Is PepsiCo Stock Still a Buy?
If you've been waiting for the perfect time to buy an under-the-radar dividend stock, you might just be in luck. Many dividend payers are cheaper today thanks to the tech-fueled stock market rally.
Wall Street is also avoiding these businesses due to elevated interest rates, which makes them seem like weaker investments -- at least temporarily.
(NASDAQ: PEP) is a great example. The snack food and beverage company has been shut out of the market's rally over the past year, dropping 7% in the previous 12 months compared to a 23% spike in the S 500. But the business is performing well, even if growth has slowed in recent quarters. Let's look at why you might want to put this dividend standout into your portfolio.
Source Fool.com
PepsiCo Inc. Stock
€154.04
-1.130%
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 12.96% for PepsiCo Inc. compared to the current price of 154.04 €.
