127.41 +0.32 (0.25%)
After hours: 7:26PM EDT
|Bid||127.21 x 800|
|Ask||128.25 x 800|
|Day's Range||126.73 - 128.26|
|52 Week Range||95.94 - 128.26|
|Beta (3Y Monthly)||0.56|
|PE Ratio (TTM)||14.35|
|Earnings Date||Apr 24, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||3.71 (3.03%)|
|1y Target Est||119.00|
CNBC's Sara Eisen breaks down PepsiCo.'s earnings and what it means for the food and beverage industry. The stock is rallying on an earnings beat.
Hugh Johnston, vice chairman and CFO of PepsiCo, joins CNBC's Sara Eisen to discuss the company's first quarter of 2019. The company beat both on the bottom and top lines.
It’s been a mixed bag for beverage investors in recent quarters, but one analyst reiterated coverage of three beverage names on Thursday and said there’s an excellent buying opportunity for selective investors. ...
For most people today, Coca-Cola (NYSE:KO) is a brand and a significant piece of Americana. Many even consider it their prime choice among beverage-makers. However, what it isn't -- unfortunately -- is a viable investment. I'm sad to say this, but KO stock is incredibly frustrating.Source: Coca-Cola * 5 Dividend Stocks Perfect for Retirees Historically, Coca-Cola stock just exists to pay out its fairly generous 3.4% dividend yield. Certainly, though, this is not the platform to get rich on. Over the past five years, KO shares have gained less than 15%. With a performance like that, this legacy firm isn't going to endear itself to the younger crowd.Even more maddening, KO stock performed admirably late last year. This was in the face of a broader market meltdown that gutted several relevant names. Finally, it appeared that management was making substantive progress toward its re-branding efforts.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, the numbers told a different tale. Revenues for the fourth quarter of 2018 slumped badly against the year-ago level. KO stock is currently on the recovery path after Q4's devastating numbers. The question, of course, is whether you should trust this rally?If any investment suffers from this-time-it's-different syndrome, it's KO stock. However, risk-tolerant buyers may want to check out these three underappreciated tailwinds: KO Stock Can Rule a Still-Popular Soda MarketYou've heard it a million times: soda is a dying beverage category. Moreover, as younger people eschew sugary drinks for healthier alternatives, that leaves little room for KO stock and rivals like PepsiCo (NASDAQ:PEP). Seemingly, the Q4 figures add weight to this bearish argument.If that wasn't bad enough, both Coca-Cola and Pepsi cater to an older demographic. According to a 2016 Adweek report, Coke was the favored beverage among those aged 35 to 44 years. And for Pepsi? Try the retirement community -- those aged 65 years and up.But on the flipside, several soda brands are making a comeback, including Slice soda and Jolt Cola. As I mentioned earlier this year, this product revival is too young to make an accurate assessment of its success. However, if demand didn't exist, investors wouldn't risk their money on such a speculative venture.Moreover, more recent data indicates that American consumers still love carbonated drinks. KO's management team is looking to advantage this trend with their premium Smartwater brand. This might turn out to be a great move for Coca-Cola stock. With Smartwater, the company can apply the desired carbonation with the equally-desired "healthy" tag. Millennials Are the Healthy Generation? Think Again!As we just discussed, a major impediment to Coca-Cola stock is the millennial generation. Several sources refer to this demographic as the healthier generation: they smoke less, they exercise more and they make better nutritional choices.But what if I told you that this was all BS? Well, it is. And don't take my word for it; instead, listen to the Pentagon.According to the Department of Defense, more than 70% of Americans aged 17 to 24 are ineligible for military service. Why? The two most-cited reasons are health and inadequate physical fitness. As a result of this dearth of qualified recruits, some military branches are lowering standards for enlistment!So what's causing this disconnect between perception and reality? I genuinely believe that millennials think they're making healthier choices; hence, their flawed answers to survey questions. But expanding waist sizes and pools of unqualified military recruits tell the real tale: millennials are actually the least healthy generation.That's a big plus for Coca-Cola stock because it's not the product that's the impediment, but the marketing. Change the marketing -- which the company is already doing -- and KO will eventually score the coveted millennial demo. Coca-Cola Isn't Just About SodaWhile KO stock has frustrated investors to no end, I hope that my contrarian arguments provide some food for thought. The soda market, as ugly as it might look now, isn't quite so terrible when you drill into the details.But despite the brand name, Coca-Cola stock isn't just about soda. The company offers the full spectrum of beverages, ranging from premium water to natural juices to the sugary concoctions.I've mentioned this before, but one segment to watch closely is Coca-Cola's acquisition of Costa Coffee. While analysts have criticized KO for paying a hefty premium for Costa, the buyout provides a viable channel into China. Taking a chunk of Chinese market share will do wonders for overall growth.On the surface, that's not easy considering giant rivals like Starbucks (NASDAQ:SBUX) are already operating in the region. However, don't dismiss Coca-Cola so easily. Through its Japan-based Georgia Coffee brand, KO has substantial experience delivering successful results in the Asian market. * 10 Best Stocks to Buy and Hold Forever Let me emphasize that KO stock will likely require patience. However, the fundamental tools are in place for a surprising -- and sustainable -- recovery.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post 3 Tailwinds to Consider for KO Stock Before Calling It Quits appeared first on InvestorPlace.
