49 stories mentioning PEPUpdated 19d ago
Every FINWIRES story that references PEP, newest first.
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
Consumer stocks were leaning lower premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining by 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.2%.PepsiCo (PEP) stock was down nearly 3% even after the company posted higher fiscal Q2 core earnings and net revenue.
US equity futures were mixed pre-bell Thursday as traders observed the recent rise in hostilities between the US and Iran, which threatened to derail peace talks between the two nations.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.7% higher.In a post on X, US Central Command said it completed a second round of strikes, hitting 90 more Iranian military targets. The US military had struck 80 Iranian targets the day before in response to Iran's attacks on three commercial ships transiting the Strait of Hormuz.President Donald Trump told reporters that Iran had reached out and "badly" wanted to make a deal to halt the escalating hostilities in the Middle East. Trump said he does not know if the two nations are returning to an all-out conflict, but added that the US would win "very quickly" if the war resumed.Traders also digested the latest round of earnings, with PepsiCo (PEP) posting higher fiscal Q2 core earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.5% at $78.46 per barrel and US West Texas Intermediate crude 0.4% higher at $73.82 per barrel.The weekly jobless claims bulletin is expected to show 217,000 new unemployment claims for the week ended July 4, up from 215,000 in the prior week, according to estimates compiled by Bloomberg.The existing home sales report, scheduled for release at 10 am ET, is expected to show an increase of 1.0% for June after a gain of 3.2% in the prior month.New York Federal Reserve President John Williams and Dallas Fed President Lorie Logan are slated to speak on Thursday.
US equity markets were mostly pointing higher before the opening bell Thursday as traders weighed rising tensions between Washington and Iran.S&P 500 futures ticked up 0.1% and the Nasdaq rose 0.6% in premarket activity, while the Dow Jones Industrial Average edged down 0.2%. The Dow finished Wednesday trading with its sharpest single-day decline in four weeks. The S&P also closed lower, while the Nasdaq was up.The US Central Command said Wednesday its forces completed another round of strikes against Iran to "further degrade" its ability to attack commercial shipping through the Strait of Hormuz. The US struck Iran earlier in the week after Tehran attacked three tankers that crossed the crucial waterway.US President Donald Trump said Wednesday he was no longer interested in negotiating with Iran, saying he believed the recent memorandum of understanding signed between the two countries to end their war was over.West Texas Intermediate crude oil nudged 0.4% higher to $73.80 a barrel before the open Thursday, while Brent gained 0.5% to $78.41."The latest escalation in US-Iran military tensions this week raises new risks," ING Bank said in a report. "Vessels transiting the Strait of Hormuz remain well below pre-war levels, (and) recent developments show that safe passage of vessels is still an issue facing the market."On Wednesday, minutes from the Federal Reserve's June policy meeting showed that central bank officials held diverging views on the appropriate path of interest rates. At that meeting, the Federal Open Market Committee unanimously decided to maintain the policy rate steady for the fourth consecutive time.US Treasury yields were higher in premarket action Thursday, with the 10-year rate increasing 1.8 basis points to 4.59% and the two-year rate rising one basis point to 4.20%.Thursday's economic calendar has the weekly jobless claims bulletin at 8:30 am ET, followed by the existing home sales report for June at 10 am. New York Fed President John Williams is scheduled to speak at 9 am.Shares of Broadcom (AVGO) added 1.6% pre-bell after closing Wednesday with a 4.8% rise, as Apple (AAPL) confirmed the semiconductor manufacturer will produce chips to be used in the iPhone maker' products in a deal likely worth more than $30 billion.Nvidia (NVDA) inclined 0.1%, while Arista Networks (ANET) advanced 1.3%.PepsiCo (PEP) declined 1.3%, as the beverage and snacking giant reported its latest quarterly results early Thursday. Simply Good Foods (SMPL) also posts its earnings pre-bell, while WD-40 (WDFC) is slated to announce its results after the markets close.Gold rose 0.8% to $4,114 per troy ounce, while bitcoin traded up 1% at $62,784.
