PepsiCo Inc Stock Buy Recommendation Reiterated (PEP)
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- The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Beverages industry average. The net income increased by 17.4% when compared to the same quarter one year prior, going from $1,415.00 million to $1,661.00 million.
- Net operating cash flow has slightly increased to $3,361.00 million or 8.07% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -2.83%.
- PEPSICO INC has improved earnings per share by 19.1% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, PEPSICO INC reported lower earnings of $3.92 versus $4.02 in the prior year. This year, the market expects an improvement in earnings ($4.39 versus $3.92).
--Written by a member of TheStreet Ratings Staff. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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