Watch for Continued Gains in Shares of PepsiCo Inc. (PEP)

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PepsiCo Inc. PEP traded at a new 12-month high today of $176.88. Approximately 337,000 shares have changed hands today, as compared to an average 30-day volume of 4.8 million shares.

PepsiCo Inc. defies analysts with a current price ($175.74) 13.2% above its average consensus price target of $152.58.

In the past 12 months, shares of PepsiCo Inc. have traded between a low of $128.32 and a high of $176.88 and are now at $175.74, which is 37% above that low price.

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.

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