1 Magnificent S&P Dividend Stock Down 10% to Buy and Hold Forever
The best investment portfolios usually include at least a few dividend-paying stocks, and you can lock in a great yield by finding the ones representing great companies that are temporarily out of favor with investors. PepsiCo (NASDAQ: PEP) is one such company. This stalwart of the consumer staples sector has seen its share price drop over the past few months, but its long-term potential as a cash flow powerhouse is still compelling.
Since July 1, 2023, PepsiCo shares are trading down almost 11%. Over that same timeframe, the S&P 500 gained 16% while Coca-Cola (NYSE: KO) stayed roughly flat.
Source Fool.com
PepsiCo Inc. Stock
€159.68
0.360%
The stock is an absolute favorite of our community with 22 Buy predictions and no Sell predictions.
With a target price of 174 € there is a slightly positive potential of 8.97% for PepsiCo Inc. compared to the current price of 159.68 €.
