#2 - PepsiCo (NASDAQ:PEP)
PepsiCo (NASDAQ:PEP) is about more than soft drinks. The company is a genuine snacking company home to many popular brands such as Lays, Doritos, Cheetos, and Gatorade. This gives the stock its defensive profile and gives the company its pricing power. It sounds like an oversimplification, but consumers will give up many things before the snacks they love.
In the five years since July 2017, investors have been rewarded with a 40% increase in share price. But the keywords for investors are total return. That’s because Pepsi is a dividend king and has increased its dividend in the last 51 years. As of July 2022, the company delivered an annual return of $4.60 per share, which calculates to a 2.69% dividend yield.
PepsiCo stock also has a low beta supported by a high percentage of institutional ownership. As of July 2022, over 71% of institutions held PEP stock in their portfolios.
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
- $175.15
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $187.42 (7.0% Upside)
