PepsiCo faces mixed quarter, with earnings above estimates but revenue and stock price down.

Evercore ISI lowered PepsiCo's price target to $160, contributing to an overall "Hold" rating with an average price target of $174.53. PepsiCo reported Q4 earnings of $1.96 per share, slightly above estimates, but revenue of $27.78 billion fell short. The company's North American Frito-Lay and Quaker Foods divisions saw revenue declines, and the stock dropped 4.6% after the earnings report. PepsiCo also announced a 5% dividend hike. Despite some challenges, the company projects low-single-digit organic revenue growth for 2025.

6 weeks ago
46 Articles