This Is What Whales Are Betting On PepsiCo
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bullish stance on PepsiCo (NASDAQ:PEP), with 63% of investors opening trades with bullish expectations and 36% with bearish. The targeted price range for PepsiCo over the last 3 months is $135.0 to $165.0. The current price of PEP is up 1.0% at $164.92. DZ Bank upgraded its action to Buy with a price target of $187, while RBC Capital downgraded its action to Sector Perform with a price target of $180. Wells Fargo, Morgan Stanley, and Wedbush have maintained their ratings with price targets of $170, $190, and $195 respectively.
November 01, 2023 | 5:32 pm
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Bullish stance on PepsiCo with a targeted price range of $135.0 to $165.0. Current price is up 1.0% at $164.92. DZ Bank upgraded to Buy, RBC Capital downgraded to Sector Perform, and Wells Fargo, Morgan Stanley, and Wedbush maintained their ratings.
The bullish stance by a significant investor and the positive ratings from multiple banks indicate a positive short-term impact on PepsiCo's stock. The current price increase also supports this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100