PepsiCo (PEP), despite underperforming the market, has been strengthening its ownership structure by securing full ownership of Sabra and Obela, and initiating talks to acquire Siete Foods. Despite market fluctuations, the firm raised its quarterly dividend by 7%, marking a 52nd consecutive annual increase. Amid controversy over Subway’s shift to Pepsi drinks, it emerged as a top pick in the cookies and crackers sector. Amidst critics questioning the appeal of its dividend stocks, PEP has displayed resilience, signalling a strong growth potential. PEP's resilience in a challenging business climate underscored by its ability to beat Q3 Earnings Estimates has attracted investors' attention. Its innovative ESG efforts, with the introduction of PepsiCo Positive (pep+), added value to its profile. However, the stock's price suffered from market volatility and underperformed despite beating Q3 Revenue Estimates. Despite these challenges, PEP continues to show promise as a good long-term investment and a choice food stock pick for hedge funds.
Pepsico PEP News Analytics from Fri, 26 Apr 2024 07:00:00 GMT to Tue, 24 Dec 2024 22:45:21 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor -2
