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
€123.20
1.620%
The stock is one of the favorites of our community with 26 Buy predictions and 2 Sell predictions.
With a target price of 144 € there is a slightly positive potential of 16.88% for PepsiCo Inc. compared to the current price of 123.2 €.
