PepsiCo, Inc.'s stock has dropped nearly 30% without a significant reason, presenting a rare buying opportunity for a strong, recession-proof company. Despite flat revenue growth, Pepsi's net income and EPS have improved, indicating solid financial health and potential for future growth. Management plans to boost growth through product packaging changes, automation, digitization, and investments in healthier snack options.
What a crazy start to the week it's been for most companies.
With snack food demand slipping, PepsiCo is looking to opportunities outside consumers' homes. The food and beverage giant released earnings Tuesday (Feb. 4) showing a drop in sales.
PEP's Q4 revenues reflect the impacts of subdued category demand in its convenient food business and a product recall in the QFNA segment.
Goldman Sachs analyst Bonnie Herzog reiterated a Buy rating on the shares of PepsiCo Inc PEP with a price forecast of $189.00.
PepsiCo Inc (NASDAQ:PEP, ETR:PEP) shares fell 4.4% to $143.62 after it served up a mixed set of quarterly numbers, with domestic sales down for the fifth period in a row, but a 5% increase in the annual dividend. Group revenue came in at $27.78 billion for the fourth quarter, slightly below the $27.89 billion that Wall Street expected.
PepsiCo, Inc. (NASDAQ:PEP ) Q4 2024 Earnings Conference Call February 4, 2025 8:15 AM ET Company Participants Ravi Pamnani - Senior Vice President, Investor Relations Ramon Laguarta - Chairman & Chief Executive Officer Jamie Caulfield - Executive Vice President & Chief Financial Officer Conference Call Participants Lauren Lieberman - Barclays Bonnie Herzog - Goldman Sachs Kaumil Gajrawala - Jefferies Dara Mohsenian - Morgan Stanley Bryan Spillane - Bank of America Filippo Falorni - Citi Peter Grom - UBS Steve Powers - Deutsche Bank Michael Lavery - Piper Sandler Drew Levine - JPMorgan Robert Moskow - TD Cowen Chris Carey - Wells Fargo Kevin Grundy - BNP Paribas Operator Good morning, and welcome to PepsiCo's Fourth Quarter and Full Year 2024 Earnings Question-and-Answer Session. Your lines have been placed on listen-only till it's your turn to ask a question.
The headline numbers for PepsiCo (PEP) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
CNBC's Jim Cramer breaks down why he's keeping an eye on shares of PepsiCo.
U.S. stocks traded mixed this morning, with the Dow Jones index falling around 0.1% on Tuesday.
PepsiCo's fourth-quarter earnings fell short of estimates on Tuesday as sales missed expectations for the third straight quarter.
PepsiCo (PEP) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.95 per share. This compares to earnings of $1.78 per share a year ago.