PepsiCo's (PEP) efforts to reinvigorate top line growth in North America showed some initial signs of progress, but trends came under pressure for most of May and into early June, UBS Securities said in a note Wednesday.It is unlikely that PepsiCo Foods North America could return to historical growth rates, the brokerage said. While the negative investor sentiment is not surprising, UBS said the argument that PepsiCo should trade closer to other packaged food peers is overblown, as the company still has a credible path to delivering organic revenue and earnings growth.The brokerage lowered its Q2 and 2026 earnings per growth forecasts to $2.18 and $8.56 respectively, from $2.21 and $8.60, to reflect weaker performance in PFNA, as well as shifts in commodities and currency.Despite weaker consumption, analysts said the base case expectation is for PepsiCo to maintain its 2026 guidance when it reports its Q2 results on July 9.UBS Securities lowered its price target on the stock to $172 from $186, while keeping a buy rating.PepsiCo shares were up more than 2% in Thursday trading.Price: $144.20, Change: $+3.04, Percent Change: +2.15%
PepsiCo's (PEP) progress in its North American foods business likely stalled in the second quarter amid higher gasoline prices that may push the company toward the lower end of its full-year guidance, RBC Capital Markets said Thursday.Salty snack volumes turned positive in the first quarter, but lower product prices amid the Middle East conflict means estimated volume gains in the second quarter won't be enough to lift the portfolio's topline, Nik Modi, RBC's co-head of global consumer and retail research, said in an emailed client note.In February, the company announced plans to cut prices of several snack brands by up to 15%, including Lay's, Doritos and Cheetos.RBC lowered PepsiCo's 2026 organic sales growth forecast to 2.8% from 3.2% and its adjusted earnings per share estimate to $8.55 from $8.60. In April, the company said it anticipated core EPS to rise by 5% to 7% and organic sales to increase between 2% and 4%."Given the more difficult consumer environment we expect pressure to (PepsiCo's) guidance and would not be surprised to be pointed towards the lower end of ranges," according to Modi. "(PepsiCo's) domestic business has been most volatile, stemming in large part due to (PepsiCo Foods North America's) challenges. While there has been progress, higher gas prices has stalled improvement."Gasoline prices in the US have fallen from $4.29 per gallon a month ago as the US and Iran agreed to end their war and reopen the Strait of Hormuz.PepsiCo is scheduled to release its second-quarter results on July 9. Analysts polled by FactSet expect the company to report adjusted EPS of $2.21 and revenue of $23.96 billion. RBC expects adjusted EPS of $2.16 on revenue of $23.99 billion.PepsiCo's international business remains resilient, said the brokerage, which has a sector perform rating on the company's stock with a price target of $163."Overall, we expect solid international growth with the primary focus still on (PepsiCo's) domestic business," Modi said.Price: $143.58, Change: $+2.42, Percent Change: +1.71%
PepsiCo (PEP) has an average rating of overweight and mean price target of $168.05, according to analysts polled by FactSet.Price: $142.52, Change: $+0.25, Percent Change: +0.18%
PepsiCo (PEP) plans to raise prices on some of its smaller bags of chips by $0.10 to $0.20 that are currently retailing for $2.69, Bloomberg reported Wednesday, citing people familiar with the matter.PepsiCo didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $149.26, Change: $-1.11, Percent Change: -0.74%
PepsiCo Set to Raise Prices on Some Small Bags of Chips, Bloomberg Reports
Celsius (CELH) appears to have a strong long-term growth trajectory despite slowing beverage sales in recent months, UBS said in a note emailed Friday.The company continues to benefit from growth in household penetration and purchase rate as its distribution agreement with PepsiCo (PEP) nears four years, the firm said. The brand has faced growth across most demographics, with expectations of gaining more shelf space in 2026 amid product launches such as the new energy drink Electric Vibe, according to the note.The investment firm, however, noted that Celsius has experienced sluggish sales since December due to increasing competition and weakness in certain products.UBS added that given the volatility, investors are likely to take a "wait and see approach" toward the stock, but over the long term, the potential upside outweighs the downside risk with the weakness looking "overdone."UBS maintained its buy rating and price target of $55.Price: $30.03, Change: $+1.02, Percent Change: +3.52%
UTZ Brands (UTZ) is poised to report Q1 results broadly in line with consensus in what is expected to be a noisy quarter, RBC Capital Markets said in a Monday note.The company is scheduled to report its Q1 results on Wednesday.RBC said UTZ's Q1 scanner data is currently tracking 4.1% versus consensus of 2.8%, supported by tailwinds from the Super Bowl and pantry loading ahead of winter storms. However, the brokerage noted that early Q2 data show a material sequential deceleration to -3.4%, driven by weaker volume and some share losses.UTZ is also expected to show early positive signals from its California expansion during Q1, though RBC expects limited near-term financial impact.Additionally, competitive dynamics from PepsiCo's Frito-Lay relaunches of Lay's and Tostitos could add volatility, as roughly three-fifths of UTZ's sales mix comes from potato and tortilla chips, according to the note.RBC also flagged broader category risk from higher oil prices and inflation, which could pressure gas and convenience channel demand for salty snacks.RBC has an outperform rating, with a $15 price target.Price: $7.72, Change: $-0.05, Percent Change: -0.71%
