
The stock has a very low short interest at 1.4%, and a short ratio of 3.86. 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 76.8% of PepsiCo's shares being owned by this investor type.
Institutions Invested in PepsiCo
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 9% | 131,144,573 | $21,261,157,534 |
| 2024-03-31 | Blackrock Inc. | 8% | 110,165,146 | $17,859,972,931 |
| 2024-03-31 | State Street Corporation | 4% | 54,434,160 | $8,824,865,753 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 29,188,715 | $4,732,074,333 |
| 2024-03-31 | Bank of America Corporation | 2% | 27,100,904 | $4,393,598,424 |
| 2024-03-31 | Morgan Stanley | 2% | 25,933,822 | $4,204,391,096 |
| 2024-03-31 | JP Morgan Chase & Company | 2% | 21,555,416 | $3,494,563,936 |
| 2024-03-31 | Charles Schwab Investment Management, Inc. | 1% | 20,301,786 | $3,291,325,447 |
| 2023-12-31 | Norges Bank Investment Management | 1% | 15,815,703 | $2,564,041,693 |
| 2024-03-31 | Northern Trust Corporation | 1% | 15,609,056 | $2,530,540,082 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on PepsiCo.
