As MGP Ingredients joins peers on the list of new buys by top funds, MGPI stock looks to distill a breakout. Read More...
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This Soft Drink Stock Looks Pretty Sweet as We Savor Earnings Data
Earlier this morning we touched on “Two”-rated PepsiCo delivering better-than-expected June-quarter results and lifting its 2022 organic revenue outlook to 10% vs. its prior guidance of 8%. Lending a helping hand to those EPS comparisons, PepsiCo repurchased 3.1 million shares at an average prices of $168.66 during the quarter. The company’s Q2 revenue gains, up 5.2% year-over-year on a reported basis and 13.0% on an organic revenue basis, were largely driven by the Frito-Lay North America, Quaker Foods North America, and Latin America segments.
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