PepsiCo Stock Price Today: Pounding 2% Higher to Reach $168

PepsiCo, Inc. (NASDAQ: PEP), a global food and beverage giant, has seen its stock price climb steadily over the past year, and today is no exception. As of 10:00 AM EST, PEP shares are trading at $168.01, up 2.02% from yesterday's close. This latest surge adds to the company's impressive performance in 2023, which has seen its stock price rise by over 10%.

Factors Driving PepsiCo's Stock Price Surge

Several factors are contributing to PepsiCo's strong stock performance:

• Strong Financial Performance: PepsiCo has consistently reported robust financial results, with revenue and earnings exceeding analysts' expectations. In 2022, the company reported net revenue of $76.4 billion, an increase of 8.7% year-over-year. Adjusted earnings per share (EPS) grew by 11% to $6.53.
• Expansion into New Markets: PepsiCo is actively expanding into emerging markets, particularly in Asia and Latin America. This strategy has fueled growth in key product categories, such as snacks, beverages, and foodservice.
• Innovation and Product Diversification: PepsiCo continues to invest in innovation, launching new products and expanding existing brands. The company's recent acquisition of SodaStream and its investment in plant-based foods demonstrate its commitment to diversifying its product portfolio.

Analyst Outlook

Analysts are generally bullish on PepsiCo's stock, citing its strong financial performance, global expansion strategy, and focus on innovation. According to a recent survey, 75% of analysts recommend buying or holding PEP shares. The average 12-month price target for the stock is $180, representing potential upside of over 7%.

Key Financial Metrics

Key Earnings Trends

FAQs

• Is PepsiCo a good stock to buy today?
  According to analysts, PepsiCo is generally considered a buy or hold recommendation, with potential upside of over 7%.

  

• What is the outlook for PepsiCo's stock price?
  Analysts are optimistic about PepsiCo's stock price, citing its strong financial performance, global expansion strategy, and focus on innovation.

• What are the risks to investing in PepsiCo?
  Potential risks include economic downturns, competition from rivals, and changes in consumer preferences.

• How can I track the performance of PepsiCo's stock?
  You can track the performance of PEP shares through financial news sites, brokerage accounts, or investment apps.

Tables:

• Comparative Financial Performance:
  | Metric | PepsiCo | Coca-Cola |
  |---|---|---|
  | Revenue (2022) | $76.4 billion | $45.8 billion |
  | Adjusted EPS (2022) | $6.53 | $2.97 |
  | Dividend Yield | 2.6% | 2.9% |

  

• Analyst Recommendations:
  | Firm | Recommendation | Price Target |
  |---|---|---|
  | Morgan Stanley | Buy | $185 |
  | Goldman Sachs | Hold | $178 |
  | Citigroup | Buy | $190 |

• Historical Stock Price Performance:
  | Year | Stock Price | Change |
  |---|---|---|
  | 2019 | $132.51 | - |
  | 2020 | $145.89 | 10.1% |
  | 2021 | $160.22 | 9.8% |
  | 2022 | $152.34 | -4.9% |
  | 2023 (YTD) | $168.01 | 10.3% |

• Quarterly Financial Results:
  | Period | Revenue | Adjusted EPS |
  |---|---|---|
  | Q1 2022 | $12.6 billion | $1.53 |
  | Q2 2022 | $19.2 billion | $2.09 |
  | Q3 2022 | $20.2 billion | $2.21 |
  | Q4 2022 | $24.4 billion | $2.36 |