Pepsi Reported Higher Revenue and Earnings. So Why Is the High-Yield Dividend Stock Hovering Around a 52-Week Low?
The company also topped analyst estimates, but that clearly wasn't good enough for Mr. Market.
Overview
Investors weren’t too eager to take a swig of PepsiCo (NASDAQ:PEP) after the beverage and snacks giant reported second-quarter results early on Thursday. This, despite headline figures that — depending on which consensus numbers are used — beat analyst estimates. The company’s shares slid by more than 3% that trading session, contrasting poorly with the 0.8% rise of the bellwether S&P 500 index.
Let’s tuck into PepsiCo’s quarter to find out why it was such a flat, warm can of soda for many market players.
Image source: Getty Images.
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Originally published at www.fool.com.
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