A comprehensive overview of financial activity around PepsiCo (PEP) this period reveals a flurry of trading with some large holdings being both sold and acquired. Key players such as Meyer Handelman Co., Gulf International Bank, Churchill Management Corp, RFG Advisory LLC and GAMMA Investing LLC are maintaining significant positions in PepsiCo. PEP stocks have experienced gains but have lagged behind overall market performance. Announced Q1 earnings outperformed estimates but weak U.S. sales due to product recalls and weaker lower-income consumer impacted performance. Moreover, PepsiCo's stock saw a dip despite results beating expectations. Internationally, PepsiCo has seen robust growth, particularly as U.S. sales drop. PepsiCo's productivity and cost-saving initiatives and its potential buyout of Vita Coco owner are noted. Expected earnings growth is anticipated to continue benefitting the stock. Notably, Pepsico is strategising to replace Coca-Cola at Subway’s US locations as it carries out innovative strategies to bolster its market standing.
Pepsico PEP News Analytics from Tue, 10 Oct 2023 07:00:00 GMT to Sun, 23 Jun 2024 16:14:49 GMT -
Innovation 2
- Rumor -2
