TD Cowen Lifts PT on PepsiCo (PEP) to $165 From $162 – Here’s Why

PepsiCo, Inc. (NASDAQ:PEP) is 1 of the champion sweetener stocks to bargain according to hedge funds. On February 20, TD Cowen lifted the terms people connected PepsiCo, Inc. (NASDAQ:PEP) to $165 from $162, maintaining a Hold standing connected the shares and telling investors that the institution provided colour connected its turnaround strategy, reiterated its 2026 guidance, and expressed assurance it tin instrumentality to 4%-6% income maturation by the 2nd fractional of 2026.

In a abstracted development, PepsiCo, Inc. (NASDAQ:PEP) announced connected February 19 its enlargement into a caller nutrient class with the motorboat of a ready-to-heat scope of rootlike soups nether its Alvalle brand. Management reported that the scope builds connected the brand’s occurrence successful the packed gazpacho crockery class and aligns with user trends toward health, convenience, and plant-based eating, and customers seeking ready-to-eat, nutritious meals.

PepsiCo, Inc. (NASDAQ:PEP) further reported that the enlargement aligns with the company’s absorption arsenic a nutrient institution rooted successful agriculture, and marks its latest inaugural into broadening its nutrient portfolio crossed the globe, pursuing caller acquisitions specified arsenic Siete Foods and Sabra dips.

PepsiCo, Inc. (NASDAQ:PEP) manufactures, markets, distributes, and sells beverages, food, and snacks. The institution operates successful the pursuing segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.