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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 May 9, 2024, PEP stock price climbed to $177.47 with 1,427,642 million shares trading.
PEP has a beta of 0.41, meaning it tends to be less sensitive to market movements. PEP has a correlation of 0.12 to the broad based SPY ETF.
PEP has a market cap of $244.00 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 $143.58.
The top ETF exchange traded funds that PEP belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.
PEP has underperformed the market in the last year with a price return of -5.6% while the SPY ETF gained +27.6%. PEP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.8% and 0.0%, respectively, while the SPY returned +4.6% and +2.8%, respectively.
PEP support price is $175.82 and resistance is $179.00 (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.