PEP Stock Summary and Trading Ideas (Pepsico | NASDAQ:PEP)

PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the United States and overseas. International markets make up 40% of total sales and one third of operating profits.

Pepsico trades on the NASDAQ stock market under the symbol PEP.

As of April 26, 2024, PEP stock price declined to $176.17 with 1,990,261 million shares trading.

PEP has a beta of 0.42, meaning it tends to be less sensitive to market movements. PEP has a correlation of 0.11 to the broad based SPY ETF.

PEP has a market cap of $242.21 billion. This is considered a Mega Cap stock.

Last quarter Pepsico reported $18 billion in Revenue and $1.61 earnings per share. This beat revenue expectation by $170 million and exceeded earnings estimates by $.09.

In the last 3 years, PEP stock traded as high as $196.88 and as low as $141.73.

The top ETF exchange traded funds that PEP belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

PEP stock has underperformed the market in the last year with a return of -4.5%, while SPY returned +27.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PEP shares. However, PEP has outperformed the market in the last 3 month and 2 week periods, returning +6.5% and +4.6%, while SPY returned +4.8% and -1.6%, respectively. This indicates PEP has been having a stronger performance recently.

PEP support price is $175.04 and resistance is $178.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PEP stock will trade within this expected range on the day.