Pepsico (PEP): Price Target and June Short Interest Disclosure

Pepsico (PEP) : Currently there are 9 street experts covering Pepsico (PEP) stock. The most bullish and bearish price target for the stock is $124 and $112 respectively for the short term. The average price target of all the analysts comes to $119. The estimated standard deviation from the target is $4.18.

Pepsico (PEP) has seen a rise of 189,085 shares or 2.5% in the short interest. The remaining shorts are 0.5% of the total floated shares. The net short interest, as on June 30,2016, stood at 7,814,600 shares and the stocks days to cover will be 2 by factoring in the average per day volume of 5,042,540 shares. On June 15,2016, 7,625,515 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Major Brokerage house, Goldman Sachs maintains its ratings on Pepsico (NYSE:PEP). In the latest research report, Goldman Sachs lowers the target price from $105 per share to $104 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 29, 2016.


Pepsico (NYSE:PEP): stock turned positive on Thursday. Though the stock opened at $109.83, the bulls momentum made the stock top out at $110.94 level for the day. The stock recorded a low of $109.76 and closed the trading day at $109.96, in the green by 0.05%. The total traded volume for the day was 4,834,268. The stock had closed at $109.91 in the previous days trading.

PepsiCo, Inc. (PepsiCo) is a global food and beverage company. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), Latin America Foods (LAF), which includes its food and snack businesses in Latin America; PepsiCo Americas Beverages (PAB), which includes its North American and Latin American beverage businesses; PepsiCo Europe (Europe), which includes beverage, food and snack businesses in Europe and South Africa, and PepsiCo Asia, Middle East and Africa (AMEA), which includes beverage, food and snack businesses in AMEA, excluding South Africa. Through its operations, bottlers, contract manufacturers and other third-parties, the Company manufactures, markets, distributes and sells a variety of beverages, foods and snacks, serving customers and consumers in more than 200 countries and territories.

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