Will Coca-Cola’s First-Quarter Results Boost Its Stock?(Continued from Prior Part)Back on growth trackCoca-Cola’s (KO) revenue has declined for 15 consecutive quarters due to adverse foreign currency movements and the impact of the refranchising
PURCHASE, N.Y., April 18, 2019 /PRNewswire/ -- PepsiCo Recycling is excited to announce the 27 colleges and universities set to earn funding for campus sustainability initiatives in the 2018-19 school year through the Zero Impact Fund. Among the most unique projects in this year's winning group include entries from Georgia College & State University, UNC Charlotte, Furman University, Centre College, Otterbein University, and Ohio University.
As the market processes fresh data, a stock's price moves to mirror investors' changing perceptions of that company. What about information that isn't yet available to the public, but is anticipated by a number of market participants? For example, I don't believe it's a coincidence that PepsiCo Inc.
Will Coca-Cola’s First-Quarter Results Boost Its Stock?Stock movement ahead of results Coca-Cola (KO) is scheduled to announce its first-quarter results on April 23. Coca-Cola stock was down 0.1% on a YTD basis as of April 17. Coca-Cola stock has
PepsiCo shares jump 3.8% in the key trading session after beating on the both lines in Q1 earnings. The results boost these staples ETFs.
U.S. stocks ended slightly lower on Wednesday as a drop in healthcare shares overshadowed a string of positive corporate earnings and upbeat economic data from the United States and China. All three major ...
Strong sales of its namesake drink helped the beverage company beat first quarter profit and revenue forecasts. The chipmaker said it would exit the market for 5G smartphone modems and will focus on opportunities in computer modems and other devices. Media reports cast doubt on regulatory approval for the telecommunications company's $26.5 billion merger with Sprint.
Plunging healthcare stocks dragged Wall Street lower on Wednesday, offsetting a spate of upbeat corporate earnings and encouraging economic data from the United States and China. All three major U.S. stock indexes were down, but the S&P 500 slipped to more than a percent below its record high reached in September.
PepsiCo Stock Rises after Crushing Q1 Expectations(Continued from Prior Part)Snack food business is a key growth driver PepsiCo (PEP) reported impressive first-quarter earnings results today. The company’s revenue rose 2.6% on a reported basis to
PepsiCo (PEP) stock soared over 3% this morning following a huge earnings beat, hitting an all-time high of $126.85. Earnings came in at $0.97 per share vs. the $0.92 estimate and sales were reported at $12.88 billion vs. the estimated $12.65 billion, both of which illustrated YoY growth. KO is announcing Q1 earnings one week from today on April 24th.
Check out the companies making headlines midday Wednesday:Qualcomm QCOM — Qualcomm surged 12.3%, adding to Tuesday's gains after news broke that the chipmaker reached a settlement with Apple over their royalty dispute , dropping all legal action between the two companies worldwide.
PepsiCo earnings for the first quarter of the year have PEP stock heading higher on Wednesday.Source: Shutterstock PepsiCo (NASDAQ:PEP) starts off its earnings report for the first quarter of 2019 with earnings per share of 97 cents. This is up from the company's earnings per share of 96 cents from the first quarter of 2018. It was also good news for PEP stock by beating out Wall Street's earnings per share estimate of 92 cents for the period.Net income reported in the PepsiCo earnings release for the first quarter of the year comes in at $1.42 billion. This is an increase over the company's net income of $1.35 billion reported in the same period of the year prior.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe PepsiCo earnings report for the first quarter of 2019 also has operating income coming in at $2.01 billion. The maker of snacks and drinks reported operating income of $1.81 billion for the first quarter of the previous year.PepsiCo earnings for the first quarter of the year also see it reporting revenue of $12.88 billion. This is better than the company's revenue of $12.56 billion reported during the same time last year. It was also a boon to PEP stock by coming in above analysts' revenue estimate of $12.70 billion for the quarter. * 7 Stocks to Buy for Spring Season Growth PepsiCo also provides guidance for the full year of 2019 in its most recent earnings report. The company says that it is expecting earnings per share for the year to come in at $5.50. Wall Street is looking for earnings per share of $5.51 for the year.PEP stock was up 3% as of noon Wednesday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post PepsiCo Earnings: PEP Stock Bubbles Higher on Q1 Topper appeared first on InvestorPlace.
PepsiCo Stock Rises after Crushing Q1 ExpectationsUpbeat results PepsiCo (PEP) stock had risen 3.0% as of 10:44 AM EDT on April 17 after the company announced better-than-expected earnings results for the first quarter of 2019, which ended on March
posted stronger-than-expected first-quarter earnings Wednesday after recording the fastest pace of organic sales growth in more than three years. PepsiCo said earnings for the three months ended in March came in at $1 per share, up from 94 cents over the same period in 2018 and well ahead of the Street consensus of 93 cents per share. Group revenues, PepsiCo said, were also ahead of forecast at $12.88 billion and up 2.5% from the same period last year.
Shares of PepsiCo hit a record high of $125.92 in morning trading after the company said its core sales grew at the fastest pace in more than three years. The results come as a boost for Chief Executive Officer Ramon Laguarta who took over from Indra Nooyi six months ago. Under his watch, Pepsico has spent more on advertising, raised production capacity, while tweaking its supply chain to focus more on healthier snacks and beverages.