Does PepsiCo's Revised Outlook Offer a No-Brainer Investment Opportunity?
(NASDAQ: PEP) is much more than just a soda company. It's a diversified food and beverage giant, making money through an array of products ranging from your favorite chips to that refreshing can of soda. The company's most recent earnings report tells a tale of strategic success, and its results led to an upward revision of its 2023 earnings outlook. Amid the tides of inflation and pricing challenges, PepsiCo sailed smoothly, especially in its North American food divisions.
Here's why PepsiCo just might be a no-brainer stock pick ahead of 2024.
PepsiCo's third-quarter results show the company continues to effectively navigate complex economic conditions. The standout figure was a 16% rise in core constant-currency earnings per share (EPS) for the period. That led to an update of guidance on that metric to 13% growth for the year from the prior forecast of 12%.
Source Fool.com
PepsiCo Inc. Stock
With 16 Buy predictions and not the single Sell prediction the community is currently very high on PepsiCo Inc..
As a result the target price of 178 € shows a slightly positive potential of 11.47% compared to the current price of 159.68 € for PepsiCo Inc..
