PepsiCo, Inc. (NASDAQ:PEP) engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC). The FLNA segment consists of branded convenient food businesses in the United States and Canada. The QFNA segment includes cereals, rice, and pasta under the Quaker, Pearl Milling Company, Quaker Chewy, Cap’n Crunch, Life, and Rice-A-Roni brands. The PBNA segment is composed of beverage concentrates, fountain syrups, and finished goods under various beverage brands such as Pepsi, Gatorade, Mountain Dew, Diet Pepsi, Aquafina, Diet Mountain Dew, Sierra Mist, and Mug. The LatAm segment covers beverage, food, and snack businesses in the Latin American region. The Europe segment offers beverage, food, and snack goods in Europe and Sub-Saharan Africa regions. The AMESA segment deals with all beverage and convenient food businesses in Africa, the Middle East, and South Asia. The APAC segment refers to all business operations in the Asia Pacific, Australia and New Zealand, and China region. The company was founded by Donald M. Kendall, Sr. and Herman W. Lay in 1965 and is headquartered in Purchase, NY.
Morgan Stanley analyst Dara Mohsenian downgrades PepsiCo (NASDAQ:PEP) from Overweight to Equal-Weight and announces $210 price target.
Morgan Stanley announces PepsiCo (NASDAQ:PEP) $210 price target Read Post »
The Board of Directors of PepsiCo, Inc. (NASDAQ: PEP) today declared a quarterly dividend of $1.265 per share of PepsiCo common stock, a 10 percent increase versus the comparable year-earlier period. Today’s action is consistent with PepsiCo’s previously announced increase in its annualized dividend to $5.06 per share from $4.60 per share, which began with the June 2023 payment. This dividend is payable on September 29, 2023 to shareholders of record at the close of business on September 1, 2023.
PepsiCo (NASDAQ: PEP) Declares Quarterly Dividend Read Post »
UBS analyst Peter Grom maintains PepsiCo (NASDAQ:PEP) with a Buy and raises the price target from $195 to $205.
UBS raised PepsiCo (NASDAQ:PEP) price target to $205 Read Post »
Bernstein analyst Callum Elliott upgrades PepsiCo (NASDAQ:PEP) from Underperform to Market Perform.
Bernstein Raised PepsiCo (NASDAQ:PEP) Price Target to $185 From $172 Read Post »
Deutsche Bank analyst Steve Powers maintains PepsiCo (NASDAQ:PEP) with a Hold and raises the price target from $186 to $188.
Deutsche Bank Maintains Hold on PepsiCo (NASDAQ:PEP) , Raises Price Target to $188 Read Post »
Credit Suisse: Raised its price target on Pepsico, Inc. (NASDAQ:PEP) to $182 from $175.
Credit Suisse: Raised its price target on Pepsico, Inc. (NASDAQ:PEP) to $182 from $175 Read Post »
Pepsico, Inc. (NASDAQ:PEP) CFO said there will be no further price hikes, with most of the year’s price increases already in place.
Pepsico, Inc. (NASDAQ:PEP) CFO said there will be no further price hikes Read Post »
Pepsico, Inc. (NASDAQ: PEP) reported Q4 non-GAAP earnings Thursday of $1.67 per diluted share, up from $1.53 a year earlier. Analysts polled by Capital IQ expected $1.65. Revenue for the quarter ended Dec. 31 was $28 billion, up from $25.25 billion a year earlier. Analysts surveyed by Capital IQ expected $26.82 billion. For 2023, the company is expecting core earnings of $7.20 per share. Analysts surveyed by Capital IQ are expecting $7.30. The company said it expects a 6% increase in organic revenue for full-year 2023. Total cash returns to shareholders are expected to be $7.7 billion, including dividends of $6.7 billion and share repurchases of $1 billion. Further, the company raised its annualized dividend to $5.06 per share from $4.60. The increase is effective with the dividend expected to be paid in June.
Pepsico, Inc. (NASDAQ: PEP) reported fourth-quarter 2022 net revenue of $28.00 billion, up 11% year-over-year, and $26.88 billion in pro forma, and core earnings per share of $1.67, compared to $1.53 in the year-ago quarter, compared to $1.64 pro forma. The company expects core EPS of $7.20 in 2023 versus $7.26 market estimate.
Pepsico, Inc. (NASDAQ:PEP) expects 2023 core EPS of $7.20 below market estimates Read Post »
Pepsico, Inc. (NASDAQ: PEP) reported fourth-quarter 2022 net revenue of $28.00 billion, up 11% year-over-year, and $26.88 billion in pro forma, and core earnings per share of $1.67, compared to $1.53 in the year-ago quarter, compared to $1.64 pro forma. The company expects core EPS of $7.20 in 2023 versus $7.26 market estimate.