- PEP +0.51%
PepsiCo, Inc. (NASDAQ:PEP) is included among the 15 Best Boring Dividend Stocks to Buy.
Analysts Warn Shifting Consumer Trends Are Reshaping PepsiCo’s (PEP) Outlook Piper Sandler trimmed its price target on PepsiCo, Inc. (NASDAQ:PEP) to $161 from $162 on November 21, while maintaining an Overweight call on the stock, as reported by The Fly. The adjustment came as the firm refreshed its forecasts following recent GLP-1-related updates, rising ABV pressures, tariff changes, and several company-specific developments.
During the third quarter, PepsiCo, Inc. (NASDAQ:PEP)’s organic sales edged up 1.3%, but its adjusted EPS slipped 2% as consumers pushed back against higher prices. The company is also dealing with falling volumes across several parts of its portfolio.
Even so, management intends to push harder on innovation and streamline costs in an effort to return to steady product growth. PepsiCo, Inc. (NASDAQ:PEP) has navigated similar shifts before as soda consumption has been declining for two decades, and the company has still managed to deliver growth.
PepsiCo, Inc. (NASDAQ:PEP) is currently reshaping its product mix and cutting costs to strengthen operations, particularly in its supply chain, while also adapting to rising demand for healthier snacks and wellness-focused products. Many of its recent acquisitions expand the portfolio without overlapping its core soda and salty snack categories.
PepsiCo, Inc. (NASDAQ:PEP) manufactures, distributes, and sells a broad assortment of convenient food and beverage products.
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