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PepsiCo Inc. Nasdaq Global Select
Open: $141.45 High: $141.45 Low: $138.23 Close: $138.59
Range: 2021-01-21 - 2021-01-22
Volume: 7,949,440
Market: Closed
Powered by Finage Stock APIDelayed data
PepsiCo Inc. 700 Anderson Hill Road Purchase NY, 10577
PepsiCo Inc is a food, snack and beverage company. It manufactures, markets, distributes and sells convenient and enjoyable beverages, foods and snacks, serving customers and consumers in more than 200 countries and territories.
  • CEO: Indra K. Nooyi
  • Employees: 263,000
  • Sector: Consumer Defensive
  • Industry: Beverages - Non-Alcoholic
PEP News
Latest news about the PEP
  • 3 Top Stocks to Recession-Proof Your Portfolio

    As an investor, you definitely shouldn't let fear cause you to overreact, but it might be wise to consider a more conservative allocation if your portfolio includes too much exposure to equities or growth stocks with high valuations. If you're wondering what to invest in during a recession, it's smart to consider two primary features in the companies you look at: defensive businesses and high dividends. Defensive stocks have products and services with stable demand throughout recessions, such as utilities, household goods, basic apparel, groceries, or healthcare.

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  • PepsiCo vs Monster Beverage: Which Stock Scores the Street’s “Strong Buy” Analyst Consensus?

    Snack food and beverage companies have been experiencing increased demand in the at-home channel since COVID-19's onset. That said, sales in the away-from-home channels took a hit due to travel restrictions, lockdowns, lack of sports events and music concerts as well as other restrictions on public gatherings. With the rollout of vaccines and the reopening of the economy, demand in the away-from-home channels is expected to improve. But what do Wall Street analysts have to say about major companies in the food and beverage space? Using the TipRanks Stock Comparison tool, we will stack up PepsiCo against Monster Beverage and pick the stock that the Street views as a better choice. PepsiCo (PEP) Leading nonalcoholic beverage and snack food giant PepsiCo showed resilience amid the pandemic even as the company’s sales in the away-from-home channels were weak. Notably, the company’s food business displayed greater strength than its beverage offerings. Both Frito-Lay and Quaker Foods North America segments posted 6% organic revenue growth in 3Q 2020, reflecting higher consumption of brands like Tostitos, Ruffles, Quaker’s pasta, lite snacks and other products. Meanwhile, organic revenue growth for PepsiCo’s North America Beverages segment came in at 3% as higher pricing offset the impact of lower volumes. Overall, organic volumes of PepsiCo's food portfolio grew 3% in 3Q and outpaced the 1% rise in global beverage volumes. In recent years, the company’s snack food business has been faring better as the beverage business is under pressure due to weak soda volumes owing to the preference for non-carbonated drinks. Following its 3Q performance (organic revenue growth of 4.2% and adjusted EPS increase of 6.4%), PepsiCo predicted organic revenue growth of 4% and an adjusted EPS decline of 0.5% for the full-year 2020. (See PEP stock analysis on TipRanks) Looking ahead, the company continues to innovate and invest in better food and beverage offerings with lower salt and sugar levels. PepsiCo is also expanding its presence in the energy drinks space, which the company referred to as a “highly profitable category” on its 3Q earnings call. Last year, PepsiCo acquired Rockstar Energy for an upfront cash payment of about $3.9 billion, in line with its strategy to grow in the energy drinks market. PepsiCo, which is a dividend aristocrat (a company that has hiked dividends for at least 25 consecutive years), increased its annualized dividend last year by 7.1% to $4.09 per share. PepsiCo’s dividend yield stands at 2.89%. Despite certain favorable aspects like a strong snack food business and an impressive dividend track record, PepsiCo was downgraded to Hold by two analysts this month while one analyst initiated a Sell rating. On Jan. 4, RBC Capital analyst Nik Modi downgraded PepsiCo to Hold from Buy, mainly due to valuation concerns. The analyst assigned a price target of $153 for PepsiCo stock and stated, “We believe the company will be able to maintain topline momentum via improving consumer insights and stepped up reinvestment. At 24x CY′21E EPS - a half turn away from its 5-yr peak - we are hard pressed to see material share price upside in the absence of material EPS upside.” The rest of the Street is also sidelined on the stock, with a Hold analyst consensus based on 4 Holds and 1 Sell. The average price target of $150.75 indicates an upside potential of 6.1% from current levels. Shares have essentially been flat over the past one year. Monster Beverage (MNST) Monster Beverage is one of the leading players in the global energy drinks market. The company was already facing pressure from rival Red Bull and now the competition is heating up with PepsiCo’s acquisition of Rockstar, the rapid growth of Vital Pharmaceuticals' Bang energy drink and Coca-Cola’s rollout of Coca-Cola Energy. Despite the impact of the pandemic on the foot traffic in the convenience and gas channel (which is the company’s largest channel), Monster Beverage’s 3Q net sales grew 9.9% to $1.25 billion and EPS grew 18% year-over-year to $0.65. (See MNST stock analysis on TipRanks) The company’s growing international presence continues to be a key driver. International net sales increased 17% year-over-year to about $445 million and accounted for close to 36% of 3Q 2020 net sales, up from 34% in 3Q 2019. Under a strategic partnership with Coca-Cola, Monster Beverage has been expanding the distribution of its products in the international markets. Meanwhile, the company has also been launching several new products, with 3Q introductions including Juice Monster Khaotic Energy + Juice, Juice Monster Papillon Energy + Juice, Monster Energy Ultra Watermelon, Reign Total Body Fuel Lilikoi Lychee and Ultra Energy Peach Mango. Earlier this month, Stifel Nicolaus analyst Mark Astrachan boosted the price target on Monster Beverage to $105 from $91. The analyst reiterated a Buy rating on the stock given several new product launches anticipated in 1Q 2021. Commenting on the company’s prospects, Astrachan stated, "Strong sales growth in part reflects successful Fall 2020 innovation (e.g., Ultra Watermelon, juices) with more anticipated in 2021, including the pending launch of Ultra Gold and three Reign SKUs [stock keeping units]. We also anticipate the company to introduce 12-ounce cans for several best-selling SKUs, which could expand usage occasions and also be mix accretive.” “We also continue to think an alcoholic beverage introduction is increasingly likely in 2021, especially given two additional trademark filings and a job posting for a manager of alcohol strategy, both in late December,” added Astrachan. Overall, Monster Beverage scores a Strong Buy analyst consensus backed by 11 Buys versus 3 Holds. Shares have gained about 34% over the past year and the average price target of $101.50 implies further upside potential of about 12.7% from current levels. Conclusion PepsiCo has an extensive portfolio of brands across the snack food and beverage space. But the dismal soda volumes continue to be a drag while the snack food business is faring well. Currently, Wall Street analysts appear to be more bullish on Monster Beverage’s long-term potential in the high-margin energy drinks space. Also, the stock offers a greater possible upside as indicated by the average price target. To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment

