Why PepsiCo Stock Is Tumbling Today
The share price of (NASDAQ: PEP), the food and beverage giant, was falling today after the company reported mixed results for its first quarter and cut its earnings forecast for the full year.
PepsiCo is facing rising supply chain costs due to tariffs and slowing consumer spending amid an uncertain macroeconomic environment, the company said today.
As a result, PepsiCo stock was down 4.6% as of 1:04 p.m. ET.
Source Fool.com
PepsiCo Inc. Stock
€139.74
1.300%
Our community is currently high on PepsiCo Inc. with 18 Buy predictions and 4 Sell predictions.
With a current price of 139.74 € PepsiCo Inc. is right around the predicted target price of 140 €.
