Looking At PepsiCo's Recent Unusual Options Activity

Whales with a lot of money to spend have taken a noticeably bearish stance on PepsiCo.

Looking at options history for PepsiCo PEP we detected 21 trades.

If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $529,925 and 17, calls, for a total amount of $1,308,765.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $135.0 and $152.5 for PepsiCo, spanning the last three months.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for PepsiCo's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of PepsiCo's whale trades within a strike price range from $135.0 to $152.5 in the last 30 days.

PepsiCo Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About PepsiCo

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.

Following our analysis of the options activities associated with PepsiCo, we pivot to a closer look at the company's own performance.

PepsiCo's Current Market Status

• Trading volume stands at 1,778,306, with PEP's price up by 0.13%, positioned at $146.46.
• RSI indicators show the stock to be may be oversold.
• Earnings announcement expected in 28 days.

What Analysts Are Saying About PepsiCo

3 market experts have recently issued ratings for this stock, with a consensus target price of $170.0.

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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. Click here for access. * Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for PepsiCo, targeting a price of $155. * Showing optimism, an analyst from Deutsche Bank upgrades its rating to Buy with a revised price target of $184. * An analyst from Piper Sandler downgraded its action to Overweight with a price target of $171.

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