PepsiCo Stock: Q3 Operating Margins Proof That Its Strategy Is Paying Off (NASDAQ:PEP)


Pepsi And Frito Announce Plans To Cut Sodium, Sugar, And Fat From Products

Joe Raedle

Investment Thesis

PepsiCo (NASDAQ:PEP) had a decent third quarter, with strong operating margins more than offsetting modest volume declines. In this article, I talk about the key highlights of the company’s third quarter, especially how the company’s strategy to sell smaller

Forward P/E Approach

Price Target

$181.00

Projected Forward P/E Multiple

22.5x

Forward PEG Ratio

2.35x

Projected EPS Growth Rate

9.57%

Projected FY23 EPS

$7.33

Projected FY24 EPS

$8.03



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