Pepsico is an American snack, food, and beverage company. It is headquartered in Harrison, New York. The company works in the Beverages and food processing industry. It was founded in 1898, nearly 125 years ago. The founder of Pepsico is Caleb Bradham and it operates worldwide.
The average trading volume of the PEP stock is 4.8M and the company makes $5.70 on each share. The PE ratio of the share is also high resulting in 30.56. It shows the high demand for the PEP share. In the last 52 weeks, the Pepsico company hit a low price of $160.98 and the highest price of $196.88.
The PEP share has a beta of 0.27, which makes the Pepsico share less volatile. It also indicates that the PEP share moves less than the market as a whole. The gross profit for the company has advanced by 11.9% in Q2 2023 year-on-year. It has followed an advance of 1.4% in gross margin resulting in 54.6%.
Pepsico Inc. Stock Performance Analysis
The debt of the company has been constant for several years. The revenue of Pepsico Inc. is constantly increasing for the last few years. This firm’s profit margin is also constant for the last few years. It demonstrates the reliability of the company and the increasing demand for products. The net income of the company is 10% resulting in $8.91B.
Technical Summary of PEP Stock
The technicals of the PEP share are extremely negative, following multiple moving averages and oscillators on the daily timeframe. The fundamentals of the PEP company are strong and reliable representing sustainability in the company.
PEP Share Technical Analysis
The Pepsico share price has declined below the rising wedge pattern and is currently trading below the same. This downfall is confirmed after the breakdown of the share price below the wedge pattern. The PEP share is currently making lower-low swing points.
Due to consistent advances in the share price of the PEP, the EMAs are following a golden cross on charts. The share price of PEP has currently declined below the 50-day EMA. It indicates uncertainty on charts. The RSI of the PEP share on the weekly timeframe is trading in a range, acting volatile to uncertain.
Conclusion
The PEP share has declined below the rising wedge pattern. The PEP stock’s price has been consistently advancing but is currently in a correction phase. Pepsico has very good and reliable financials. The beta of the stock is good for investment.
Therefore, the PEP share price may continue to decline until it breaks above the previous swing high.
Technical Levels
- Support levels for the PEP share are – $153.00 and $161.00
- Resistance levels for the PEP share are – $180.00 and $196.00
Disclaimer
The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.
Source: https://www.thecoinrepublic.com/2023/09/27/the-decline-in-share-price-of-pepsico-has-started-hold-or-exit/