PepsiCo Suspends Soda Sales in Russia

Year-over-year, PEP is up 20%

Digital Content Manager
Mar 9, 2022 at 9:56 AM
facebook twitter linkedin


PepsiCo, Inc. (NASDAQ:PEPannounced yesterday it suspended soda sales in Russia, amid the country's invasion of Ukraine. The company said it will continue to sell daily items, though, including milk, dairy products, baby formula, and food. The Wall Street Journal also reported that PepsiCo is considering writing off the value of its Russian unit. At last check, PEP was up 0.2% to trade at $158.23.

On the charts, PepsiCo stock lost long-time support at the 80-day moving average in mid-February, after pulling back from a Jan. 21, all-time high of $177.24. The shares appear to have found a floor at the $158 area, though they are still trading at their lowest level since late November. Year-over-year, PEP sports a 20% lead.

Analysts remain bullish towards the equity, with nine of the 11 in question calling it a "strong buy," while two say "hold." What's more, the 12-month consensus target price of $180.05 is a 13.5% premium to current levels.

At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), PepsiCo stock sports a 10-day put/call volume ratio of 0.87 that sits higher than 84% of readings from the past year. So, while calls outnumbered puts on an overall basis, the latter have been picked up at a much quicker-than-usual clip over the last two weeks.

 

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners