PepsiCo stock rises after Q3 earnings beat, but why JPMorgan sees limited upside

Core Insights - PepsiCo stock experienced a significant increase in pre-market trading following the company's Q3 earnings report, which exceeded expectations for both revenue and adjusted earnings per share [1] Financial Performance - The company reported better-than-expected Q3 earnings, indicating strong financial performance [1] - The adjusted earnings per share surpassed market forecasts, contributing to the positive market reaction [1] Market Reaction - The stock price surged in pre-market trading, reflecting investor confidence in the company's financial results [1]