PepsiCo(PEP) Benzinga·2024-09-05 17:25Core Viewpoint - PepsiCo Inc. is experiencing bullish momentum in the stock market, indicated by a Golden Cross pattern, which suggests potential upward movement in its stock price [1][2][3]. Group 1: Stock Performance - PepsiCo's stock has risen by 2.77% over the past year and 3.51% year-to-date, but it has underperformed compared to the S&P 500, which has increased by 15.9% year-to-date [2]. - The stock is currently trading at $178.52, which is 3.2% below its 52-week high of $183.41 reached in May [2]. - The stock's 50-day moving average is $170.43, and the 200-day moving average is $170.21, indicating a bullish technical signal as the 50-day average crosses above the 200-day average [1]. Group 2: Company Overview - PepsiCo has a market capitalization of $245.16 billion and is known for its popular brands such as Pepsi, Lay's, and Gatorade [4]. - The company offers a stable dividend yield of 3.04%, which has been increased for 52 consecutive years, making it attractive to long-term investors [4]. - Despite recent volatility, the Golden Cross pattern suggests a potential turnaround for the stock, which has been trading below its 50-day moving average since mid-July [3]. Group 3: Competitive Landscape - While Coca-Cola has outperformed PepsiCo on a year-to-date basis, the recent bullish signals for Pepsi indicate it may be a worthwhile investment opportunity [5]. - The stock is currently in correction territory, and technical indicators suggest bullish momentum, making it an opportune time for investors to consider [5].