Is PepsiCo Stock a Buy in 2023?
's (NASDAQ: PEP) stock has a lot going for it in 2023. Its last few earnings updates showed that it could boost sales and earnings even as shoppers spent less freely on groceries. And the consumer staples giant is positioned for growth through what could be a rocky time for the economy.
Yet the stock has underperformed the market so far this year on worries about slowing sales and declining profit margins. So, let's take a closer look at Pepsi's potential as an investment in 2023 ahead of its upcoming earnings update in late April.
At a glance, PepsiCo's latest earnings report suggested no growth struggles. Organic sales ended the year on a strong note, jumping 15% in the fourth quarter and rising by 14% for the full 2022 year.
Source Fool.com
PepsiCo Inc. Stock
PepsiCo Inc. is currently one of the favorites of our community with 17 Buy predictions and no Sell predictions.
With a target price of 176 € there is a slightly positive potential of 14.32% for PepsiCo Inc. compared to the current price of 153.96 €.
