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PepsiCo Inc. ($PEP) Stock Forecast: Up 0.7% Today

Morpher AI identified a bullish signal. The stock price may continue to rise based on the momentum of the good news.

What is PepsiCo Inc.?

PepsiCo (PEP) is a multinational food and beverage corporation known for its popular brands like Pepsi, Lay's, and Gatorade. The company operates globally and has a significant presence in the North American market.

Why is PepsiCo Inc. going up?

PEP stock is up 0.7% on Jul 11, 2024 15:27

  • Despite reporting rising profits in the second quarter, PepsiCo experienced a bearish market movement due to declining demand in its North American business units.
  • Customers slowing their purchases after years of price hikes contributed to the slipping demand, impacting the company's revenue growth.
  • The underwhelming second-quarter performance and annual outlook led to PepsiCo's shares trading lower as investors reacted to the missed revenue estimates.
  • While surpassing earnings estimates, the company's cautious full-year sales outlook and lower-than-expected sales growth in Q2 influenced the market sentiment, resulting in the stock sliding.

PEP Price Chart

PEP News

Pepsi Reported Rising Profits But Demand Continues To Shrink At Its Home Market - PepsiCo ( NASDAQ:PEP )

Before the markets opened on Thursday. PepsiCo Inc PEP issued its second quarter financials. While earnings surpassed Wall Street estimates, revenue came short as its three North American business units reported a declining volume. In addition, Pepsi was more cautious with its full-year sales ...

https://www.benzinga.com/news/24/07/39731979/pepsi-reported-rising-profits-but-demand-continues-to-shrink-at-its-home-market

News Article Image Pepsi Reported Rising Profits But Demand Continues To Shrink At Its Home Market - PepsiCo  ( NASDAQ:PEP )

PepsiCo's second quarter profits jump but customers slow their purchases after years of price hikes

PepsiCo second quarter profits jump, but demand continues to slip with prices higher The Associated Press ...

https://apnews.com/article/pepsico-revenue-second-quarter-earnings-368870086a881c51103fd89c17096b72

News Article Image PepsiCo's second quarter profits jump but customers slow their purchases after years of price hikes

The 3 Most Undervalued Retirement Stocks to Buy in July 2024

Investing in retirement takes some forethought and planning. Stocks need to offer both growth and protection for investors in their twilight years. Ideally, they should also pay a regular dividend that can serve as an important source of income for retired investors or be reinvested to help grow a portfolio. Putting one’s nest egg into the stock of a high-flying start-up company that is unprofitable, pays no dividend and trades at a sky-high price-earnings ratio is likely not the way to go for people looking to manage a financially comfortable retirement. Generally speaking, investors will want to seek out blue-chip stocks that pay a reliable dividend and offer decent growth prospects. Here are a few stocks that fit the bill. These are the three most undervalued retirement stocks to buy in July 2024.

https://investorplace.com/2024/07/the-3-most-undervalued-retirement-stocks-to-buy-in-july-2024/

News Article Image The 3 Most Undervalued Retirement Stocks to Buy in July 2024

PepsiCo ( PEP ) Surpasses Q2 Earnings Estimates

PepsiCo (PEP) delivered earnings and revenue surprises of 6.05% and 0.25%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2299707/pepsico-pep-surpasses-q2-earnings-estimates

News Article Image PepsiCo  ( PEP )  Surpasses Q2 Earnings Estimates

PepsiCo's Q2 Performance, Annual Outlook Underwhelms Investors, Stock Slides Why PepsiCo's Shares Are Trading Lower On Thursday - PepsiCo ( NASDAQ:PEP )

PepsiCo Inc PEP shares are trading lower after the company reported worse-than-expected second-quarter FY24 revenue. The company reported second-quarter sales growth of 0.8% year-on-year to $22.501 billion, missing the analyst consensus estimate of $22.599 billion.

https://www.benzinga.com/news/earnings/24/07/39725480/pepsicos-q2-performance-annual-outlook-underwhelms-investors-stock-slides

News Article Image PepsiCo's Q2 Performance, Annual Outlook Underwhelms Investors, Stock Slides Why PepsiCo's Shares Are Trading Lower On Thursday - PepsiCo  ( NASDAQ:PEP )

PepsiCo Inc. Price History

11.06.2024 - PEP Stock was up 0.7%

  • Despite reporting rising profits in the second quarter, PepsiCo experienced a bearish market movement due to declining demand in its North American business units.
  • Customers slowing their purchases after years of price hikes contributed to the slipping demand, impacting the company's revenue growth.
  • The underwhelming second-quarter performance and annual outlook led to PepsiCo's shares trading lower as investors reacted to the missed revenue estimates.
  • While surpassing earnings estimates, the company's cautious full-year sales outlook and lower-than-expected sales growth in Q2 influenced the market sentiment, resulting in the stock sliding.

01.06.2024 - PEP Stock was down 1.1%

  • The bearish movement in PEP stock today could be attributed to several factors:
  • The uncertainty surrounding the stock's performance leading to investor hesitation.
  • While the emotional victory in the T20 World Cup by India, where PepsiCo's ex-boss expressed her sentiments, may have garnered positive attention, it might not have directly impacted the stock's performance.
  • The focus on dividend stocks and retirement portfolios could have shifted investor preferences towards more stable and low-risk investments, potentially diverting funds from PEP.
  • Despite Schneider National winning the PepsiCo Asset Sustainability Carrier of the Year award, showcasing environmental commitment, this positive news might not have translated directly into a bullish sentiment for PepsiCo's stock today.

