Yes, I'd Still Buy PepsiCo Stock Despite Q2's Revenue Miss. Here's Why.
There's no skirting the fact that beverage and snack producer (NASDAQ: PEP) missed the mark last quarter. Although earnings rolled in better than expected, sales fell short of estimates.
Revenue guidance for the remainder of the year was lackluster as well. Shares initially fell in response to Thursday morning's release of the news.
But there's a reason PepsiCo stock was bouncing back later that very day: Most investors seem to be seeing the same things I am. In fact, here's exactly why I would be a buyer of the stock despite the company's second-quarter sales shortfall.
Source Fool.com
PepsiCo Inc. Aktie
158,04 €
0,19 %
Reines Buy-Sentiment für PepsiCo Inc., keine Sell-Einschätzungen in Sicht.
Das Kursziel von 174 € für PepsiCo Inc. impliziert eine leichte Steigerung gegenüber dem aktuellen Kurs von 158.04 €.
