Is This a Sign PepsiCo's Stock May Have Peaked?
Shares of PepsiCo (NASDAQ: PEP) have been declining for multiple months now. And over the past year, the stock is now down around 6%. This has been a fairly safe stock to own amid inflation, because the soft drink and snack company has been able to pass along rising costs to consumers.
However, there is now some cause for concern given more challenging conditions that could be on the horizon for the business. Let's see what might be best for investors to do now.
PepsiCo isn't normally a fast-growing stock. But over the past few years, it has generally had no problem generating year-over-year growth. In its most recent quarterly results, however, that changed. For the last three months of 2023, PepsiCo's net revenue declined by 0.5% to $27.9 billion. The company's expansion rate hasn't been in this bad shape since the early stages of the pandemic.
Source Fool.com
PepsiCo Inc. Stock
With 15 Buy predictions and not the single Sell prediction the community is currently very high on PepsiCo Inc..
As a result the target price of 176 € shows a slightly positive potential of 6.4% compared to the current price of 165.42 € for PepsiCo Inc..
