PepsiCo (PEP) is nearing its Q3 earnings announcement with anticipation running high among investors. The company’s EPS streak is potentially under threat this quarter. It recently grabbed headlines with its major acquisition of Siete Foods, a popular brand, at $1.2 billion, bolstering its health snacks portfolio. This move, aimed at the Mexican-American food category, caused some concerns among consumers. Nonetheless, the beverage giant seems strongly backed by institutional investors, owning 76% of the company’s stock. However, there are some worries as the company’s stock dipped recently, trailing the broader market. Questions are now shifting towards its strategic plans for future periods. Recently, Bank of America adjusted its stock price target for PepsiCo and downgraded earnings estimates. But PepsiCo has been praised for its approach combining growth, dividends, and stability. Despite weaker-than-expected earnings in Q2, the defensive stock still receives positive sentiment on the market. The stock is considered a good investment by brokers with strong attention from potential investors. However, concerns about U.S. demand weakening persist after the earnings beat estimates but fell short due to product recalls and weaker lower-income consumer sales.
Pepsico PEP News Analytics from Tue, 23 Apr 2024 07:00:00 GMT to Sat, 05 Oct 2024 15:00:53 GMT -
Rating -2
- Innovation 1
- Information 6
- Rumor -4
