#4 - PepsiCo (NASDAQ:PEP)
It’s been a roller coaster ride for PepsiCo (NASDAQ:PEP) in 2022. The stock is basically flat but the consensus opinion of analysts is that PEP stock has a 4% upside. And the analyst firm Barclays recently maintained its overweight rating on the stock with a price target of $183.
There are expectations for a “profit recession” and analysts adjusting their prices down. So the fact that analysts are raising their price targets and maintaining a buy rating shouldn’t be overlooked. Plus, the company is a recognized leader in the beverages industry. And, unlike some of its rivals, PepsiCo generates significant revenue from its Frito-Lay division.
In a recession, there are many things that consumers will do without. But their salty snacks and sugary drinks will generally not be among them.
About PepsiCo
PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.
Read More - Current Price
- $161.43
- Consensus Rating
- Hold
- Ratings Breakdown
- 5 Buy Ratings, 10 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $183.92 (13.9% Upside)
