PepsiCo Stock News

PepsiCo is set to report earnings Thursday morning, with traders expecting a move that could take the stock to a six-year low.

Danish brewer Carlsberg said on Monday it had agreed to buy PepsiCo's ​bottlers in Georgia and Armenia, expanding its ‌partnership with the US group as it increases its exposure to soft drinks.

In addition to Fed minutes, this week will also bring data on consumer sentiment and service-industry activity. Constellation Brands and Applied Digital will report earnings.

PepsiCo Inc (NASDAQ:PEP, XETRA:PEP)'s slow North American recovery is more than reflected in its valuation, UBS wrote, highlighting attractive medium-term risk and reward alongside its "buy" rating. Pepsi reports third-quarter results on October 8 before the market opens, with the broker's unchanged earnings forecast of $2.28 per share below the consensus of $2.30.

European soft drinks value growth slowed to 4.6% in the four weeks to 6 September from 12.0% previously, as volume growth moderated sharply, Jefferies said. Volume growth eased to 1.4% from 9.2%, while price and mix contributions increased to 3.2% from 2.8%, with the broker pointing to favourable weather as support.

PepsiCo ​and Monster Beverage have sued India's food regulator for banning their use of the "energy drink" label, non-public ‌court filings show, escalating a regulatory fight that has jolted a sector expected to be worth $1.6 billion by 2028.

PepsiCo shares PEP fell on Tuesday after JPMorgan became the second major bank this week to downgrade the food and beverage giant, citing a stalled turnaround in its North American business, rising costs and growing uncertainty over the company's strategy. The stock slipped about 0.47% even as broader US market indices remained flat.

TD Cowen analysts flagged the company's “shifting narrative on affordability” as a risk.