El interés en corto de PepsiCo da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de PepsiCo. Los datos de interés en corto se actualizan cada dos semanas.

PepsiCo (NASDAQ:PEP) Bolsa, Informe de interés en corto

PepsiCo

Pepsico, Inc.

NYSE

PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US and overseas. International markets make up 40% of total sales and one third of operating profits.

PepsiCo Inc

Pepe - United States dollar

PepGen Inc

PEPPERLIME HEALTH ACQUISITION CORP ORD

PEPPERLIME HEALTH ACQUISITION CORP UNIT

PEPPERLIME HEALTH ACQUISITION CORP WARRANT

Parametric Equity Plus ETF

PEXIP HLDG ASA UNSP/ADR by Pexip Hldg ASA

Pexip Holding ASA

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Deutsche Bank increased the price target for PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) from $179 to $184. Deutsche Bank analyst Steve Powers upgraded the stock from Hold to Buy. PepsiCo shares closed at $156.77 on Wednesday. See how other analysts view this stock.</li>
<li>Wells Fargo raised the price target for The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) from $70 to $73. Wells Fargo analyst Edward Kelly maintained an Overweight rating. Kroger shares closed at $61.33 on Wednesday. <a href="https://www.benzinga.com/quote/KR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer boosted the price target for KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) from $153 to $175. Oppenheimer analyst Chris Kotowski maintained an Outperform rating. KKR shares closed at $157.39 on Wednesday. <a href="https://www.benzinga.com/quote/KKR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho raised Lowe&#8217;s Companies, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) price target from $282 to $305. Mizuho analyst David Bellinger maintained an Outperform rating. Lowe&#8217;s shares settled at $267.90 on Wednesday. <a href="https://www.benzinga.com/quote/LO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies slashed Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) price target from $700 to $650. Jefferies analyst Brent Thill maintained a Buy rating. Adobe shares closed at $549.93 on Wednesday. <a href="https://www.benzinga.com/quote/ADBE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Roth MKM raised United Natural Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) price target from $20 to $26. Roth MKM analyst Bill Kirk maintained a Neutral rating. United Natural Foods shares closed at $28.08 on Wednesday.  <a href="https://www.benzinga.com/quote/UNFI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel cut Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) price target from $39 to $36. Stifel analyst Mark Kelley maintained a Hold rating on the stock. Match Group shares closed at $61.48 on Wednesday. See how other analysts view this stock.</li>
<li>UBS cut the price target for Commercial Metals Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) from $62 to $56. UBS analyst Curt Woodworth downgraded the stock from Buy to Sell. Commercial Metals shares settled at $61.60 on Wednesday. <a href="https://www.benzinga.com/quote/CMC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank boosted Keurig Dr Pepper Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>) price target from $37 to $39. Deutsche Bank analyst Steve Powers upgraded the stock from Hold to Buy. Keurig Dr Pepper shares closed at $33.26 on Wednesday. <a href="https://www.benzinga.com/quote/KDP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham raised Stryker Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>) price target from $409 to $442. Needham analyst Mike Matson maintained a Buy rating. Stryker shares closed at $376.16 on Wednesday. <a href="https://www.benzinga.com/quote/SYK/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying PEP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12101330/image-105-1024x568.png" alt="" class="wp-image-689663" style="width:632px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12101330/image-105-1024x568.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12101330/image-105-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12101330/image-105-768x426.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12101330/image-105.png 1117w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42437595/jim-cramer-says-keep-owning-this-energy-stock-abbott-laboratories-legal-stuff-is-behind-them">Jim Cramer Says &#8216;Keep Owning&#8217; This Energy Stock, Abbott Laboratories &#8216;Legal Stuff&#8217; Is Behind Them</a></li>
</ul>

News

Price Target

Markets

Analyst Ratings

Trading Ideas

ADBE

MTCH

UNFI

PepsiCo To Rally Over 17%? Here Are 10 Top Analyst Forecasts For Thursday

Deutsche Bank analyst Steve Powers upgrades PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) from Hold to Buy and raises the price target from $179 to $184.

