Pepsico No Longer Bullish?

Discussion in 'Finance Related News' started by Raff, Oct 4, 2017.

  1. Raff

    Raff New Member

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    Pepsi has always been one of my favorite stocks. But over the past two days, I have this feeling that the stock is no longer bullish. First, a day ahead of earnings, Jefferies downgraded it with a price target of 108 from 133. And as Jefferies noted, North America was the dark spot on Pepsi's Q3 revenues. Pressure from peer companies as well as newbie firms are also mounting. Adding to all this, the company slashed its FY organic revenue outlook from 3% to 2.3%. Now what do I make out of all this?
     
  2. gowiththeflow

    gowiththeflow Senior Investor

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    Share price chart does not look good!

    [​IMG]
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    That chart is terrible! Was this not one of Warren Buffet's long term holds?
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    Looks like a "dead cat" bounce to me - horrible term but you know what I mean. More downside in the short term in my opinion.
     
  5. JR Ewing

    JR Ewing Super Moderator Staff Member

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    Buffett is a Coke owner. Don Yacktman owns 8 million shares of PEP though.
     
  6. longtermbull

    longtermbull Administrator Staff Member

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    Ah Buffett owns Coke. However, the Pepsi share price graph does not look good at all.
     

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