PepsiCo Reports First Quarter 2017 Results; Reaffirms 2017 Financial Targets

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Pepsico (PEP) PT Raised to $134 at Susquehanna

April 26, 2017 1:14 PM EDT

Susquehanna raised its price target on Pepsico (NYSE: PEP) to $134.00 (from $132.00) while maintaining a Positive rating following Q1 results today.

Analyst Pablo Zuanic notes an improved FX outlook. He also notes KO trades at an 18% peer premium vs. 2% for PEP, and thinks... More

Pepsi (PEP) Tops Q1 EPS by 3c

April 26, 2017 6:03 AM EDT

Pepsi (NYSE: PEP) reported Q1 EPS of $0.94, $0.03 better than the analyst estimate of $0.91. Revenue for the quarter came in at $12.05 billion versus the consensus estimate of $11.98 billion.

"We achieved solid revenue growth in the first quarter underpinned by global volume growth and positive net... More