Loading... Loading... Goldman Sachs analyst Bonnie Herzog reiterated a Buy rating on the shares of PepsiCo Inc PEP with a price target of $195. PEP delivered mixed second-quarter results, with softer-than-expected organic revenue growth that was more than offset by strong gross margin expansion, leading to an EPS beat, said the analyst. According to the analyst, organic volumes were under a bit more pressure than expected, down -3%, and were sequentially lower. The Frito Lays North America segment results w ...

By clicking "Sign Up", you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Access your favorite topics in a personalized feed while you're on the go. download the app Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Snack costs might have finally hit a turning point after years of price increases, the parent company of ...

PepsiCo (PEP) reported $22.5 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.8%. EPS of $2.28 for the same period compares to $2.09 a year ago. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. View all Key Company Metrics for PepsiCo here>>> The reported revenue represents a surprise of -0.25% over the Zacks Consen ...

PepsiCo (PEP) shares slipped in intraday trading Thursday after the company delivered mixed second-quarter results and lowered its full-year organic growth outlook. In prepared remarks, PepsiCo management discussed the impact of rising costs on consumers' ability to spend. Shares of PepsiCo slipped 1% to $162.03 as of 10:40 a.m. ET Thursday. They are down about 4.5% this year. PepsiCo reported second-quarter results that beat analysts' profit expectations but missed on revenue. The company also lowered its ...

PepsiCo (PEP) came out with quarterly earnings of $2.28 per share, beating the Zacks Consensus Estimate of $2.15 per share. This compares to earnings of $2.09 per share a year ago. These figures are adjusted for nonrecurring items. Over the last four quarters, the company has surpassed consensus EPS estimates four times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earni ...

Financial Performance - Organic revenue growth for Q2 2024 was 1.9%, with year-to-date growth at 2.3%[2] - Core EPS for Q2 2024 was $2.28, reflecting a 10% increase in constant currency compared to the previous year[2] - Net revenue growth for Q2 2024 was 0.8%, with a year-to-date growth of 1.5%[10] - Total net revenue for Q2 2024 was $22.501 billion, compared to $22.322 billion in Q2 2023[17] - The total operating profit increased by 8% year-over-year, with a net income attributable to PepsiCo rising by 10%[31] - Net income attributable to PepsiCo for the 12 weeks ended June 15, 2024, was $3,083 million, up from $2,748 million in the prior year, marking a year-over-year increase of 12.2%[43] - The company reported a gross profit of $12,582 million for the 12 weeks ended June 15, 2024, compared to $12,201 million for the same period last year, indicating a growth of 3.1%[43] - The reported diluted EPS for fiscal 2023 was $6.56, with a core diluted EPS of $7.62, indicating a significant increase[81] - Net income attributable to PepsiCo per common share was $2.23, compared to $1.99 in the previous year[99] Revenue by Segment - Frito-Lay North America reported a 3% decline in organic revenue, while PepsiCo Beverages North America saw a 17% increase[4] - Frito-Lay North America reported a year-over-year revenue change of (0.5)% with an organic volume change of (4) million[29] - Quaker Foods North America experienced a significant decline in revenue, down 18% year-over-year, with an organic volume change of (17) million[29] - PepsiCo Beverages North America achieved a 1% year-over-year revenue increase, with an organic volume change of (3.5) million[29] - Latin America reported a 7% year-over-year revenue increase, with an organic volume change of (5) million[29] - Europe saw a 2.5% year-over-year revenue increase, with an organic volume change of 2 million[29] - The Quaker Foods North America segment experienced a significant decline in revenue, down 34% year-over-year[56] - The Europe segment reported a revenue increase of 30% year-over-year, driven by strong performance in the region[56] Profitability and Expenses - Operating profit for Q2 2024 was $4.048 billion, up from $3.659 billion in Q2 2023[17] - Selling, general, and administrative expenses were $8,534 million for the 12 weeks ended June 15, 2024, slightly down from $8,542 million in the same period last year[43] - The effective tax rate for the reported net income attributable to PepsiCo was 21.5%[36] - The effective tax rate for the 12 weeks ended June 15, 2024, was 20.1%[60] - Operating profit increased to $4,048 million for the 12 weeks ended June 15, 2024, compared to $3,659 million for the same period last year, reflecting a growth of 10.7%[43] Future Outlook - The company expects core EPS for 2024 to be at least $8.15, a 7% increase from 2023's core EPS of $7.62[15] - PepsiCo expects approximately 4 percent organic revenue growth for full-year 2024, previously estimated at least 4 percent[94] - The company anticipates at least 8 percent core constant currency EPS growth for full-year 2024[98] - For 2024, the company expects total cash returns to shareholders of approximately $8.2 billion, including dividends of $7.2 billion and share repurchases of $1.0 billion[42] - The company anticipates continued growth in emerging markets, despite potential risks from geopolitical conditions and supply chain disruptions[82] Strategic Initiatives - The company continues to focus on strategic initiatives, including market expansion and product innovation, to drive future growth[11] - PepsiCo is investing in new technologies aimed at enhancing supply chain efficiency, with an expected reduction in operational costs by 5%[112] - The company plans to expand its market presence in Asia, targeting a 20% increase in market share over the next two years[112] - Recent acquisitions are expected to contribute an additional $1 billion in revenue, enhancing the overall portfolio[112] - The introduction of healthier snack options is anticipated to capture a growing segment of health-conscious consumers, with a target growth rate of 10% in this category[112] - PepsiCo aims to achieve a 25% reduction in greenhouse gas emissions by 2025 as part of its sustainability initiatives[112] Market Performance - The company highlighted a significant increase in user data, with a 15% rise in active customers compared to the previous year[112] - Future outlook includes a projected revenue growth of 8% for the upcoming fiscal year, driven by new product launches and market expansion strategies[112]

Loading... "Markets have memories" is an old Wall Street expression — and it's true. It means an important price level can retain its importance for a long time. As you can see on the chart, this is the case with the $162.00 level for PepsiCo Inc PEP. It had support in March and June. Now the shares are testing this level again. Sometimes stocks rally after they fall to a support level. It happened with PepsiCo these last two times and it may be about to happen once more. That's why our team of trading expe ...

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. ...

In Pictures via Getty Images Firstly, let us look at PEP stock performance in recent years. PEP stock has witnessed marginal gains from levels of $150 in early January 2021 to around $160 now, vs. an increase of about 45% for the S&P 500 over this roughly three-year period. Overall, the performance of PEP stock with respect to the index has been quite volatile. Returns for the stock were 17% in 2021, 4% in 2022, and -6% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and ...

The company isn't a popular investment just now, but this provides a decent buying opportunity for bargain hunters. As often happens when a prominent company is about to publish a quarterly earnings report, analysts have been adjusting their price targets in anticipation. In this case, it's PepsiCo (PEP -0.14%). Evaluations of the big beverage and snack food conglomerate run the gamut from poor to excellent, and one of the more optimistic takes on the company's stock anticipates a double-digit percentage up ...