Coca-Cola (KO) is positioned to outperform peers in organic sales growth given its pricing power and solid volumes, Morgan Stanley said in a Wednesday note.The company reported Q1 adjusted earnings Tuesday of $0.86 per share, up from $0.73 a year earlier, as revenue increased to $12.47 billion from $11.13 billion. For 2026, Coca-Cola expects organic revenue growth of 4% to 5% and comparable earnings growth of 8% to 9%.Underlying organic sales growth in Q1 was 5% and Morgan Stanley said Coca-Cola could sustain this growth over the long term, well ahead of its peers. The investment firm noted Coke's structural pricing growth, the company's Fairlife business, and increasing volumes as drivers for organic sales growth.Coca-Cola could also see catalysts from increasing Fairlife production capacity and "robust" pricing from rivals PepsiCo (PEP) and Keurig Dr Pepper (KDP) the brokerage added.Morgan Stanley raised its price target on Coca-Cola to $89 from $87, with an overweight rating.Price: $78.54, Change: $+0.19, Percent Change: +0.24%
PepsiCo (PEP), Smurfit WestRock (SW), Givaudan, and Statkraft signed a 10-year virtual power purchase agreement with a wind asset in Spain, the companies said Tuesday.The deal is part of PepsiCo's "pep+ REnew" program for emissions reductions and energy transition, according to the statement. No financial details were disclosed.The agreement is expected to contribute to a reduction in carbon emissions of about 32,000 metric tons per year, the companies said.Price: $156.13, Change: $+2.03, Percent Change: +1.32%
Coca-Cola's (KO) first-quarter results are likely to meet Wall Street's expectations, showing "resilience" despite a difficult global consumer environment amid war-driven concerns, RBC Capital Markets said Friday.The brokerage expects the beverages giant to report first-quarter adjusted earnings of $0.82 a share on net sales of $12.01 billion, with organic sales growth projected at 6.7% year over year. The Street expects EPS of $0.81 on sales of $12.17 billion while looking for organic sales growth of 6.5%, RBC said in a note to clients."We expect the quarter to be fine, with (Coca-Cola) delivering against (consensus) numbers, showing resilience despite the difficult environment," said Nik Modi, co-head of global consumer and retail research at RBC.The company is scheduled to report results Tuesday."While the Coke system continues to see good momentum on market share and top line, there is significant concern among the bottler community regarding aluminum inflation, the Midwest premium and the likely increase in logistics costs/pet packaging costs if the energy complex continues to inflate," Modi said in the note."While the system would normally just price for the inflation, we believe the current consumer environment might make it difficult to pull this lever right now," Modi wrote.Broad-based inflation concerns have grown in the wake of a jump in energy prices amid the closure of the crucial Strait of Hormuz following the US-Israel war with Iran that started at the end of February. Markets are optimistic about a fresh round of talks between the US and Iran in Pakistan over the weekend.Several international markets have implemented energy restrictions and/or conservation measures amid supply concerns arising from the Iran war. This can result in mobility restrictions and market disruptions, potentially posing risk for Coca-Cola's business in certain overseas markets, according to the note.RBC has an outperform rating and an $87 price target on the Coca-Cola stock.Earlier this month, beverage and snacks giant PepsiCo (PEP) reported higher-than-expected fiscal first-quarter results amid affordability initiatives while reiterating its full-year outlook.Price: $76.60, Change: $+0.32, Percent Change: +0.42%
PepsiCo (PEP) said Wednesday that it entered into a multi-year partnership with Alphabet's (GOOG, GOOGL) Google Cloud to help the food and beverage company build new digital capabilities across its global operations.The collaboration will have PepsiCo use the Gemini Enterprise Agent Platform to address business challenges such as supply chain management and go-to-market execution, PepsiCo said.Financial terms of the partnership were not provided.Price: $156.06, Change: $+1.14, Percent Change: +0.73%
