Why PepsiCo Is An Opportunity For Investors With A Long-Term Time Horizon
Why PepsiCo Is An Opportunity For Investors With A Long-Term Time Horizon
The uncertainties around PepsiCo Inc's (NASDAQ:PEP) performance in 2025 are already priced into the stock, according to Piper Sandler.
根據派傑投資，百事可樂公司（納斯達克：PEP）在2025年的表現不確定性已經反映在股票中。
The PepsiCo Analyst: Analyst Michael Lavery initiated coverage of PepsiCo with an Overweight rating and a price target of $171.
百事可樂分析師：分析師邁克爾·拉弗裏對百事可樂給予超重評級，目標價爲171美元。
The PepsiCo Thesis: In the back half of 2024, the company started promotional discounting for Frito-Lay North America, which has been the driver its EBIT growth over the last few years, and the lower prices could run through at least the first half of 2025, Lavery said in the initiation note.
百事可樂論點：在2024年下半年的時候，公司開始在美國Frito-Lay進行促銷折扣，這推動了其近期幾年的EBIT增長，拉弗裏在啓動報告中表示，較低的價格可能會持續到2025年上半年。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
With U.S. consumer spending remaining under pressure, PepsiCo promoted more aggressively to maintain household penetration, the analyst stated. He added, however, that the company some of the company's new promotions and price points "proved unprofitable."
分析師表示，由於美國消費支出持續承壓，百事可樂進行更積極的促銷以維持家庭滲透率。他補充說，然而，該公司的部分新促銷和價格點「被證明沒有盈利。」
"We expect it to focus more carefully on self-funded promotions in 2025, with much more modest margin headwinds in FLNA," Lavery further wrote.
拉弗裏進一步寫道：「我們預計它在2025年會更仔細地專注於自籌資金的促銷，在Frito-Lay North America的利潤壓力會更加溫和。」
"While the business is challenged, the promotional environment remains uncertain, and investor sentiment on PEP is negative, we believe this may present a buying opportunity for investors with a long-term time horizon," he further stated.
他進一步表示：「雖然該業務面臨挑戰，促銷環境仍不確定，投資者對PEP的情緒較爲消極，但我們認爲這可能爲長期投資者提供一個買入機會。」
PEP Price Action: Shares of PepsiCo are down 0.19% to $146 at the time of publication on Tuesday.
PEP價格動態：截至週二發佈時，百事可樂的股票下跌0.19%，報價146美元。
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Photo: Shutterstock
Photo: Shutterstock
譯文內容由第三人軟體翻譯。