Upgrades

Deutsche Bank Upgrades PepsiCo to Buy, Raises Price Target to $184

PepsiCo's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NYSE">PEP</a>) short percent of float has fallen 5.15% since its last report. The company recently reported that it has 17.67 million shares sold short, which is 1.29% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.23 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>PepsiCo Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733504423_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for PepsiCo has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing PepsiCo's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, PepsiCo's peer group average for short interest as a percentage of float is 7.86%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into PepsiCo's Recent Short Interest

High-rolling investors have positioned themselves bullish on PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in PEP often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for PepsiCo. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $38,850, and 7 calls, totaling $446,181.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $150.0 to $165.0 for PepsiCo over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for PepsiCo's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across PepsiCo's significant trades, within a strike price range of $150.0 to $165.0, over the past month.
<h3>PepsiCo Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732734957_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$2.15</td>
<td>$2.1</td>
<td>$2.15</td>
<td>$165.00</td>
<td>$146.6K</td>
<td>5.0K</td>
<td>1.7K</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$27.3</td>
<td>$26.4</td>
<td>$26.4</td>
<td>$150.00</td>
<td>$71.2K</td>
<td>21</td>
<td>27</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$1.5</td>
<td>$1.49</td>
<td>$1.5</td>
<td>$165.00</td>
<td>$60.3K</td>
<td>5.0K</td>
<td>477</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$2.2</td>
<td>$2.15</td>
<td>$2.15</td>
<td>$165.00</td>
<td>$59.7K</td>
<td>5.0K</td>
<td>1.9K</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$1.62</td>
<td>$1.5</td>
<td>$1.5</td>
<td>$165.00</td>
<td>$40.8K</td>
<td>5.0K</td>
<td>753</td>
</tr>
</tbody>
</table>

<h3>About PepsiCo</h3>
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US and overseas. International markets make up 40% of total sales and one third of operating profits.
After a thorough review of the options trading surrounding PepsiCo, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of PepsiCo</h3>
<ul>
<li>Trading volume stands at 1,819,910, with PEP's price up by 0.39%, positioned at $162.8.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 72 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for PepsiCo with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Market Whales and Their Recent Bets on PEP Options

PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) disclosed a deal to acquire the remaining 50% stake in Sabra Dipping Company, LLC, and PepsiCo-Strauss Fresh Dips &amp; Spreads International GmbH<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n42132599/pepsico-to-acquire-full-ownership-of-sabra-and-obela" rel="noreferrer noopener"> for an undisclosed amount</a>.
This acquisition will make PepsiCo the sole owner of the companies behind Sabra and Obela products.
Sabra and Obela, 50/50 joint ventures between PepsiCo and Strauss Group, focus on refrigerated dips and spreads.
PepsiCo, active in the fresh dips market for over 15 years, helped establish Sabra and Obela, with Sabra now leading the U.S. hummus market with $400 million in retail sales.
This acquisition supports PepsiCo&#8217;s goal to innovate and meet rising consumer demand for healthier options.
The transactions, pending customary closing conditions, are expected to finalize by the end of 2024.
Steven Williams, Chief Executive Officer, PepsiCo Foods North America, said, &#8221;As we evolve our food portfolio and bring people more choices for more occasions, our aim is to meet the growing demand for positive choices and on-the-go options.&#8221;
&#8220;Nutritious, simple foods like refrigerated dips and spreads represent a space we have long desired to expand in the U.S. and&nbsp;Canada. We are grateful to the Strauss Group for our long and successful partnership and look forward to this next chapter for the Sabra and Obela brands, as well as the PepsiCo food portfolio.&#8221;
As of September 7, PepsiCo&#8217;s cash and equivalents <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41225048/pepsico-adjusts-2024-revenue-expectations-after-mixed-q3-performance-and-global-challenges" rel="noreferrer noopener">stood at $7.3 billion</a>.
Price Action: PEP shares are up 0.07% at $160.46 premarket at the last check Friday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/24/11/42111285/jim-cramer-says-this-food-and-beverage-manufacturer-goes-lower-its-just-become-just-too-darn-hard" target="_blank" rel="noreferrer noopener">Jim Cramer Predicts Pepsi Goes Lower: &#8216;It&#8217;s Just Become Too Darn Hard&#8217;</a></li>
</ul>

Equities

Large Cap

PepsiCo Strengthens Hold On US Hummus Market with Sabra & Obela Buyout

PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) today announced its agreement to acquire the remaining 50% interest in Sabra Dipping Company, LLC (Sabra) and PepsiCo-Strauss Fresh Dips &amp; Spreads International GmbH (Obela) and become the sole owner of these companies, which make Sabra and Obela products.
&nbsp;
Sabra and Obela are currently 50/50 joint ventures that had been formed between PepsiCo and Strauss Group to manufacture, distribute, and sell refrigerated dips and spreads. The Sabra joint venture is based in New York and operates in the U.S. and Canada. The Obela joint venture is based in Geneva and operates in Australia, New Zealand and Mexico.
PepsiCo has focused on the fresh dips category for over 15 years, forming Sabra and Obela as 50/50 joint ventures with the Strauss Group in 2008 and 2012, respectively. Sabra has become a leading hummus brand with nearly $400MM in retail sales in the U.S. This transaction will enable PepsiCo to continue to transform its portfolio and drive accelerated innovation to develop more products that meet the growing demand for positive choices from North American consumers.

