Better Buy: Coca-Cola vs. PepsiCo
The early 2023 results are in from both Coca-Cola (NYSE: KO) and (NASDAQ: PEP). And, contrary to many investors' fears, the two consumer staples leaders are seeing no signs of a major slowdown ahead. In fact, Pepsi just raised its fiscal year outlook and Coke reported an encouraging spike in operating profit.
Let's take a closer look at the companies' latest financials to see which one stands out as the better buy for investors right now.
There's mostly positive news regarding growth for both companies. Coca-Cola said on April 24 that organic sales were up a solid 12% through late March compared to a 15% spike in the prior quarter. That result edged past the 10% increase that Pepsi reported a few days later in its beverage segment.
Source Fool.com
PepsiCo Inc. Stock
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 8.74% for PepsiCo Inc. compared to the current price of 160.02 €.
