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Should You Buy PepsiCo Inc (PEP) Stock on Friday?

Friday, March 08, 2024 02:00 PM | InvestorsObserver Analysts

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Should You Buy PepsiCo Inc (PEP) Stock on Friday?

Overall market sentiment has been down on PepsiCo Inc (PEP) stock lately. PEP receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
PepsiCo Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PEP!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With PEP Stock Today?

PepsiCo Inc (PEP) stock has gained 0.07% while the S&P 500 has fallen -0.66% as of 1:49 PM on Friday, Mar 8. PEP has gained $0.11 from the previous closing price of $163.11 on volume of 2,803,119 shares. Over the past year the S&P 500 has risen 28.34% while PEP has fallen -5.71%. PEP earned $6.56 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 24.89.

More About PepsiCo Inc

PepsiCo is one of the largest food and beverage companies globally. It makes, markets, and sells a slew of brands across the beverage and snack categories, including Pepsi, Mountain Dew, Gatorade, Doritos, Lays, and Ruffles. The firm uses a largely integrated go-to-market model, though it does leverage third-party bottlers, contract manufacturers, and distributors in certain markets. In addition to company-owned trademarks, Pepsi manufactures and distributes other brands through partnerships and joint ventures with companies such as Starbucks. The firm segments its operations into five primary geographies, with North America (comprising Frito-Lay North America, Quaker Foods North America, and North America beverages) constituting around 60% of consolidated revenue. Click Here to get the full Stock Report for PepsiCo Inc stock.

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