#4 - PepsiCo (NASDAQ:PEP)
Next on this list is another company that straddles the line between consumer staples and consumer discretionary products. PepsiCo, Inc. (NASDAQ: PEP). Pepsi is most immediately known for its namesake carbonated beverages. But the company stands out as a recession-proof stock because of its snack food business. The company acquired Frito-Lay many years ago, and that is contributing to the company’s top and bottom lines.
A company like PepsiCo has pricing power which is a key attribute for investors to consider when they are looking for recession-proof stocks. The company is generally able to pass along some of its increased producer prices to its consumers.
PEP stock is up 99% in the last five years. And the company is another dividend king. Pepsi has increased its dividend in each of the last 52 consecutive years. As of May 2023, PEP stock carries a dividend yield of 2.60% which beats the S&P 500 average of 1.65%. And PEP stock carries a low beta of just 0.53.
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
- $162.00
- Consensus Rating
- Hold
- Ratings Breakdown
- 5 Buy Ratings, 10 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $183.92 (13.5% Upside)
