PepsiCo (PEP) has emerged as a favorite among hedge funds and is being praised for its strong dividend yield, despite some concerns around slow demand in North America. It has recently declared a quarterly dividend and there are promises of a further 5% hike in 2025. Various investment firms, both small and large, have bought shares in PepsiCo. Despite earnings surpassing estimates, its share price dropped slightly.
A decline in demand for drinks and snacks in North America has been noted. Its current CEO has commented on the impact of tariffs. The company has sounded an alarm on changes in consumer behavior. The possibility of adding healthier snack alternatives to combat organic sales challenges is being considered.
PepsiCo's Q4 Earnings Report showed key metrics in line with Wall Street estimates. Citigroup has adjusted its price target for PEP to $170. A partnership with Kroger has also been announced to uplift National Family Meals Month. However, the company's Q4 Revenue missed estimates owing to a recall from Quaker and geopolitics.
Pepsico PEP News Analytics from Mon, 13 Jan 2025 08:00:00 GMT to Sat, 08 Feb 2025 23:06:18 GMT - Rating 0 - Innovation -4 - Information 6 - Rumor -2
