PepsiCo Reports Third Quarter 2018 Results

Pepsico (PEP) PT Lowered to $116 at Deutsche Bank Following 3Q

Deutsche Bank analyst Steve Powers lowered the price target on Pepsico (NASDAQ: PEP) to $116.00 (from $118.00) while maintaining a Hold rating following 3Q report. Organic growth of +5% came in ahead of expectations (DB +4.1%/Street +3.2%), driven by robust emerging market results. Organic growth for FLNA (+3%) and... More

Pepsico (PEP) PT Lowered to $116 at Citi Following 3Q

Citi analyst Wendy Nicholson lowered the price target on Pepsico (NASDAQ: PEP) to $116.00 (from $118.00) while maintaining a Neutral rating following 3Q. PEP reported EPS of $1.59, which was two cents above consensus, driven by slightly higher-than-expected net sales growth and a much... More

Pepsico (PEP) PT Raised to $115 at RBC Capital

RBC Capital analyst Nik Modi raised the price target on Pepsico (NASDAQ: PEP) to $115.00 (from $111.00) while maintaining a Sector Perform rating following results.

Modi noted organic growth +5% was an encouraging beat and acceleration from 1H18, but this spike in growth was not cheap with operating margin contracting 70 bps Y/Y.

Pepsico (PEP) PT Lowered to $133 at Susquehanna

Susquehanna analyst Pablo Zuanic lowered the price target on Pepsico (NASDAQ: PEP) to $133.00 (from $135.00) while maintaining a Positive rating.

Zuanic notes EBIT miss in 3Q, guidance tweak pointing to some margin pressure in 2H, and the uncertainty from a new CEO starting... More

PepsiCo (PEP) Tops Q3 EPS by 1c, Revenues Beat; Offers FY19 EPS Outlook Below Consensus

PepsiCo (NASDAQ: PEP) reported Q3 EPS of $1.59, $0.01 better than the analyst estimate of $1.58. Revenue for the quarter came in at $16.49 billion versus the consensus estimate of $16.38 billion.

We are pleased with our results for the third quarter, said Chairman and CEO Indra Nooyi. We... More