#3 - PepsiCo (NASDAQ:PEP)
The next consumer staple stock on this list is PepsiCo Inc. (NASDAQ: PEP). And this is one time when you don't need to think about Coca-Cola and PepsiCo Inc. as an either-or proposition. Many investors own both and are profitable for it.
The reason why Pepsi can coexist alongside Coke in a portfolio is because PepsiCo is not a pure-play beverage company. It has its snack foods division under the Frito-Lay's brand name which includes many iconic brands such as Doritos, Tostitos, and Quaker Foods.
And that’s reflected in the stock price’s performance. PEP stock is up 61% in the last five years and is up approximately 20% from its pre-pandemic level. Analysts currently have a Hold rating on PEP stock with a price target that would have the stock increasing just 4%. But the company is another Dividend King. Pepsi has increased its dividend for 51 consecutive years. The yield is currently at 2.61% and has an annual payout of $4.60 per share.
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
- $152.79
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 9 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $184.31 (20.6% Upside)