PepsiCo Secures Full Ownership of Sabra and Obela with 50% Buyout

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) goes lower. &#8220;It's just become too <a href="https://www.benzinga.com/quote/PEP/earnings">darn hard,&#8221; he added</a>.
On Oct. 8, PepsiCo reported mixed third-quarter results and lowered its 2024 organic revenue guidance. The company reported a third-quarter net revenue decline of 0.6% year-over-year to $23.319 billion and organic growth of 1.3%, missing the consensus estimate of $23.825 billion. Adjusted EPS of $2.31 beat the consensus estimate of $2.29.
Intuitive Machines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) makes no money, Cramer said.
On Nov. 14, Intuitive Machines reported third-quarter revenue of $58.48 million, beating analyst estimates of $50.89 million, according to Benzinga Pro. Total revenue was up 359% on a year-over-year basis. The company reported a net loss of $80.44 million, versus net income of $14.31 million in the prior year's quarter.
Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) is &#8220;ok,&#8221; Cramer said. &#8220;Coterra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRA#NYSE">CTRA</a>) is the way I like to do this thing.&#8221;
Occidental Petroleum reported quarterly adjusted earnings of $1.00 per share, beating the analyst consensus estimate of 74 cents. Quarterly revenue came in at $7.15 billion, missing the consensus estimate of $7.23 billion.
Cramer said Globe Life Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>) is &#8220;fine. It's not exciting, it's not boring, it's just fine.&#8221;
On Nov. 18, Globe Life announced that its Board of Directors has approved an authorization to repurchase up to $1.8 billion of common stock under its existing stock repurchase program.
Price Action:
<ul>
<li>Intuitive Machines shares fell 3.9% to settle at $12.07 on Wednesday.</li>
<li>PepsiCo shares gained 1.3% to close at $158.74.</li>
<li>Occidental Petroleum shares gained 0.8% to close at $50.91.</li>
<li>Globe Life shares fell 0.5% to settle at $108.76 during the session.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/24/11/42094434/top-3-consumer-stocks-that-are-ticking-portfolio-bombs">Top 3 Consumer Stocks That Are Ticking Portfolio Bombs</a></li>
</ul>
Image: Shutterstock

Media

CTRA

LUNR

Jim Cramer Predicts Pepsi Goes Lower: 'It's Just Become Too Darn Hard'

PepsiCo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) stock is trading lower by roughly 4% over the past week after President-elect Donald Trump announced Robert F. Kennedy Jr. as his nominee to lead the Department of Health and Human Services (HHS). 
The decision has <a href="https://www.benzinga.com/government/regulations/24/11/41993115/trump-taps-rfk-jr-for-health-secretary-role-sends-5-vaccine-stocks-lower">raised fears</a> of stricter health and nutrition regulations, potentially affecting PepsiCo's operations.
What To Know: Kennedy, an environmental activist and vaccine skeptic, has been vocal about corporate influence in public health and what he terms the "industrial food complex." With PepsiCo's expansive portfolio, which spans sugary soft drinks, snack foods and health-conscious brands, the company may face increased scrutiny under Kennedy's leadership.
PepsiCo's beverages, including flagship brands Pepsi and Mountain Dew, as well as Gatorade and Tropicana, could come under fire for their sugar content. Kennedy's past criticism of unhealthy diets has fueled speculation that new regulations could target sugary drinks, either through tighter labeling laws or broader public health initiatives.
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Snack foods, another key pillar of PepsiCo's business, also face potential headwinds. Products like Lay's, Doritos and Cheetos dominate the processed snack market, making them susceptible to policy changes aimed at reducing consumption of high-calorie, low-nutrition foods.
What Else: Beyond its traditional offerings, PepsiCo has expanded into health-focused products like Quaker Oats, Naked Juice and Sabra Hummus. While these brands may be better positioned in a shifting regulatory environment, the potential for stricter rules on marketing practices and supply chain transparency could still pose challenges. 
Kennedy's stance on marketing to children might also directly impact PepsiCo's advertising strategies, particularly for its snacks and beverages.
Read Also: <a href="https://www.benzinga.com/24/11/42031809/asia-and-europe-markets-mostly-lower-crude-oil-and-gold-gain-global-markets-today-while-us-slept">Asia And Europe Markets Mostly Lower, Dollar&#8217;s Uptrend Continues &#8211; Global Markets Today While US Slept</a>
<h2 class="wp-block-heading">How To Buy PEP Stock</h2>
By now you're likely curious about how to participate in the market for PepsiCo &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of PepsiCo, which is trading at $158.62 as of publishing time, $100 would buy you 0.63 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, PEP has a 52-week high of $183.39 and a 52-week low of $158.03.

What's Going On With Pepsi Stock?

