PepsiCo Q4 Beats Estimates; UBS Raises Target 12% to $190 and Waterloo Boosts Stake 82%
PepsiCo posted $29.34 billion revenue and $2.26 adjusted EPS in Q4, topping estimates and prompting UBS to raise its target to $190 and Bank of America to $173. Waterloo Capital increased its stake by 81.7% to 7,708 shares.
1. Q4 Results and Analyst Target Revisions
PepsiCo generated $29.34 billion in revenue and $2.26 in adjusted EPS during its fourth quarter, surpassing analyst expectations of $28.97 billion and $2.24. In response, UBS lifted its share price target to $190 from $170 while Bank of America raised its target to $173 from $164, maintaining their respective Buy and Neutral ratings.
2. Price Cuts Ahead of Super Bowl
As part of its earnings announcement, PepsiCo revealed plans to cut prices on select snacks by up to 15% in the lead-up to the Super Bowl, aiming to boost volume and consumer engagement during one of the industry’s busiest promotional periods.
3. Jim Cramer’s Commentary
TV personality Jim Cramer highlighted PepsiCo’s recent performance, describing the stock’s gains as “crazy” and pointing to aggressive pricing moves in its Frito-Lay division as a catalyst for continued upside.
4. Waterloo Capital’s Stake Increase
In a recent SEC filing, Waterloo Capital L.P. disclosed it raised its PepsiCo holdings by 81.7% during the third quarter, acquiring an additional 3,467 shares to bring its total stake to 7,708 shares.