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.
PepsiCo's stock falls after revenue misses expectations for a third-straight quarter, amid “subdued” performance trends in North America.
PepsiCo's earnings topped Wall Street's estimates, but the company's revenue missed expectations. Demand for its snacks and drinks declined in North America.
Pepsico forecast annual profit below expectations and missed quarterly revenue estimates on Tuesday, as the Frito-Lay maker faces weakening demand for its sodas and snacks in the U.S., its largest market.
The rising popularity of weight-loss drugs could further dampen appetite for snacks and sugary drinks.