#1 - PepsiCo (NASDAQ:PEP)
PepsiCo Inc. (NASDAQ: PEP) is one of the easiest choices for investors looking for some diversification from AI stocks. Pepsi is a blue-chip name that straddles the consumer staples and discretionary sectors.
In addition to its namesake soft drink brands, Pepsi owns the Frito-Lay brand, which operates as an independent subsidiary. It's this balance between beverages and snack foods that is a core differentiator between PepsiCo and The Coca-Cola Company (NYSE: KO). It's also a key reason Pepsi increased year-over-year (YOY) revenue by 5% and earnings per share by 12% in 2024 despite facing tough comparisons to 2023.
PEP stock price is up 44.49% in the last five years. That's not Nvidia 2023 growth, but investors' total return is even higher when you factor in the company's dividend. Pepsi is a Dividend King that has increased its dividend for 52 consecutive years. As of February 27, 2024, the dividend yield is 3.02%, offering investors a $5.06 annual payout per share.
About PepsiCo
PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.
Read More - Current Price
- $173.38
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $187.58 (8.2% Upside)
