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PepsiCo (NASDAQ:PEP) shares continued to lose for seven consecutive sessions of losses, as the stock closed down 0.3% at $163.3 on Thursday.
The New York-based beverage giant lost about 6% in the previous six sessions. The stock has lost more than 3% so far this year, compared to the more than 13% increase in the broader S&P 500 index.
The PEP is down 10% in the last month. The stock closed 0.7% lower on Thursday at $163.83.
As for Seeking Alpha's quantitative rating, PEP has a Strong Buy rating with a score of 4.60 out of 5. The company received an A+ for profitability outlook and a D+ for valuation.
As for the Wall Street community, 10 analysts gave PEP a Buy or better. 12 analysts have given the stock a Hold recommendation and one recommended a Strong Sell.
Analysts at Looking Alpha are also cautious and view the stock as a Hold.
“While this well-known food and beverage supplier has been able to rely on price increases in recent years, management will likely face greater challenges going forward,” a recent Seeking Alpha analysis said, adding that PepsiCo is increasingly facing signs that consumers are pulling back and currency market headwinds remain strong.
However, another analysis from Seeking Alpha noted that PepsiCo could be positioned to generate a cumulative total return of 30% through 2026.
In early April, PEP beat consensus estimates with its first-quarter earnings report, with organic sales up 2.7% during the quarter versus +2.3% consensus.