PepsiCo's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NYSE">PEP</a>) short percent of float has risen 7.09% since its last report. The company recently reported that it has 18.59 million shares sold short, which is 1.36% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.94 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>PepsiCo Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731703522_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for PepsiCo has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing PepsiCo's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, PepsiCo's peer group average for short interest as a percentage of float is 8.19%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into PepsiCo's Recent Short Interest

Rumors

CELH

Watching Shares Of Celsius; Co. M&A Blog Mentioning The Company As A Potential Target For An Activist Investor

PepsiCo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) shares are trading lower by 3.75% to $158.97 Friday afternoon. Shares of beverage and packaged food stocks are trading lower after President-elect Donald Trump indicated he would nominate Robert F. Kennedy Jr. to <a href="https://www.benzinga.com/government/regulations/24/11/41993115/trump-taps-rfk-jr-for-health-secretary-role-sends-5-vaccine-stocks-lower">lead the HHS</a>.
What To Know: Kennedy's history of criticizing corporate influence on public health has raised concerns about potential regulatory shifts targeting key sectors of PepsiCo&#8217;s diversified business.
As a global leader in beverages and snacks, PepsiCo's portfolio includes sugary soft drinks, such as Pepsi and Mountain Dew, alongside snacks like Doritos and Lay's, as well as healthier offerings under brands like Quaker and Naked Juice. 
Analysts warn that Kennedy's stance on the &#8220;industrial food complex&#8221; could lead to stricter rules on sugar content, marketing practices, and nutritional labeling.
With U.S. consumers already <a href="https://www.benzinga.com/general/biotech/24/07/39656549/exclusive-glp-1-weight-loss-drugs-could-become-a-trillion-dollar-market-predicts-tema-etfs-ceo">gravitating toward healthier options</a>, any heightened regulatory scrutiny on sugary beverages and processed snacks could pressure PepsiCo's core businesses. In addition, possible restrictions on marketing to children, a key demographic for many of its products, could further impact growth.
Read Also: <a href="https://www.benzinga.com/news/retail-sales/24/11/42008180/october-retail-sales-top-expectations-as-us-consumers-increase-tech-spending">October Retail Sales Top Expectations As US Consumers Increase Tech Spending</a>
<h2 class="wp-block-heading">How To Buy PEP Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in PepsiCo&#8217;s case, it is in the Consumer Staples sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, PEP has a 52-week high of $183.39 and a 52-week low of $158.03.

Why Pepsi Stock Is Falling

WIIM

MNST

Shares of beverage and packaged food stocks are trading lower after president-elect Trump indicated he would nominate Robert F. Kennedy Jr. to lead the HHS.

Leading cryptocurrency <a href="https://www.benzinga.com/money/bitcoin-price-prediction">Bitcoin </a>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is smashing through new all-time highs following the 2024 presidential election and is now valued significantly higher than <a href="https://www.benzinga.com/topic/market-cap">many publicly traded companies</a>.
What Happened: Bitcoin's market capitalization is currently $1.765 trillion. That&#8217;s larger than the combined market capitalization of the following five companies:
<ul>
<li>Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>): $686.9 billion</li>
<li>Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>): $349.7 billion</li>
<li>Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>): $273.4 billion</li>
<li>PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>): $225.5 billion</li>
<li>McDonald's Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>): $214.5 billion</li>
<li>Total: $1.75 trillion</li>
</ul>
That's right. Bitcoin is worth more than the combined valuations of one of the world's largest retailers, a global streaming leader, two global beverage leaders, and a global fast-food chain.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41896277/bitcoin-nears-90000-how-high-can-the-apex-crypto-go">Bitcoin Nears $90,000—How High Can The Apex Crypto Go?</a>
Why It Matters: It&#8217;s worth noting that there are currently just nine global companies that have a market capitalization of $1 trillion or more. Bitcoin would take seventh place if it was considered a publicly traded company.
Based on Tuesday's market capitalization level, Bitcoin would currently rank between Saudi Aramco, which has a $1.807 trillion valuation, and Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), which has a $1.476 trillion valuation. 
Bitcoin has traded between $34,948.50 and $89,956.88 over the past year with the one-year high also setting a new all-time high on Nov. 12.
What&#8217;s Next: Bitcoin has blasted higher through <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41887610/bitcoin-shatters-87000-all-time-high-ethereum-up-5-dogecoin-blasts-through-0-30-for-20-gain-in-memorable-monday-trading-session">multiple all-time highs</a>. Traders and experts are now questioning if $100,000 is within reach by the end of the year.
If Bitcoin continues to trade higher, the leading cryptocurrency will likely continue to be more valuable than many of the most well-known global brands.
President-elect Donald Trump took<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41775353/bitcoin-hits-new-all-time-high-as-donald-trump-wins-second-term-what-now"> a pro-crypto stance </a>throughout the 2024 election campaign. Now, many industry experts expect the U.S. government to loosen sector regulations.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41890024/much-wow-dogecoin-is-now-larger-than-ford-adidas-lululemon-roblox-15-companies-worth-less-than-meme-crypto">Much Wow! Dogecoin Is Now Larger Than Ford, Adidas, Lululemon, Roblox: 15 Companies Worth Less Than Meme Crypto</a></li>
</ul>
Image: Unsplash

