Jefferies downgraded PepsiCo due to struggles in US business, causing shares to slip

From StockTwits: 2025-03-12 23:00:15

Jefferies downgraded PepsiCo to Hold from Buy with a price target of $170, citing limited upside in the stock which has rallied 7% from January lows. Frito Lay’s struggles were highlighted, with volumes falling 3% due to higher food prices and budget-conscious consumers. Despite this, one bullish investor is hopeful for a 5% dividend raise. PepsiCo’s Q4 earnings beat EPS estimates at $1.96 but missed revenue estimates at $27.8 billion. The company, along with others, seeks tariff exemptions for certain ingredients. Pepsi shares are down 2.6% year-to-date, with Frito’s inflection expected to take time to improve.



Read more at StockTwits: PepsiCo Shares Slip On Jefferies Downgrade Over ‘Struggling’ US Business: Retail Mood Sours