Is PepsiCo (PEP) Overpriced?
Published in
4 min readApr 23, 2024
Skeptics will wonder if Mr. Market overprices PepsiCo (PEP) because the soft drink and snack food giant’s revenues are falling.
For example, PepsiCo’s quarterly revenues fell by 0.52% from $28.08 billion in December 2022 to $27.85 billion in December 2023. However, PepsiCo’s quarterly net income grew by an astonishing 151.35% from $518 million in December 2022 to $1.3 billion in December 2023.