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Education

$BTC

NFLX

Bitcoin Is Now Larger Than Walmart, Netflix, Coca-Cola, Pepsi And McDonald's Combined

Pepsico Exec Says Retailers Share Purchase Data To Improve Sales Forecasting

On Wednesday, The Coca Cola Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ko#NYSE">KO</a>) surpassed Wall Street estimates on both revenue and earnings fronts as higher prices managed to offset a rather sluggish demand for its beverages in the face of increasingly price-sensitive consumers.&nbsp;
<h3>Third Quarter Highlights</h3>
Adjusted net sales were roughly flat compared to last year, amounting to&nbsp;$11.95 billion, surpassing LSEG&rsquo;s consensus estimate of $11.60 billion. However, when acquisitions, divestitures and currency are excluded, organic revenue actually rose 9%.&nbsp;
Net income attributable to shareholders went did go down to $2.85 billion, or 66 cents per share while adjusted earnings amounted to 77 cents per share, topping LSEG&rsquo;s consensus estimate of 74 cents per share.
But, the reality is that North America consumers have been snacking and and drinking less, even its rival PepsiCo Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pep#NASDAQ">PEP</a>) noticed it while also dealing with the fallout from Quaker Foods recalls. Pepsi said volume for its North American beverage business fell 3% in its third quarter. Overall, PepsiCo reported disappointing third quarter sales and also trimmed its growth outlook.&nbsp;
With a weakened international demand, Coca Cola reported its unit case volume fell by 1%. China and Turkey&rsquo;s declines were specifically named out.
Unit case volume fell 2% in both Europe, Middle East and Africa as well as Asia-Pacific regions. In North America, it was flat,&nbsp;as the weakened demand for water, sports, coffee and tea products offset growth in its namesake soda, juice, dairy, plant-based beverages and sparkling flavors.&nbsp;However, premium products with higher price tags like seltzers have performed well.
Global volume for&nbsp;sparkling soft drinks, like Sprite, and for its namesake soda were both flat, while juice, dairy and plant-based beverages division reported a 3%&nbsp;volume drop, with water, sports, coffee and tea segment&#39;s volume shrinking by&nbsp;4% which was mainly triggered by a&nbsp;6% drop in&nbsp;bottled water&#39;s volume.
Coca Cola executives stated that pricing rose 10% with a more normalized pricing on the horizon going into 2025.&nbsp;
<h3>A Reaffirmed Full Year Outlook</h3>
Coca Cola guided for 2024 organic revenue growth of roughly 10% which is the high end of the range between 9% and 10% it had previously provided, while also reiterating its earnings per share growth projection between 5% and 6%.&nbsp;
While Coca Cola will provide a full-year outlook for the upcoming year with the release of 2024&rsquo;s fourth quarter earnings report, it already revealed it is expecting currency to hurt its 2025 results, with headwinds for comparable revenue being in low-single digits and for earnings per share being in mid-single digits.
As for the fourth quarter, Coca Cola warned that earnings per share percentage growth will include a 10% currency headwind in addition to headwinds from acquisitions, divestitures and structural changes that will be about 3% to 4%.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

