PepsiCo (PEP) has seen a mix of
gains and
drops recently. The Q1 2024
earnings beat market expectations, yet
recalls and a weaker lower-income consumer base tempered U.S. sales. Despite beating Q1 expectations, the stock fell, reigniting the debate if it is still a buy. The company's stock fell by about 6% in four weeks, yet analysts view it as ripe for a
turnaround.
International growth boosted sales estimates while dividend payouts are expected to be more substantial than the previous year. Investors heavily searched for PepsiCo (PEP), signifying strong a market interest. The Q1 2024 earnings aligned with analyst
EPS projections while revenues exceeded projections. There's optimism around PepsiCo's cost-saving initiatives, and reliance on
International Revenue. Despite beating market upswing, the stock dipped, raising questions if it's a risky investment. Meanwhile, PepsiCo
replaced Coca-Cola at Subway's U.S. locations, indicating a positive shift for the company. The company was also in the news for its
Doritos side dish concept and CFO's retirement. Despite uncertainties, PepsiCo is considered a
growth stock and a potential long-term investment.
Pepsico PEP News Analytics from Tue, 10 Oct 2023 07:00:00 GMT to Wed, 08 May 2024 16:03:59 GMT -
Rating 5
- Innovation 2
- Information 6
- Rumor 2
