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PEP trades near $125 after a Q3 beat and a lower EPS outlook. See dividend safety, the Ell
Lay’s and Doritos got cheaper in February. Now PepsiCo is paying for it: a 12% profit drop in North American snacks and a lower full-year EPS forecast.
Levi Strauss & Co. (LEVI), PepsiCo (PEP) and Constellation Brands (STZ) were in focus in premarket trading on Thursday, with LEVI and STZ shares under pressure while PepsiCo moved higher after quarterly results.Levi Strauss beat profit expectations but lowered its full-year revenue growth guidance…