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Shares of PepsiCo Inc. PEP tanked after the company reported a sales decline for the first quarter on Thursday.
The driving force behind the recent volatility in the stock and bond markets can be boiled down to one specific item: the threat of tariffs and a global trade war.
Buying dividend stocks is always a smart plan. They have historically outperformed non-dividend payers by more than two-to-one (9.2% annualized return compared to 4.3% over the last 50 years, according to data from Hartford Funds and Ned Davis Research).
Big food companies raised prices more than they needed to during the pandemic, and are now paying the price as consumers look for cheaper—and healthier—alternatives
The 'Fast Money' tackles Thursday's biggest movers including: Hasbro, PepsiCo, and United Rentals.
PepsiCo plans to speed up a move away from artificial dyes in its US food business, its CEO said, amid a presidential effort to “Make America Healthy Again.”
The share price of PepsiCo (PEP -5.18%), the food and beverage giant, was falling today after the company reported mixed results for its first quarter and cut its earnings forecast for the full year.
Ahead of the opening bell this Thursday morning, Initial Jobless Claims came in at 222K for last week, slightly above estimates but certainly within range that demonstrates a continued healthy labor market. The previous week's print of 216K was ratcheted up just slightly on revision.
While Jobless Claims and Durable Goods outperformed, we saw mixed results in Q1 earnings this morning.
PEP's Q1 results reflect resilience amid global challenges, rising trade-related costs and macro uncertainty, which are expected to increase supply-chain costs ahead.