PepsiCo sees strong annual profit as snacks, sodas thrive in pandemic

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Go back to PepsiCo sees strong annual profit as snacks, sodas thrive in pandemic

Argus Reiterates Buy Rating on Pepsico (PEP)

October 2, 2020 7:23 AM EDT

Argus analyst John Staszak reiterated a Buy rating and $164.00 price target on Pepsico (NASDAQ: PEP) following the company's 3Q earnings report. PepsiCo reported third-quarter revenue of $18.1 billion, above the consensus estimate of $17.2 billion. Adjusted EPS came to $1.66, a dime above consensus. The earnings beat reflects higher-than-anticipated... More