5 Reasons PepsiCo Is Still a "Best in Breed" Packaged Foods Stock
PepsiCo's (NASDAQ: PEP) stock recently hit an all-time high after the beverages and packaged foods maker posted its fourth-quarter earnings. Yet investors might be wondering if the stock still has room to run after its near-30% rally over the past 12 months.
PepsiCo's stock isn't particularly cheap at 23 times forward earnings, and its forward yield of 2.6% can't match the yield of other dividend heavyweights. Nonetheless, I believe that PepsiCo remains a "best in breed" play in the tough packaged foods market for five simple reasons.
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Source Fool.com
