The food and beverage giant's fiscal second-quarter earnings report topped analysts' estimates on Tuesday, showing strong sales and solid growth.
"The stock is ... kind of expensive. I know it's got nearly a 3% dividend yield, but it's expected to actually have an [earnings-per-share] decline year over year this year with low-single-digit sales growth, so it's kind of priced for perfection," Nathan said Monday on CNBC's "Options Action." "This'll be a really interesting early gauge for a lot of these defensive names, how they report and how the stock reacts [Tuesday].
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PepsiCo's stock gains after earnings, revenue rise above expectationsShares of PepsiCo Inc. rose 0.7% in premarket trading Tuesday, after the beverage and snack giant reported a fiscal second-quarter profit and revenue that...
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