General

Higher Prices Energized Coca Cola's Q3 Financials

This story was first published on the&nbsp;<a href="https://in.benzinga.com/markets/equities/24/10/41349626/much-appreciated-elon-musk-cheers-indias-move-to-allocate-satellite-spectrum" target="_blank">Benzinga India portal.</a>
PepsiCo (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pep#NASDAQ">PEP</a>)&nbsp;and&nbsp;Coca-Cola&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ko#NYSE">KO</a>) are reportedly considering launching more affordable soft drinks, priced 15%-20% lower than their mainstream products, to target regional markets and counter the growing competition from Reliance Consumer Products&rsquo; Campa.
What Happened: Billionaire Mukesh Amabani-owned&nbsp;Reliance&#39;s aggressive pricing in its Campa brand and higher trade margins for retailers in a bid to gradually expand its distribution has prompted global cola giants, which have dominated the market with little competition outside regional players, to devise counter-strategies, including introducing cheaper alternatives &mdash; or B-brands &mdash; to protect the image and margins of their core products, the Economic Times reported, citing sources.
Ravi Jaipuria, chairman of&nbsp;Varun Beverages,&nbsp;PepsiCo&rsquo;s&nbsp;largest bottling partner in India, spoke with the business daily and acknowledged the pricing competition from Campa but stated that PepsiCo had not been significantly affected.&nbsp;
However, he noted that if necessary, PepsiCo would create a range of products to compete in the B-segment pricing space. &quot;They (Reliance) have a different play,&quot; Jaipuria said during a post-earnings analyst call, while also admitting that Campa poses &quot;formidable competition&quot; and could capture market share.
If you&rsquo;d like to be ahead&nbsp;of the curve on the Indian stock market, sign up for our Ring The Bell newsletter by&nbsp;<a href="https://share.hsforms.com/1K1H7Kd0aRhmSdDIuxTAkxg1npzh" rel="noopener noreferrer" target="_blank">clicking here</a>.
Can&#39;t Budge On Price:&nbsp;Global soft drink leader&nbsp;Coca-Cola&nbsp;is also stepping up its distribution efforts, particularly in tier-2 markets, by pushing returnable glass bottles priced at ₹10. The company is also preparing to launch regional brands, like RimZim jeera, which it had previously introduced on a smaller scale. This strategy is intended to protect the margins of its mainstream brands and prevent diluting their equity.
Campa is priced competitively, selling a 200-millilitre bottle for ₹10 (12 cents), while Coca-Cola and PepsiCo sell 250-millilitre bottles for ₹20 (24 cents). A 500-millilitre bottle of Campa costs ₹20, compared to ₹30 (36 cents) for Coca-Cola and ₹40 (48 cents) for Pepsi.
Though PepsiCo and Coca-Cola have not reduced prices directly, they have increased local promotions, cross-promotions and bundling on quick-commerce platforms to maintain competitiveness. Reducing the price of core brands would directly impact margins, a key part of their strategies, industry sources told ET. Additionally, any pricing decision would need to involve independent franchisee bottling partners.
Reliance Consumer has been offering distributors a 6%-8% margin, compared to the 3.5%-5% offered by other soft drink makers, which has had a disruptive impact on the competitiveness of other brands.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/10/41445075/after-bankruptcy-in-us-wework-plans-ipo-for-indian-arm-at-over-2b-valuation-report" rel="noopener noreferrer" target="_blank">After Bankruptcy In US, WeWork Plans IPO For Indian Arm At Over $2B Valuation: Report</a>

Retail Sales

Coca-Cola, Pepsi May Launch Budget Drinks In India To Fend Off Competition From India's Richest Man's Soft Drink Company: Report

On Wednesday,&nbsp;Coca-Cola Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) reported a third-quarter 2024 sales decline of 1% year-on-year to $11.9 billion, beating the analyst consensus&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41486650/coca-cola-q3-earnings-eps-beat-pricing-growth-offset-by-volume-decline-sees-10-q4-organic-revenue-g" rel="noreferrer noopener">estimate of $11.59 billion</a>.
Unit case volume declined by 1%. Growth led by Brazil, the Philippines, and Japan was more than offset by declines in China, Mexico, and Turkey.
Goldman Sachs highlighted that despite somewhat tempered investor expectations for the third quarter —partly due to PepsiCo Inc&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NYSE">PEP</a>) weaker-than-expected performance—Coca-Cola exceeded expectations again with strong results and an upbeat outlook.
Earlier this month, Pepsi&#8217;s reported mixed third-quarter&nbsp;results&nbsp;and lowered its 2024 <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41225048/pepsico-adjusts-2024-revenue-expectations-after-mixed-q3-performance-and-global-challenges" rel="noreferrer noopener">organic revenue guidance</a>.
The company reported a third-quarter net revenue decline of 0.6% year-over-year to $23.319 billion, with organic growth of 1.3%, falling short of the consensus estimate of $23.825 billion.
Coca-Cola forecasts 2024 organic revenue growth of approximately 10%, compared to prior guidance of 9%—10%.
The global beverage company expects to deliver adjusted EPS growth of 14% to 15% compared to prior <a href="https://www.benzinga.com/news/earnings/24/07/39904801/coca-colas-sweet-surge-q2-earnings-soar-raises-2024-forecasts" target="_blank" rel="noreferrer noopener">expectations of 13% to 15%</a>.
The analyst notes that Coca-Cola&#8217;s guidance is solid compared to its consumer packaged goods (CPG) peers, made even more impressive given that it&#8217;s following a couple of solid years.
Goldman Sachs believes Coca-Cola's guidance reflects strong consumer resilience and the company's solid performance despite a tough operating landscape. However, persistent foreign exchange challenges and slower reported dollar EPS growth this year—and likely next—could put short-term pressure on the stock.
&#8220;Bottom line &#8211; We remain impressed by KO's top-line momentum and execution in a very challenging environment, as it further positions itself well for healthy, sustainable, l.t. growth,&#8221; a Goldman Sachs analyst writes.
The analyst maintains a <a target="_blank" href="https://www.benzinga.com/quote/KO/analyst-ratings" rel="noreferrer noopener">Neutral rating on Coca-Cola</a>.
Price Action: KO stock is down 1.6% at $68.32 at last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/general/biotech/24/10/41493556/fda-approves-pfizers-respiratory-syncytial-virus-vaccine-abrysvo-for-adults-below-60-years" target="_blank" rel="noreferrer noopener">FDA Approves Pfizer&#8217;s Respiratory Syncytial Virus Vaccine Abrysvo For Adults Below 60 Years</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Earnings

