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Last month PepsiCo (#PEP) announced their Q4 earnings and beat analyst expectations! The company reported Non-GAAP EPS of $1.47 (beat by $0.01) and revenue of $22.46B (+8.8% Y/Y).
Shares of #Pepsi are currently trading at $133, which are down from high's of $148 (-10.6%). Total net incomes for the year of 2020 were down in comparison to 2019, but quarterly earnings are coming back strong which does signal strength going into 2021. Should investors buy the dip in Pepsi shares?