PepsiCo Inc. (PEP): The Winning Streak Continues

December 10, 2021 10:46:33

PepsiCo Inc. (NASDAQ:PEP) traded today at a new 12-month high of $168.30. This new high was reached on below average trading volume as 337,000 shares traded hands, while the average 30-day volume is approximately 4.1 million shares.

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.

PepsiCo Inc. share prices have moved between a 12-month high of $168.30 and a 12-month low of $128.32 and are now trading 30% above that low price at $167.42 per share.

Based on a current price of $167.42, PepsiCo Inc. is currently 13.5% above its average consensus analyst price target of $144.90.

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