Shares of PepsiCo Inc. (NASDAQ:PEP) traded today at $155.33, eclipsing its 52-week high. This new high was reached on below average trading volume as 337,000 shares traded hands, while the average 30-day volume is approximately 4.9 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.
In the past 52 weeks, shares of PepsiCo Inc. have traded between a low of $128.32 and a high of $155.33 and is now at $154.74, which is 21% above that low price.
PepsiCo Inc. (NASDAQ:PEP) is currently priced 9.3% above its average consensus analyst price target of $140.29.
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