Strong Buying Pressure In Pepsico (PEP)

Shares of Pepsico PEP have been moving steadily higher throughout the early trading session. Currently, the stock has gained 1.26% to $66.95. Pepsico (PEP) has been a very consistent performer over any meaningful time period. Year-to-date, the shares have gained over 10%. During the last 5 years PEP is up almost 20% and during the last decade the stock has gained more than 50% while the broader stock market has offered negative returns. PEP trades at a trailing P/E of 17.33. The company has a market cap of $106.50 billion. The median Wall Street price target for Pepsico is $74.00 with a high target of $76.00. The stock also offers a dividend yield of nearly 3%.