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. Stock
€159.10
0.680%
With 22 Buy predictions and not a single Sell prediction PepsiCo Inc. is an absolute favorite of our community.
As a result the target price of 174 € shows a slightly positive potential of 9.37% compared to the current price of 159.1 € for PepsiCo Inc..
