Investors might want to bet on PepsiCo (PEP) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual investors ofte ...

The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. PepsiCo (PEP) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.PepsiCo is a member of the Consumer Staples sector. This group inc ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about PepsiCo (PEP) .PepsiCo currently has an average brokerage recommendation ( ...

NEW YORK, NEW YORK - FEBRUARY 09: Cans of Pepsi soda are seen on display at a Target store on ... [+] February 09, 2024 in the Flatbush neighborhood of Brooklyn borough New York City. (Photo by Michael M. Santiago/Getty Images)Getty ImagesPepsiCo PepsiCo (NYSE: PEP) recently reported its Q1 results, with revenues and earnings exceeding our estimates. The company reported revenue of $18.3 billion and adjusted earnings of $1.61 per share, compared to our estimates of $18.2 billion and $1.55, respectively. The ...

Did you analyze how PepsiCo (PEP) fared in its international operations for the quarter ending March 2024? Given the widespread global presence of this food and beverage company, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has become essentia ...

The star takes center stage in upcoming football campaign as Pepsi® continues to unlock enjoyment for fans Jack joins Pepsi's star-studded group of global brand ambassadors, including Vini Jr., Son Heung-min and Leah Williamson LONDON, April 26, 2024 /PRNewswire/ -- Pepsi has today unveiled the signing of its latest global brand ambassador, Jack Grealish, on a multi-year deal.Jack will take centre stage in Pepsi's soon-to-be-announced global football campaign. The campaign will build on Pepsi's signature a ...

Morgan Stanley sees more upside to the beverage stock.Shares of PepsiCo (PEP 3.62%) were on the rebound today, just one day after the stock fell 3% following its first-quarter earnings report.While the food and beverage company beat headline revenue and profit estimates, the first-quarter results were marred by a product recall at its Quaker Foods segment, and revenue fell in North America.But today the stock more than made up for those losses after a bullish note from Morgan Stanley. As a result, the stock ...

Problems at Quaker Foods overshadowed an otherwise solid quarter.Shares of Pepsico (PEP -2.97%), the global food and beverage giant, finished the day lower as its first-quarter beat was counteracted by a recall in its Quaker Foods business and a drop in U.S. sales.As a result, the stock closed today's session down 3%. Pepsi falls short of high expectationsPepsico has historically been a slow-growth company, but it has earned a high-earnings multiple for its competitive advantages and recession-proof busines ...

PepsiCo, Inc. (PEP) has reported robust first-quarter 2024 results, wherein revenues and earnings surpassed the Zacks Consensus Estimate and improved year over year. The company’s results have been mainly aided by improvements in its international business, which delivered significant volume growth and organic revenue growth of 9%.PEP noted that each of its international businesses recorded at least high-single-digit organic revenue growth, along with organic volume growth across most units. Within the inte ...

PepsiCo is crediting its quarterly growth to resilient consumer behavior, especially on an international scale. The soda and snack food giant on Tuesday (April 23) released earnings showing 2.3% net revenue growth, while forecasting an additional 4% for the coming year.“I would say the consumer globally, we think, is very resilient,” Ramon Laguarta, PepsiCo’s chairman and CEO, said during an earnings call.“And we see it in, as you saw, from our international business performance. And it’s basically supporte ...