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  • Cheetos® Returns to the Super Bowl Stage with Mysterious (or Mischievous?) Campaign Starring Ashton Kutcher

    Cheetos reclaimed its Super Bowl icon status last year and is back this year with the launch of a campaign and Super Bowl commercial featuring serious star power alongside a seriously delicious snack: newly released Cheetos® Crunch Pop Mix. The in-game TVC will feature the dangerously cheesy snack mix: a blend of two fan favorites — traditional Cheetos Crunchy and the immensely popular Cheetos Popcorn introduced during last year's Super Bowl LIV.

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  • REFILE-PepsiCo aims for net-zero greenhouse gas emissions by 2040

    PepsiCo Inc said on Thursday it aimed to achieve net-zero greenhouse gas emissions across its supply chain by 2040, as consumers and investors increasingly call upon big corporations to play their part in the fight against global warming. The Doritos chips and Tropicana juice maker said it would initially cut greenhouse gas emissions from its operations by 75% and by 40% in areas that are outside its own manufacturing processes and supply chain by 2030. Over the next nine years, it hopes to cut those emissions by just under half, or an absolute 26 million metric tonnes.

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  • PepsiCo Doubles Down on Climate Goal and Pledges Net-Zero Emissions by 2040

    PepsiCo, Inc. (NASDAQ:PEP) today announced plans to more than double its science-based climate goal, targeting a reduction of absolute greenhouse gas (GHG) emissions across its value chain by more than 40% by 2030. In addition, the company has pledged to achieve net-zero emissions by 2040, one decade earlier than called for in the Paris Agreement.

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  • Why PepsiCo (PEP) is Poised to Beat Earnings Estimates Again

    PepsiCo (PEP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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  • Upending the Traditional Snack Mix, New Cheetos® Crunch Pop Mix Blends Two Fan Favorites

    Unlike any ordinary snack mix, Cheetos today has unleashed its new Crunch Pop Mix — a mischievously cheesy combination of traditional Cheetos Crunchy and the immensely popular Cheetos Popcorn introduced during last year's Super Bowl LIV. Sure to be the most coveted snack in the pantry, Cheetos Crunch Pop Mix is so deliciously tantalizing that it comes with its own mock advisory, warning fans it may be snatched by others' Cheetle-coated fingers.

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  • PepsiCo Selects 10 Emerging Innovators To Grow the Next Generation of Wellness Technologies, Services and Ingredients

    PepsiCo (NASDAQ:PEP) announced today the 10 finalists from around the world that join its fifth annual Greenhouse Accelerator, a mentor-guided program supporting the acceleration of the latest innovators that seek to transform the ways consumers eat, drink and live their lives. This year's Greenhouse Accelerator program looks outside the box in areas like emerging science and technology that can help PepsiCo stay close to evolving consumer tastes and preferences. Each of the participating companies will receive $20,000 in grant funding and begin a six-month business program designed to accelerate their growth through personalized mentorship.