Guidance

Movers

Coca-Cola Is Well-Positioned For Long-Term, Sustainable Growth, Says Goldman Sachs

Beverage giant Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) is set to report third-quarter financial results before the market opens <a href="https://www.benzinga.com/earnings">Wednesday, Oct. 23.</a>
Could the company's earnings highlight easing inflation and growth in international markets?
Earnings Estimates: Analysts expect Coca-Cola to report third-quarter revenue of $11.60 billion, compared to revenue of $11.95 billion in last year's third quarter, according to data <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1">from Benzinga Pro. </a>
The company has beaten analyst revenue estimates in more than 10 straight quarters.
Analysts expect the company to report third-quarter earnings per share of 74 cents per share, in line with last year's third-quarter total of 74 cents. The company has beaten analyst estimates for earnings per share in eight of the past 10 quarters, meeting expectations in the other two quarters. Earnings beat analyst estimates in the past two straight quarters.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/09/41018384/coca-colas-efforts-to-entice-gen-z-fall-flat-spiced-discontinued-after-just-6-months">Coca Cola&#8217;s Efforts To Entice Gen Z Fall Flat: Spiced Discontinued After Just 6 Months</a>
Key Items to Watch: Coca-Cola's earnings report comes weeks after beverage rival PepsiCo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) reported third-quarter results with an earnings per share beat and revenue miss.
Pepsi is more diversified outside of beverages in snacks and food, which could make Coca-Cola's report interesting for the beverage sector after Pepsi<a href="https://www.benzinga.com/news/earnings/24/10/41225048/pepsico-adjusts-2024-revenue-expectations-after-mixed-q3-performance-and-global-challenges"> lowered full-year revenue guidance.</a>
Coca-Cola raised earnings per share guidance and revenue guidance after <a href="https://www.benzinga.com/news/earnings/24/07/39904801/coca-colas-sweet-surge-q2-earnings-soar-raises-2024-forecasts">second-quarter results</a>. Keeping guidance intact or raising it again could have Coca-Cola more preferentially viewed to its beverage rival.
Coca-Cola stock is up 16% year-to-date in 2024, outperforming Pepsi, which is up less than 1% in 2024, but both stocks lag the overall S&amp;P 500, which is up over 23% on the year.
Inflation concerns and weight-loss drugs leading to cutbacks on carbonated beverages are among the headwinds Coca-Cola and Pepsi faced. With inflation easing according to reports, commentary from the beverage company on consumer demand and trends could be key for how the stock reacts Wednesday after the report.
One of the keys to Coca-Cola's earnings strength in the second quarter was the Europe, Middle East and Africa region, which had organic revenue up 30%, compared to a 10% increase in North America. Analysts and investors will be looking to see continued strength from Coca-Cola in international markets.
Other items to watch in the report include the impact<a href="https://www.benzinga.com/general/social-media/24/08/40174736/trump-vp-pick-j-d-vance-criticized-simone-biles-in-2020-for-her-weakest-moments-being-celebr"> from a sponsorship</a> of the 2024 Summer Olympics and how new partnerships like one with Oreo are helping sales momentum.
KO Price Action: Coca-Cola stock is up 0.14% to $69.55 on Tuesday versus a 52-week trading range of $54.04 to $73.53.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41451110/how-to-earn-500-a-month-from-coca-cola-stock-ahead-of-q3-earnings">How To Earn $500 A Month From Coca-Cola Stock Ahead Of Q3 Earnings</a></li>
</ul>
Photo: Shutterstock

Previews

Coca-Cola Q3 Earnings Preview: Can Beverage Giant Keep EPS, Revenue Beat Streaks Alive?

