Parkev Tatevosian, CFA 对 $PEP 的判断变化

2026-09-06看涨

《Think AI is a Bubble Waiting to Burst? 3 Relatively Safe Stocks You Can Buy》

百事（PEP）在140美元被低估，对比177美元的公允价值；尽管面临宏观不利因素和注重健康的消费者带来的近期销售/利润压力，预计12-18个月内有27%的上涨空间。

百事可乐是另一只被低估的股票，它与人工智能无关。我计算出的百事可乐公平价值为 177 美元，鉴于当前市场价格为 140 美元，我计算出百事可乐在未来 12 到 18 个月内有 27% 的上涨空间。

PepsiCo is another undervalued stock that is not linked to artificial intelligence. The fair value I calculated for PepsiCo is $177, and given the current market price of $140, I calculated a 27% upside for Pepsi over the next 12 to 18 months.

对于一家销售和利润稳定的相对安全的公司来说，这是一个罕见的低估值。当然，最乐观的因素之一，也是让我对百事可乐最乐观的事情，是它自身的经验。这是一项难以管理的业务。你必须与分销商合作，必须与供应商合作，必须处理制造，必须非常擅长营销，并且必须在全球范围内大规模地将所有这些整合在一起。

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2026-09-01看涨

《PepsiCo Management Reiterates Revenue Growth Targets | PEP Stock Analaysis》

PEP当前股价141美元，低于177美元的公允价值，属于被低估状态；尽管面临近期不利因素，其买入机会仍位列前茅。

百事公司的管理团队重申了其长期指引，即能够实现4%的营收增长。然而，近期的不利因素正在影响该公司。消费者开车频率降低，去加油站的次数也减少了，这损害了百事在便利店和加油站渠道的销售。

PepsiCo's management team reiterated its long-term guidance for its ability to generate 4% revenue growth. However, near-term headwinds are impacting the company. Consumers are driving less frequently and visiting gas stations less often, and that's hurting PepsiCo sales at the convenience store and gas station channel.

此外，消费者的可支配收入减少，因此他们用减少的支出能力购买必需品，而像百事的零食和饮料这样的非必需或可选购买被降级。

Furthermore, consumers have less disposable income, and so they're using that decreasing spending power to buy necessities, and so disposable or optional purchases like PepsiCo snacks and beverages are being deprioritized.

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