Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for PepsiCo Inc (NASDAQ: PEP) improved of late. PEP’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 6/14/24, PepsiCo Inc (NASDAQ: PEP) stock rose slightly by 0.3%, closing at $163.81. However, trading volume in this advance was below average at 73% of normal. The stock has performed in line with the market over the last nine months and has declined -5.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PEP is expected to continue to be a major Value Builder.
PepsiCo has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. PepsiCo has a slightly negative Appreciation Score of 34 and a neutral Power Rating of 54, triggering the Low Neutral Value Trend Rating.
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