The Nasdaq Composite and the S&P 500 reached new peaks Thursday amid growing hopes for a resolution to the Middle East conflict.The Nasdaq rose 0.4% to 24,102.7, while the S&P 500 climbed 0.3% to 7,041.3, both notching record closing highs for a second consecutive day. The Nasdaq extended its winning streak to 12 days in a row.The Dow Jones Industrial Average added 0.2% to 48,578.7.Most sectors ended in the green, led by energy, while health care saw the biggest drop.US President Donald Trump said Thursday that Lebanon and Israel agreed to a 10-day ceasefire.Trump said in a social media post that he will invite Israeli Prime Minister Benjamin Netanyahu and Lebanese President Joseph Aoun to the White House for "meaningful talks.""Both sides want to see peace, and I believe that will happen, quickly," he wrote.The ceasefire seeks to pause hostilities between Israel and Iran-backed Hezbollah in Lebanon, a key sticking point in peace negotiations between the US and Tehran.West Texas Intermediate crude oil was up 2.4% at $93.50 a barrel in Thursday late-afternoon trade, while Brent advanced 3.4% to $98.19."Oil is up over doubts that the Strait of Hormuz disruption will ease soon," D.A. Davidson said in a report.US Treasury yields were higher, with the 10-year rate up 2.6 basis points at 4.31% and the two-year rate rising 1.6 basis points to 3.79%.In company news, IBM (IBM) shares rose 2.5%, the third-top gainer on the Dow. The tech giant will likely exceed Wall Street's estimates for the first quarter and raise its revenue guide amid momentum in the software segment and an earlier completion of the Confluent acquisition, Oppenheimer said in a note. IBM is scheduled to announce its quarterly results next week.Charles Schwab (SCHW) shares dropped 7.6%, the steepest decline on the S&P 500. The financial services provider's first-quarter results rose year over year amid a surge in client assets, though revenue fell short of the Street's estimates.Abbott Laboratories (ABT) followed Charles Schwab on the S&P 500, down 6%. The healthcare company lowered its full-year earnings outlook to reflect the acquisition of cancer diagnostics firm Exact Sciences.PepsiCo (PEP) reported higher-than-expected fiscal first-quarter results amid affordability initiatives, while the beverage and snacks company reiterated its full-year outlook. Its shares rose 2.3%.In economic news, US industrial production unexpectedly decreased in March, Federal Reserve data showed.It's too soon to blame the Middle East conflict for the drop, which was driven by "sharply falling" output in the mining and utilities sectors, Oxford Economics said in a note.Gold was last down 0.2% at $4,813.70 per troy ounce, while silver fell 1.2% to $78.68 per ounce.
Consumer stocks were mixed late Thursday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 0.6%.In corporate news, Ford's (F) reorganization announced late Wednesday "makes sense," though the departure of Doug Field, the EV chief, risks unsettling investors, UBS Securities said. Ford shares dropped 1.8%.PepsiCo (PEP) reported higher-than-expected fiscal Q1 results amid affordability initiatives, while the company reiterated its full-year outlook. The shares rose 1.9%.Walmart (WMT) said it is making a "significant" investment across the US this year for remodels and opening new stores. Walmart shares were little changed.Tesla's (TSLA) Cybertruck sales were boosted by purchases from Elon Musk's other companies, Bloomberg reported, citing S&P Global Mobility registration data. Tesla shares declined 0.6%.
PepsiCo (PEP) has an average rating of overweight and mean price target of $170.28, according to analysts polled by FactSet.Price: $157.33, Change: $+2.47, Percent Change: +1.60%
Consumer stocks were mixed Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.5%.In corporate news, PepsiCo (PEP) reported higher-than-expected fiscal Q1 results on Thursday amid affordability initiatives, while the company reiterated its full-year outlook. Shares rose 2.8%.Walmart (WMT) said Thursday it is making a "significant" investment across the US this year for remodels and opening new stores. Walmart shares added 0.3%.Sales of Tesla's (TSLA) Cybertruck were boosted by purchases from Elon Musk's other companies, Bloomberg reported, citing S&P Global Mobility registration data. Tesla declined 1%.General Motors (GM) and Ford (F) are among several companies that have held discussions with senior US defense officials about supporting increased weapons and military supplies production, the Wall Street Journal reported. GM shares were down 0.4%, and Ford fell 1.9%.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain our 12-month price target of $185, based on a 2027 P/E of 20.1x, a justified discount to PEP's five-year mean forward P/E of 22.4x. We maintain our adjusted EPS estimates of $8.65 for 2026 and $9.20 for 2027. Following PEP's stronger-than-expected Q1 earnings and reiteration of its 2026 EPS guidance, we remain at Buy. While the fundamental demand backdrop remains challenging, we think the reported uptick in food volumes (+4%) was a big positive, driven by EMEA (+9%) and the Asia Pacific regions (+9%). We view the challenges facing PEP as discounted at current levels, noting the stock's three consecutive down years (2023-2025), which highlights its strong earnings track record and management's history of conservative guidance. In our view, PEP is a beaten-down blue-chip name in an out-of-favor sector, offering significant value at current levels. Furthermore, we think pressure applied by activist shareholder Elliott Management is likely to drive enhanced operational focus.
Consumer stocks were mixed Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.5%.In corporate news, PepsiCo (PEP) reported higher-than-expected fiscal Q1 results on Thursday amid affordability initiatives, while the beverage and snacks company reiterated its full-year outlook. Its shares rose 2.2%.
Showing 21-40 of 49
