Pepsico (PEP) PT Lowered to $183 at JPMorgan

TD Cowen Downgrades Pepsico (PEP) to Hold

TD Cowen analyst Robert Moskow downgraded Pepsico (NASDAQ: PEP) from Buy to Hold with a price target of $183.00 (from $190.00).

The analyst comments "We downgrade PepsiCo to Hold and reduce our PT to $183. While we continue to view PEP as a top-tier CPG... More

Wells Fargo Reiterates Equal Weight Rating on Pepsico (PEP)

Wells Fargo analyst Chris Carey reiterated an Equal Weight rating and $170.00 price target on Pepsico (NASDAQ: PEP).

The analyst comments "2025 - "optimism" vs "overhang" debate. PEP said 1) it didn't expect category growth to stay +1% into 2025, 2) it'd leverage PBNA/Int'l margins (productivity) to offset profit headwinds in FLNA, in our view, suggesting mgmt sees 2025 profit growth (even EPS +8%?) in scope. On the surface, positive (no EPS cuts per se); in reality, we have a feeling this "2025 optimism" could morph into a "2025 overhang" debate if trends don't improve, i.e., "could PEP guide... More

Goldman Sachs Reiterates Buy Rating on Pepsico (PEP)

Goldman Sachs analyst Bonnie Herzog reiterated a Buy rating and $192.00 price target on Pepsico (NASDAQ: PEP).

The analyst comments "Our View - PEP delivered mixed Q3 results, with softer than expected organic revenue growth that was more than offset by strong gross margin expansion, leading to a slight EPS beat relative... More

Jefferies Reiterates Buy Rating on Pepsico (PEP)

Jefferies analyst Kaumil Gajrawala reiterated a Buy rating and $198.00 price target on Pepsico (NASDAQ: PEP).

The analyst commented: "EPS slightly beat by 2c. Organic (+1%) misses and topline guidance was lowered to LSD. This appeared largely expected by the market (below cons).... More

PepsiCo Q3 revenue misses, lowers 2024 organic growth outlook

Investing.com -- PepsiCo, Inc. reported third-quarter earnings that beat analyst expectations, but revenue fell short of estimates as the company faced subdued category performance in North America and international business disruptions. The beverage and snack giant also lowered its full-year organic revenue growth forecast.

PepsiCo (NASDAQ: PEP) posted adjusted earnings per... More

Stocks expected to have increasing option volume: PEP TSLA AMD GM HD LOW GNRC TRV ALL

Stocks expected to have increasing option volume: PEP TSLA AMD GM HD LOW GNRC TRV ALL

PepsiCo trims sales forecast as customers tighten purse strings on snacks, sodas

By Savyata Mishra

(Reuters) -PepsiCo cut its forecast for annual sales growth on Tuesday as picky consumers in North America limit their spending on sodas and savory snacks, while opting for cheaper private-label brands.

The company, whose brands include Mountain Dew, 7up and Lays, now expects organic sales to grow in a low single-digit range for fiscal 2024. It had previously forecast a 4% rise.

"The cumulative impacts of inflationary pressures and higher borrowing costs over the last few years have continued to impact consumer budgets and... More

PepsiCo (PEP) Announces Retirement of Principal Accounting Officer

On October 4, 2024, Marie T. Gallagher, Senior Vice President and Controller (Principal Accounting Officer), notified PepsiCo (NASDAQ: PEP) of her intent to retire from PepsiCo. Ms. Gallaghers retirement will be effective May 3, 2025. Ms. Gallaghers retirement is not a result of any disagreement with... More

PepsiCo (PEP) Tops Q3 EPS by 2c; reaffirms guidance

PepsiCo (NASDAQ: PEP) reported Q3 EPS of $2.31, $0.02 better than the analyst estimate of $2.29. Revenue for the quarter came in at $23.32 billion versus the consensus estimate of $23.9 billion.

GUIDANCE:

PepsiCo sees FY2024 EPS of $8.15, versus the consensus of $8.14.

For earnings history and earnings-related data on PepsiCo (PEP) click here.

Pepsico is about to report earnings. Here’s what to expect

As PepsiCo prepares to report its earnings for the third quarter of 2024, analysts are setting tempered expectations. RBC Capital Markets notes that while PepsiCo has shown consistent performance, the current outlook appears modest.

PepsiCo is expected to post in-line earnings, with little room for upside in this quarter. The company's topline growth is likely to remain constrained, especially in the domestic market, where volume pressures persist across its key product categories.

International markets are expected to be the primary growth driver, but domestic operations continue to show sluggish trends.

The Frito-Lay division has seen some sequential... More

Barclays Reiterates Overweight Rating on Pepsico (PEP)

Barclays analyst Lauren Lieberman reiterated an Overweight rating and $186.00 price target on Pepsico (NASDAQ: PEP).

The analyst comments "PEP is widely expected to have to cut its FY24 organic sales guide from the current ~4% outlook in light of what clearly... More

PepsiCo (PEP) call put ratio 1 call to 1 put into quarter results

PepsiCo (NASDAQ: PEP) October 11 weekly call option implied volatility is at 39, October is at 28; compared to its 52-week range of 13 to 26 into the expected release of quarter results before the bell on October 8. Call put ratio 1 call to 1 put.

PepsiCo (PEP) call put ratio 1.7 calls to 1 put into quarter results

PepsiCo (NASDAQ: PEP) October 11 weekly 170 straddle priced for a move of 4% into the expected release of quarter results before the bell on October 8.