Goldman Sachs First Take on Pepsico (PEP) Q4 2023 Earnings: 'we think the stock will likely underperform today'

PepsiCo (PEP) raised to buy as Citi sees a good set-up

PepsiCo (NASDAQ: PEP) shares were raised to Buy from Neutral at Citi on Monday, with analyst Filippo Falorni raising the price target to $195 from $180 per share.

Faloni told investors that his firm believes the lowered 2024 organic sales growth (OSG) bar... More

Deutsche Bank Cautious on Pepsico (PEP), 'Waiting Game'

Deutsche Bank analyst Steve Powers reiterated a Hold rating and $184.00 price target on Pepsico (NASDAQ: PEP).

The analyst comments "A weaker finish to FY23 (which confirmed the known deceleration in FLNA/PBNA and discrete challenges from the QFNA recall), together with reduced organic growth guidance in FY24 (now 4%+ vs. 6% prior), contributed to market skepticism today (given a back-half skew of PEP's outlook and PEP's commentary around a current slowdown in food/beverage category growth in the US). In all, this resulted in PEP's shares underperforming the market by -4 pts (-3.6%... More

Citi Upgrades Pepsico (PEP) to Buy, 'Lowered FY’24 OSG Bar Creates Good Set-Up'

Citi analyst Filippo Falorni upgraded Pepsico (NASDAQ: PEP) from Neutral to Buy with a price target of $195.00 (from $180.00).

The analyst comments "Were upgrading PepsiCo (PEP) to Buy from Neutral. PEP has been a heavily debated stock over the last six months after... More

CFRA Downgrades Pepsico (PEP) to Buy on 'near-term concerns related to slowing earnings growth'

CFRA analyst Garrett Nelson downgraded Pepsico (NASDAQ: PEP) from Strong Buy to Buy with a price target of $210.00 (from $200.00).

The analyst commented: "The beat was driven by a lower-than-expected tax rate, as net revenue fell 0.5% to $27.85B ($520M short of consensus) as... More

Evercore ISI Recap on Pepsico (PEP) Q4 2023 Earnings

Evercore ISI analyst Robert Ottenstein reiterated an In Line rating and $180.00 price target on Pepsico (NASDAQ: PEP)

The analyst comments "PEP reported 4Q23 EPS of $1.78 vs. Street $1.72, as weaker than expected volumes were more than offset by OM% beat. Organic revenue +4.5% vs. Street +6.2%, with pricing +9% vs. Street +8.1% and volume -4% below Street -2.0%. Convenient foods... More

Deutsche Bank First Take on Pepsico (PEP) Q4 2023 Earnings: 'we expect shares could finish more neutrally'

Deutsche Bank analyst Steve Powers reiterated a Hold rating and $184.00 price target on Pepsico (NASDAQ: PEP)

The analyst comments "While PEP shares are indicating down in pre-market (partially reversing strength seen over the last two weeks into results), we expect shares could finish more neutrally (as consensus EPS estimates for FY24 are likely to... More

Futures tick higher amid earnings deluge, revised 2023 inflation data

Investing.com -- Stock futures on Wall Street inched up on Friday, as investors parsed through a busy week of quarterly corporate results and awaited an updated reading of U.S. inflation in 2023.

By 07:33 ET (12:33 GMT), the S&P 500 futures contract had added 9 points or 0.2%, Nasdaq 100 futures had gained 70 points or 0.4%, and Dow futures were mostly unchanged.

On Thursday, the three main averages closed in the green. The benchmark S&P 500 ended up by 0.1% after momentarily breaching the 5,000-point milestone, while the tech-heavy Nasdaq Composite advanced by 0.2% and the blue-chip Dow Jones... More

PepsiCo forecasts 2024 revenue growth of 4%, below estimates

(Updated - February 9, 2024 7:10 AM EST)

Investing.com -- PepsiCo (NASDAQ: PEP) has unveiled a full-year forecast for organic revenue growth of at least 4%, below Bloomberg consensus expectations of 5.2%, as the food and beverage group flagged waning benefits from elevated prices.

Soaring... More

PepsiCo (PEP) Tops Q4 EPS by 6c; offers guidance & outlook

PepsiCo (NASDAQ: PEP) reported Q4 EPS of $1.78, $0.06 better than the analyst estimate of $1.72. Revenue for the quarter came in at $27.85 billion versus the consensus estimate of $28.38 billion.

GUIDANCE:
The Company provides guidance on a non-GAAP basis as we cannot predict... More

PepsiCo signals demand hit from price hikes with rare sales decline

By Ananya Mariam Rajesh

(Reuters) -PepsiCo on Friday reported a surprise drop in quarterly sales and forecast a sharp slowdown in organic revenue growth for 2024 as multiple price hikes weigh on demand for its beverages and chips, sending its shares down as much as 4%.

The company said demand has started to wane mainly in the U.S., where consumers are balking at higher prices for sodas and snacks after two years of PepsiCo passing on higher production costs to customers to shield its margins.

PepsiCo (PEP) February weekly 172.50 straddle into quarter results

PepsiCo (NASDAQ: PEP) February weekly 172.50 straddle priced for a move of 3% into the expected release of quarter results today before the bell.

PepsiCo (PEP) option IV elevated into quarter results

PepsiCo (NASDAQ: PEP) February weekly call option implied volatility is at 55, February is at 27; compared to its 52-week range of 12 to 26 into the expected release of quarter results before the bell on February 9.

PepsiCo (PEP) February weekly 172.50 straddle priced into quarter results

PepsiCo (NASDAQ: PEP) February weekly 172.50 straddle priced for a move of 2.5% into the expected release of quarter results before the bell on February 9.