Susquehanna confident on PepsiCo

|About: PepsiCo Inc. (PEP)|By:, SA News Editor

Susquehanna analyst Pablo Zuanic weighs in on PepsiCo (NYSE:PEP) after meeting with senior management.

He says management is confident on improving trends across the PepsiCo portfolio, led by solid growth at Frito-Lay NA, driven by both core products and forays by the unit outside salty.

Improving trends in North American Beverages and mid/high-single-digit growth in the international business is also highlighted.

"Pricing is coming through, which bodes well for the back half," writes Zuanic.

Susquehanna has a Positive rating on PepsiCo and upped price target of $132.

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