In a marked reversal, PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) says it will be adding more chips to some bags in a move designed to lure consumers who have grown <a href="https://www.benzinga.com/personal-finance/24/09/41027068/kevin-oleary-says-we-need-answers-not-kumbaya-politics-takes-aim-at-harris-for-offering-no-real-">tired of "shrinkflation." </a>
The Details: According to a CNN <a href="https://www.cnn.com/2024/10/16/business/tostitos-chips-shrinkflation-pepsi/index.html">report</a>, the largest snack manufacturer in the U.S. will fight back against the trend of smaller sizes at higher prices.&nbsp;
PepsiCo, which produces Lay's, Tostitos, Doritos and Ruffles brand snacks, will begin offering Tostitos and Ruffles "bonus" bags that contain 20% more chips for the same price as the standard size. The company will also be adding two additional chip bags to its 18-bag variety-pack option, the spokesperson told CNN. 
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41340022/amazon-analyst-expects-q3-earnings-with-revenue-growth-margin-expansion-relative-st">Amazon Analyst Expects Q3 Earnings With Revenue Growth, Margin Expansion, Relative Stable E-Commerce Demand</a>
TD Cowen analyst Robert Moskow said Pepsi's competitors will likely follow suit and increase the size of their packaging. The TD Cowen analyst highlighted increasing snack prices which have grown 36% since 2020, outpacing a 21% increase in overall grocery prices. 
The average price of 16-ounce potato chips in September 2024 was $6.46, up from $5.02 in September 2020, <a href="https://fred.stlouisfed.org/series/APU0000718311">according to the Bureau of Labor Statistics.</a>
Pepsi&#8217;s Profits Shrink: Cash-strapped consumers have reacted to the higher prices by purchasing fewer snacks.&nbsp; PepsiCo's snack sales fell 1% <a href="https://www.benzinga.com/news/earnings/24/10/41225048/pepsico-adjusts-2024-revenue-expectations-after-mixed-q3-performance-and-global-challenges">last quarter</a>, snack volumes dropped 1.5% and the company's third-quarter revenue was more than $500 million below the Street's estimate, according to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>.&nbsp;
Pepsi CEO Ramon Laguarta addressed the issue in the company's earnings call last week.&nbsp;
&#8220;The cumulative impacts of inflationary pressures and higher borrowing costs over the last few years have continued to impact consumer budgets and spending patterns,&#8221; Laguarta said.
PepsiCo is hoping to revive its snack food segment by providing more value to its customers in the form of more chips per bag.&nbsp;
PEP Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, PepsiCo shares ended Wednesday's session down 0.81% at $174.48. 
Read Also: 
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<li><a href="https://www.benzinga.com/government/24/10/41346351/cybersecurity-firm-warns-of-threats-to-2024-presidential-election-integrity">Cybersecurity Firm Warns Of Threats</a></li>
</ul>

Pepsi Fights Back Against Shrinkflation: Why Your Chip Bags Will Be Fuller In The Future

Financial giants have made a conspicuous bearish move on PepsiCo. Our analysis of options history for PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $166,071, and 4 were calls, valued at $434,375.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $155.0 to $200.0 for PepsiCo over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for PepsiCo's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across PepsiCo's significant trades, within a strike price range of $155.0 to $200.0, over the past month.
<h3>PepsiCo Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729105255_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$17.5</td>
<td>$16.95</td>
<td>$17.5</td>
<td>$170.00</td>
<td>$250.2K</td>
<td>233</td>
<td style="text-align: right;">143</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$3.05</td>
<td>$2.86</td>
<td>$2.9</td>
<td>$200.00</td>
<td>$87.0K</td>
<td>88</td>
<td style="text-align: right;">407</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.45</td>
<td>$5.4</td>
<td>$5.4</td>
<td>$175.00</td>
<td>$56.7K</td>
<td>3.6K</td>
<td style="text-align: right;">165</td>
</tr>
<tr>
<td>PEP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$8.15</td>
<td>$8.0</td>
<td>$8.15</td>
<td>$180.00</td>
<td>$50.5K</td>
<td>699</td>
<td style="text-align: right;">63</td>
</tr>
<tr>
<td>PEP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$8.65</td>
<td>$8.5</td>
<td>$8.55</td>
<td>$180.00</td>
<td>$42.7K</td>
<td>2.6K</td>
<td style="text-align: right;">50</td>
</tr>
</tbody>
</table>

<h3>About PepsiCo</h3>
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US and overseas. International markets make up 40% of total sales and one third of operating profits.
Having examined the options trading patterns of PepsiCo, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is PepsiCo Standing Right Now?</h3>
<ul>
<li>With a trading volume of 2,108,414, the price of PEP is down by -1.07%, reaching $174.02.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 114 days from now.</li>
</ul>
<h3>What The Experts Say On PepsiCo</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $183.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for PepsiCo, targeting a price of $183. 
&#x2A; Maintaining their stance, an analyst from Deutsche Bank continues to hold a Hold rating for PepsiCo, targeting a price of $179. 
&#x2A; Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on PepsiCo with a target price of $183. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for PepsiCo, targeting a price of $185. 
&#x2A; Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Equal-Weight with a new price target of $185.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for PepsiCo, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

This Is What Whales Are Betting On PepsiCo

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