25.03.2024 - PEP Stock was up 5.2%

  • PepsiCo stock showed a bullish trend backed by positive future projections, particularly from a notable financial firm.
  • Despite issues impacting domestic sales, robust international demand led PepsiCo to surpass sales expectations.
  • The broader market also displayed positivity, with significant gains in the Dow suggesting improved investor confidence that may have influenced PepsiCo's stock performance.
  • Concerns raised by a recent study naming PepsiCo as a major contributor to plastic pollution did not hinder its stock's resilience and investor trust.

24.03.2024 - PEP Stock was up 5.2%

  • PepsiCo's strong bullish movement today can be attributed to beating sales estimates driven by robust international demand, surpassing revenue expectations amid strong international demand, and being identified as one of the companies operating in the consumer industry that are considered safe investments during economic turbulence.
  • Despite product recalls impacting U.S. sales, the company's performance in international markets has been a significant growth driver.
  • The positive market sentiment and investor confidence in blue-chip stocks like PepsiCo during uncertain economic times have also contributed to the bullish movement of the stock.
  • The company's ability to exceed revenue expectations and demonstrate resilience in the face of challenges like product recalls showcases its strong market position and potential for growth in the future.

01.03.2024 - PEP Stock was down 1.2%

  • The bearish movement in PepsiCo's stock today could be attributed to changing consumer behaviors, which may have raised concerns among investors about the company's long-term growth prospects.
  • The news about whales taking a bearish stance on PepsiCo might have influenced market sentiment and contributed to the downward movement in the stock price.
  • Despite positive initiatives like collaborations with Hasbro and scholarships for HBCU students, the overall market reaction seems to have been overshadowed by broader concerns about consumer trends and investor sentiment.

05.09.2023 - PEP Stock was down 5.0%

  • The bearish movement in PEP stock today could be attributed to a combination of factors:
  • 1. Pricing Concerns: The article "Unveiling PepsiCo (PEP)''s Value: Is It Really Priced Right? A Comprehensive Guide" raises questions about the valuation of PepsiCo, suggesting that investors may have concerns about the stock being overpriced.
  • 2. Earnings Anticipation: The article "PepsiCo Q3 Earnings Preview: Time To Question The Dividend Motif" mentions the anticipation of PepsiCo's Q3 earnings report. Investors might be cautious ahead of the release, leading to selling pressure on the stock.
  • 3. Gaming Partnership: While not directly related to the bearish movement, the article "DORITOS®, MTN DEW® & ROCKSTAR® ENERGY DRINK JOIN FORCES WITH XBOX TO REWARD PLAYERS EVERY TIME THEY GAME WITH THEIR FAVES" highlights a partnership between PepsiCo brands and Xbox. This collaboration might have a positive impact on brand visibility and future sales, but it doesn't seem to have influenced the stock movement significantly today.
  • Overall, the bearish movement in PEP stock today could be attributed to concerns about valuation and anticipation of the upcoming earnings report.

13.06.2023 - PEP Stock was up 0.1%

  • The bullish movement in PEP's stock can be attributed to the following factors:
  • 1. Strong Q2 Earnings: PepsiCo reported quarterly earnings that exceeded expectations, driving investor confidence in the company's performance.
  • 2. Margin Improvement: PepsiCo's CFO, Hugh Johnston, highlighted the company's focus on driving margins through productivity, indicating successful cost management strategies.
  • 3. Positive Market Sentiment: The overall positive market sentiment, fueled by anticipation of a surge in the stock market and easing inflationary pressures, likely contributed to the bullish movement in PEP's stock.

11.06.2023 - PEP Stock was down 1.5%

  • The bearish movement in PEP's stock could be attributed to the overall market sentiment, as Asian stock markets and oil prices rose while traders hoped for easing rate hikes.
  • The rejection of PepsiCo's patent for a potato variety grown for Lay's chips by the Delhi High Court could have negatively impacted investor sentiment.
  • The strategic partnership between PepsiCo and EA Sports FC to deliver entertainment experiences centered around the new EA Sports FC game might not have had an immediate positive impact on the stock.
  • The Forbes Richest Self-Made Women list featuring Indra Nooyi, former CEO of PepsiCo, could have indirectly influenced investor sentiment but may not be directly related to the bearish movement.

07.06.2023 - PEP Stock was down 0.7%

  • The bearish movement in PEP's stock could be attributed to the news of roaring sales in Russia for PepsiCo and its competitors, indicating potential market saturation and increased competition.
  • The article mentioning growth stocks being overvalued and the risk of a severe correction could have influenced investors to sell off their positions in PEP.
  • The news about India setting its own standards on sweeteners, including aspartame used in PepsiCo's products, could have raised concerns about potential regulatory challenges and consumer preferences, impacting the stock negatively.

28.05.2023 - PEP Stock was down 0.2%

  • The bearish movement in PEP stock today could be attributed to a combination of factors:
  • Stubbornly high inflation: The overall market's concern about inflation could have led to a sell-off in consumer staples stocks like PepsiCo. Investors may be worried about the impact of rising prices on the company's profitability.
  • Lack of coverage in bonds and real estate: The article mentions that during periods of sustained inflation, commodities and consumer staples stocks tend to perform well. With bonds and real estate being considered too risky or not covered, investors may have shifted their focus towards other investment options, leading to a decline in PEP stock.
  • Comparison with KDP: The article titled "Which Is A Better Beverage Pick PepsiCo Stock Or KDP?" suggests that there is a comparison between PepsiCo and Keurig Dr Pepper (KDP). This could have influenced investors' decisions, with some choosing to invest in KDP instead of PEP, resulting in a bearish movement for PepsiCo's stock.
  • Overall, the bearish movement in PEP stock today could be a result of concerns about inflation, investor preference for other investment options, and the comparison with a competitor in the beverage industry.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.