PepsiCo Archives - Zxcoachoutlet

PepsiCo Will Quench Your Thirst: Stock To Hit $150

October 9, 2020

Despite more than a 30% rise since the March lows of this year, at the current price of $136 per share, we believe PepsiCo stock (NASDAQ: PEP) is still a good opportunity for investors. PEP stock has increased from $104 to $135 off the recent bottom, less than the S&P which increased by 50% from its recent lows. Even though the stock is around 23% above the level at which it was at the end of 2017, it is still lower than its pre-Covid (February 2020) high of $147. We believe that PEPâs stock could rise over 10% from its current level, driven by expectations of rising demand and easing of supply constraints following the gradual lifting of lockdowns and benefits from recent acquisitions. Our dashboard What Factors Drove 23% Change In PepsiCo Stock Between 2017 And Now? has the underlying numbers behind our thinking.

Some of the sharp stock

Morgan Stanley Reiterates Overweight Rating on Shares of PepsiCo

October 8, 2020

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On Wednesday, analysts at Morgan Stanley reiterated their Overweight rating on PepsiCo (PEP) after the beverage company released strong Q3 results.

The analysts indicated that PepsiCo’s stock has underperformed defensive peers because it’s not a true COVID-beneficiary given the weakness in on-premise beverages (think bars and restaurants). Additionally, it’s not a full cyclical post-recovery story given that more than two-thirds of its profit comes from the snacks/food business. Given that, investors played a barbell approach to COVID with exposure to both COVID-beneficiaries and COVID-recovery names and PEP falling in the middle, i.e, flying under the radar given the intense barbell focus.

Analyst view this level of underperformance as too severe for two reasons: “(1) [They] believe PEP organic topline growth outperformance vs. US centric food peers will re-emerge in 2021, supported by (2) PEP’s US scanner data in the last 12 weeks holding up better sequentially than US centric food

Why PepsiCo is choosing energy drinks over hard seltzer

October 1, 2020

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PepsiCo is focused “100%” on its strategy in energy drinks, CEO Ramon Laguarta said on the company’s earnings call Thursday in response to a question about whether it would follow Coca-Cola into hard seltzer.
Laguarta indicated that hard seltzer is one of “a lot of opportunities in front of us,” and that energy drinks offer more long-term potential while hard seltzer could be a shorter-lived trend.
The comments show how PepsiCo and rival Coca-Cola are taking different paths during the pandemic, capitalizing on two distinct categories that have both been in-demand.
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Pepsi and Coke spent years fighting each other over cola. Lately, though, the two have been taking different paths when it comes to selling beverages to pandemic-weary consumers.

Coca-Cola jumped into hard seltzer on Tuesday, announcing a partnership with Molson Coors that will bring an alcoholic version of its Topo Chico hard

PepsiCo (PEP) Beats with Third-Quarter 2020 Earnings Results

October 1, 2020

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On Thursday, before the opening bell, PepsiCo reported better-than-expected earnings results with its fiscal year 2020 third-quarter earnings release. On the top line, revenues of $18.09 billion exceeded expectations of $17.23 billion. On the bottom line, adjusted earnings per share of $1.66 exceeded expectations of $1.49 per share.

In addition to the positive headline numbers, PepsiCo’s organic revenue increased by 4.2 percent. Pepsi’s Frito-Lay and Quaker Foods businesses both reported organic revenue growth of 6%. Its North American beverage unit’s organic sales rose by 3% this quarter.

In the press release, Chairman and CEO Ramon Laguarta said: “Despite the ongoing volatility and complexity in our operating environment, I believe our third quarter performance reinforces the diversification of our portfolio, the resilience and agility of our teams across every continent and demonstrates our ability to support our customers and communities during their time of need while also delivering good results for

How PepsiCo Can Finally Break Out to New Highs on Earnings

September 30, 2020

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PepsiCo (PEP) – Get Report has done well this week, jumping more than 3% as investors gear up for earnings.

The company will report its quarterly results on Thursday before the stock market opens. The stock has reclaimed and held several key levels this week.

However, PepsiCo is among the group of stocks that’s been unable to make new highs amid this run. While the S&P 500 has hit new highs, PepsiCo remains stubbornly below resistance.

On the plus side, it’s handily beating its biggest peer, Coca-Cola (KO) – Get Report.

For the year, PepsiCo has risen 1%, besting Coca-Cola’s 11% decline. While the two have similar performances over the last six months, PepsiCo is just 6.2% off its highs vs. down 18% for Coca-Cola.

The stock’s reaction was relatively muted to its last earnings beat, but bulls are hoping to get more of PepsiCo