Name of opportunity: 👀
PepsiCo, Inc
Bringing home the bacon:💰
Yesterday, PepsiCo’s quarterly earnings report included some delicious details that piqued investors’ interest. While analysts overall estimated that PepsiCo would deliver earnings per share of $2.30, the real results were a smidge higher at $2.31.
Other aspects of the snack and beverage company's earnings report were not as positive, such as a quarterly revenue of $23.3 billion, which was less than the $23.8 billion that Wall Street predicted.
However, the consumer goods sector is considered to be in a difficult spot right now, with consumers with less spending power purchasing less (especially in the US) - so PepsiCo remains in a fairly strong position given its huge catalogue of global brands.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Pepsico, Inc. will increase from $171.33 to $187.45 in the next 12 months. If you invested $1000, you might profit $94.92.
PepsiCo stock has risen by 1.55% over the past day. PepisoCo announced in its earnings that it still predicted an increase of at least 8% for its core constant currency earnings per share. This optimistic outlook might be what is influencing investors.
PepsiCo management also shared that the company would be investing more heavily in its Doritos and Tostitos lines, hoping to drive sales in savoury snacks. Investing into Lays potato chips managed to increase sales volume in this line, so if PepsiCo can pull off the same manoeuvre again it should help give sales a boost.
Beyond the soda:🥤
PepsiCo, Inc. is a beverage and convenient food company which owns brands that are available in over 200 countries. We covered this company recently on Hot Stocks back in July, when analysts were making predictions about the upcoming quarterly earnings released that month.
Which neme?: 🔍
‘Low Volatility Stocks’, ‘Popular Dividend Stocks’, ‘Food & Drink’, ‘Top Stocks for Recessions’, ‘This Week’s Earnings’
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