PepsiCo’s Indra Nooyi Is Stepping Down

In the past two years, big time companies such as Coca-Cola, Mondelez, Kellog, Campbell Soup, Tyson Foods, Hain Celestial, General Mills, Nestle USA, Hersey, J.M. Smucker, Hormel, Dean Foods and now PepsiCo have changed CEOs. But this is no ordinary CEO stepping down in October. This is Indra Nooyi, a women CEO running a Fortune 100 company, an endangered species in Corporate America. The percentage of female CEOs in the Fortune 500 has climbed slowly over the years to 25 and broke the 5% mark just last year, according to Catalyst. However, Nooyi is the latest female chief executive to step down, following Mondelez CEO Irene Rosenfeld last year and Campbell CEO Denise Morrison earlier this year within the food industry.

Source Image

Nooyi began her career in India with positions at companies including Johnson & Johnson, but has spent the last 24 years at PepsiCo Inc. in various positions within the company. Nooyi, who took over as chief executive of PepsiCo in 2006, introduced a line of “better for you” foods like Baked Lay’s and Naked juices.

During her tenure PepsiCo’s stock has increased about 80% despite thepackaged food industry having to adapted to millennials' preferences, increased raw material cost, revenues shrinking so more importantly, etc.

So where is the price heading next, lets go to the charts.

Monthly Chart (Curve Timeframe) - the monthly demand is at $95 and monthly supply is at $121.

Weekly Chart (Trend Timeframe) – price break the downtrend line in early June and has not looked back since. However, it’s approaching the monthly supply zone.

Daily Chart (Entry) – price is approaching a daily supply zone at $120 within a monthly supply zone, so the chart suggest PepsiCo is a short once price enters and leaves the monthly supply zone.

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

---

Published on

by rollandthomas

---