PepsiCo stock is trading -11.15% below its average target price of $174.35 after marking a 3.9% during today's afternoon session. Analysts are giving the Large-Cap Beverages company an average rating of buy and target prices ranging from $148.0 to $195.0 per share.
The stock has a very low short interest at 1.5%, and a short ratio of 2.96. 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 77.6% of PepsiCo's shares being owned by this investor type.
Institutions Invested in PepsiCo
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 9% | 131,995,371 | $20,447,403,404 |
| 2024-09-30 | Blackrock Inc. | 8% | 110,256,997 | $17,079,911,809 |
| 2024-09-30 | State Street Corporation | 4% | 57,268,030 | $8,871,390,737 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 30,497,268 | $4,724,331,897 |
| 2024-09-30 | Morgan Stanley | 2% | 27,896,055 | $4,321,377,982 |
| 2024-09-30 | Bank of America Corporation | 2% | 27,036,722 | $4,188,258,704 |
| 2024-09-30 | JP Morgan Chase & Company | 2% | 25,081,914 | $3,885,439,389 |
| 2024-09-30 | Charles Schwab Investment Management, Inc. | 2% | 21,360,850 | $3,309,009,351 |
| 2024-06-30 | Norges Bank Investment Management | 1% | 17,491,214 | $2,709,564,024 |
| 2024-09-30 | Northern Trust Corporation | 1% | 15,096,577 | $2,338,610,798 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on PepsiCo.