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  • Benzinga's First Bulls And Bears Of 2021: Ford, Mastercard, PepsiCo, 3M, Tesla And More

    * Benzinga has examined the prospects for many investor favorite stocks over the past week. * The week's bullish calls included automakers and a recovering retailer. * Beverage giants and a satellite radio leader were among the bearish calls.The major U.S. indexes finished a busy and hectic first week of 2021 with modest gains, led by a 2.4% rise in the Nasdaq. The historic Georgia runoff election results were followed by seditious violence in Washington, D.C., that was widely condemned, failed to stop certification of presidential election results and has led to some blowback on the current president already.In addition, there was more good news about the COVID-19 vaccines, even as the pandemic led to further lockdowns. An aerospace leader appeared set to put its troubles behind it, only to face fresh bad news. Meanwhile, a transportation and delivery giant aims to expand its air cargo fleet.Also last week, a financial giant faced new federal scrutiny, Bitcoin continued to soar, and the latest jobs numbers were ugly.Through it all, Benzinga continued to examine the prospects for many of the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.Bulls In "Why The Biden Administration Could Be Very Bullish For Ford, GM," Wayne Duggan discusses why Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) are likely to see their fair share of $40 billion in federal funding intended for clean energy efforts."4 Reasons Why Li Auto Is Poised For 48% Compounded Annual Growth Over By 2025" by Shanthi Rexaline examines four reasons why Chinese electric vehicle startup Li Auto Inc. (NASDAQ: LI) is poised to outperform in the near to medium term, according to one top analyst.Priya Nigam's "BofA Upgrades Mastercard On 'Potentially Priceless Opportunity'" focuses on how Mastercard Inc (NYSE: MA) could benefit from pent-up demand for both domestic and cross-border leisure travel, an opportunity not reflected in the recent share price.Enterprise Products Partners LP (NYSE: EPD) is among "Bond King" Bill Gross's top picks for 2021. So says Chris Katje's "Tesla, SPACs 'May Struggle,' Natural Gas To Shine In 2021: Bill Gross." See why it and peers could outperform the favorites of "day trading Robinhoods."In Jayson Derrick's "Why The Year Ahead Looks Promising For Bed Bath & Beyond," see why specialty retailer Bed Bath & Beyond Inc. (NASDAQ: BBBY) showed strong momentum heading into the new year, lifting expectations for its upcoming fiscal third-quarter earnings report.For additional bullish calls of the past week, also have a look at the following: * 4 Reasons The Stock Market Rally Could Resume In 2021 * Jim Cramer's 9 Dividend Stock Picks For Fixed Income Investors * Georgia Runoff Results Bode Well For Cannabis If Lawmakers Follow Through, Industry Pros SayBears In Wayne Duggan's "Michael Burry To Tesla Investors: 'Enjoy It While It Lasts'," see why a former hedge fund manager is sticking with his bearish bet on Tesla Inc (NASDAQ: TSLA) even though other bears have thrown in the towel and upgraded the stock. Will the Tesla story ultimately end poorly?"RBC Highlights Valuation Concerns In Coca-Cola, PepsiCo Downgrades" by Jayson Derrick shows why the bullish case for beverage giants Coca-Cola Co (NYSE: KO) and PepsiCo, Inc. (NYSE: PEP) has come to an end. What growing pains and headwinds do they face?Henry Khederian's "Is SiriusXM Screwing Up By Potentially Losing The New 'King of All Media' Dave Portnoy?" argues that Sirius XM Holdings Inc (NASDAQ: SIRI) has backed the wrong horse by choosing to renew Howard Stern's contract.Increased regulation and legislation are likely to affect the financial liability of 3M Co (NYSE: MMM), according to "Why A Democratic Congress Is Turning This 3M Analyst Bearish" by Priya Nigam. See why negative headlines and lawsuits may be ahead.For more bearish takes, be sure to check out these posts: * Airlines Expect Turbulent 2021 After 2020 Erased Two Decades Of Passenger Traffic Growth * Scott Nations Is Bearish On 10-Year TreasuriesAt the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.Photo courtesy of Ford.See more from Benzinga * Click here for options trades from Benzinga * Barron's First Picks And Pans Of 2021: Disney, Home Depot, Intel, Nike, Nordstrom And More * Notable Insider Buys Of The Past Week: Danimer Scientific, Cheniere Energy Partners And More(C) 2021 Benzinga does not provide investment advice. All rights reserved.

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  • PepsiCo (PEP) Outpaces Stock Market Gains: What You Should Know

    PepsiCo (PEP) closed the most recent trading day at $144.18, moving +1.2% from the previous trading session.

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  • Three Cuts in Three Days: Why Wall Street Is Suddenly Hating on Coca-Cola

    Coke is falling almost 3% on Wednesday, following the stock’s third downgrade in as many days, as analysts grapple with the beverage giant’s future amid the uncertain timing of a post-pandemic reopening. Deutsche Bank analyst Steve Powers cut his rating on (KO) stock (ticker: KO) to Hold from Buy, and lowered his price target to $55 from $57. Coke gets a much greater portion of its business from away-from-home consumption, at places ranging from restaurants to movie theaters, than does rival (PEP) (PEP), which makes the timing of a reopening all the more salient for the stock.

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