Why PepsiCo Stock Is Poised for a Bull Run
PepsiCo (NASDAQ: PEP) continues to impress the market with its resilience and innovation. Its stock is up a modest 21% over the past year, and after an earnings beat in the first quarter, investors can expect more high performance from this Dividend Aristocrat.
Whether you're looking for a tasty snack, quenching drink, or high dividends, consider PepsiCo. The company's beverage division has mostly taken a back seat to rival Coca-Cola, but its diversified product line that includes snacks and breakfast products made it a much better pandemic player and keep it as a formidable performer under any circumstances.
That was loud and clear in the first quarter, when the company easily raised its prices to counter rising costs, and customers responded. Despite pressure from the supply chain and a pullout from Russia, earnings per share (EPS) increased from $1.21 last year to $1.29 this year, outdoing the average Wall Street consensus target of $1.23. CEO Ramon Laguerta said the earnings increase came from a mix of cost management and raising prices. Reported EPS increased 148% to $3.06.
Source Fool.com
