Analyzing the Decline in PEP Stock Today

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.

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.