Bernstein Initiates Coverage on PepsiCo (PEP) as International Strength Offsets North America Challenges

PepsiCo, Inc. (NASDAQ:PEP) ranks among the best set-it-and-forget-it stocks to buy right now. On June 11, Bernstein SocGen Group began coverage of PepsiCo, Inc. (NASDAQ:PEP) with a Market Perform rating and a price objective of $143. The firm identified issues in the company’s snacking industry, pointing out that PepsiCo, Inc. (NASDAQ:PEP) endures the most challenging category condition across companies in its covered universe and is losing its market dominance.

In contrast, Pepsico’s international business remains strong and profitable, countering some of its North American problems. According to Bernstein, the market understands this edge quite well.

The firm anticipates 3% year-over-year earnings per share increase during the upcoming twelve months and the subsequent twelve months.

Moreover, Barclays analysts have highlighted that consumer products companies, such as PepsiCo, Inc. (NASDAQ:PEP), can manage rising input costs while preserving profit margins. This review comes as the SEC considers switching U.S. public corporations to semi-annual financial reporting.

One of the most well-known names in the world, PepsiCo, Inc. (NASDAQ:PEP), is an American multinational company involved in the food, snack, and beverage sectors.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.