#5 - PepsiCo (NASDAQ:PEP)
Consumer staples stocks are also popular among dividend investors for their defensive qualities. PepsiCo Inc. (NASDAQ: PEP) is an ideal choice for investors looking for reliable dividend income and double-digit stock price growth. That's especially true with PEP stock down approximately 5% in the last 12 months.
Pepsi is forecasting earnings growth of 7.98% in the next 12 months. The PepsiCo analyst ratings on MarketBeat project an 11.8% upside for PEP stock.
That's because, at 20.4x forward earnings, PEP stock trades right around the average valuation of other companies in the Soft Drinks and Non-Alcoholic Beverages category. This is a good buying signal for dividend investors who frequently take long positions in a stock, and analysts know it.
Plus, Pepsi is a Dividend King that has increased its dividend in each of the last 52 years. That's on top of a 3.01% dividend yield and a current payout of $5.06 per share annually.
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
- $142.64
- Consensus Rating
- Hold
- Ratings Breakdown
- 7 Buy Ratings, 9 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $180.64 (26.6% Upside)
