Pepsi's Growth Has Ground to a Halt. Here's Why the Rock-Solid Dividend King Is Worth Buying Anyway.
(NASDAQ: PEP) reported earnings for its fiscal 2024's second-quarter last Thursday morning. While the stock initially sold off, it recovered as the day progressed and was up 1.5% on Friday.
Still, Pepsi remains down year to date despite significant gains in the major indexes. Read on to learn about some of the challenges impacting the business and why the dividend stock is worth buying anyway.
Image source: Getty Images.
Source Fool.com
PepsiCo Inc. Stock
€155.72
-0.380%
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 11.74% for PepsiCo Inc. compared to the current price of 155.72 €.
