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What Wall Street's Top Analysts Say About Coca-Cola, PepsiCo And Other Big Beverage Stocks Reporting Earnings

Published 28/10/2022, 13:16
Updated 28/10/2022, 14:40
© Reuters. What Wall Street's Top Analysts Say About Coca-Cola, PepsiCo And Other Big Beverage Stocks Reporting Earnings

As the peak season for the third quarter gets underway, several beverage companies have released their earnings reports and investors await reports from other major firms.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Here's a look at some of the big beverage stocks from several analysts, according to Benzinga Analyst Stock Ratings.

  • The Coca-Cola Company (NYSE: NYSE:KO)

Recent Analyst Ratings

  • Deutsche Bank’s analyst Steve Powers maintained a Hold rating on the company's stock on October 14, 2022, but lowered the price target from $65 to $59.
  • Accuracy Rate: 63%

  • Morgan Stanley (NYSE:MS) analyst Dara Mohsenian maintained an Overweight rating the company's stock on October 4, 2022, but slashed the price target from $74 to $68
  • Accuracy Rate: 72%

Recent News: Coca-Cola recently reported better-than-expected Q3 results and raised full-year guidance.

PepsiCo, Inc. (NASDAQ: NASDAQ:PEP)

Recent Analyst Ratings

  • Barclays (LON:BARC) analyst Lauren Lieberman maintained an Overweight rating on the company’s stock on October 14, 2022, and raised the price target from $183 to $185.
  • Accuracy Rate: 52%

  • Wells Fargo’s analyst Chris Carey maintained an Equal-Weight rating on the company's stock on October 13, 2022 and raised the price target from $172 to $174.
  • Accuracy Rate: 58%

  • RBC Capital’s analyst Nik Modi maintained a Sector Perform rating on the company's stock on October 13, 2022 and raised the price target from $165 to $170.
  • Accuracy Rate: 53%
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Recent News: PepsiCo recently reported upbeat Q3 results and raised 2022 guidance.

Starbucks Corporation (NASDAQ: NASDAQ:SBUX)

Recent Analyst Ratings

  • Piper Sandler analyst Nicole Miller Regan maintained a Neutral rating on the company’s stock on September 16, 2022, and raised the price target from $84 to $92.
  • Accuracy Rate: 74%

  • Morgan Stanley analyst John Glass maintained an Equal-Weight rating on the company's stock on September 15, 2022 and raised the price target from $88 to $96.
  • Accuracy Rate: 68%

Recent News: Starbucks, last month, increased its quarterly cash dividend from $0.49 to $0.53 per share. The company is scheduled to release its fourth quarter financial results after market close on Thursday, November 3, 2022.

Keurig Dr Pepper Inc. (NASDAQ: NASDAQ:KDP)

Recent Analyst Ratings

  • Deutsche Bank’s analyst Steve Powers maintained a Hold rating on the company’s stock on October 17, 2022, also increasing the price target from $37 to $38.
  • Accuracy Rate: 63%

  • Wells Fargo (NYSE:WFC) analyst Chris Carey reiterated an Overweight rating on the company's stock on October 3, 2022, but lowered the price target from $43 to $41.
  • Accuracy Rate: 58%

Recent News: Keurig Dr Pepper recently reported worse-than-expected Q3 sales results.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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