Shares Of PepsiCo Inc. (PEP) Rise Above Previous 52-Week High

Shares Of PepsiCo Inc. (PEP) Rise Above Previous 52-Week High

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Shares of PepsiCo Inc. PEP traded at a new 52-week high today of $158.81. Approximately 337,000 shares have changed hands today, as compared to an average 30-day volume of 4 million shares.

Based on a current price of $158.62, PepsiCo Inc. is currently 13.8% above its average consensus analyst price target of $136.70.

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 over 60% of consolidated revenue.

In the past 52 weeks, PepsiCo Inc. share prices are bracketed by a low of $128.32 and a high of $158.81 and is now at $158.62, 24% above that low price.

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The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

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