** Shares of PepsiCo PEP.O are up 1.7% on Mon, with the food and beverage giant seen posting higher rev and EPS in qtrly results due before the bell on Tues

** Analysts expect co to report Q4 rev of $28.97 bln vs $27.78 bln in the yr-ago period, and adj EPS of $2.24 vs $1.96 a yr ago, per LSEG

** Investors will be keen to hear about any improvement in the snacks business in the U.S. as well as on consumer spending trends

** Pepsico in December announced a review of its North America supply chain and said it would aggressively reduce costs after weeks of discussions with activist investor Elliott Investment Management

** The median 12-mo PT on PEP is $164; the stock was last at $156.24

** Stock has climbed ~9% YTD, outperforming the Nasdaq's .IXIC ~2% rise

** Of 25 analysts covering the stock, 10 rate it 'buy' or 'strong buy', 14 a 'hold' and one a 'sell'

** PEP recently traded at 18x fwd earnings, below its five-yr avg of 22x, per LSEG

(Reporting by Caroline Valetkevitch)

((caroline.valetkevitch@thomsonreuters.com))