Buy / Hold Stocks

[gfp927z]

>>> PepsiCo Inc. (PEP) reported robust second-quarter 2023 earnings. The results reflected strength and resilience in its diversified portfolio, modernized supply chain, improved digital capabilities, flexible go-to-market distribution systems and robust consumer demand trends. Resilience and strength in the global beverage and food businesses also aided results.


https://finance.yahoo.com/news/fed-dampens-wall-street-sentiments-121000701.html


PEP expects organic revenue growth of 10% for 2023 compared with the 8% rise estimated earlier. PEP expects core earnings per share of $7.47 for 2023 compared with $7.27 forecast earlier.

PepsiCo has an expected revenue and earnings growth rate of 6.7% and 10.2%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.9% over the last 60 days. PEP has a current dividend yield of 2.94%.

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