Pepsi (PEP) Stock Analysis: Buy Stock At All Time High?

This content was made for video and podcast format:



Earlier this year there was a big shift from growth stocks to value stocks as inflation and interest rose. That means investors took profits in frothy names like Teldadoc (TDOC), NIO, and Coinbase (COIN), to move into value names like Pepsi (#PEP).

Shares of #Pepsi were trading at $129 in March of this year and just recently closed at $155.79, which is a +20% move in four months. Can it keep going?

Earlier this week the company surprised investors with a substantial earnings beat. They reported Q2 Non-GAAP EPS of $1.72 (beats by $0.19) and revenue of $19.22B (+20.5% Y/Y), beating by $1.27B.

It was impressive to see large growth in a mature company and management signaled that it's not over by forecasting to deliver a 6% organic revenue increase. Should investors be buying into the bullish Pepsi sentiment and purchase shares at all time highs?

Create a Webull account and receive FREE stocks

Create a FREE TradingView account and start charting your technical analysis

Contact me if you have any questions or inquiries