#2 - PepsiCo Inc (NASDAQ:PEP)
Another consumer staples stock that is trading near its 52-week high is PepsiCo (NASDAQ:PEP). The stock has posted a 22% gain over the last 12 months. And over the last five years, the stock has generated a 71% gain for investors. Plus, Pepsi just joined the ranks of the Dividend Kings by raising its dividend for 50 consecutive years.
Pepsi has proven to be a strong recovery stock as live events return. And that momentum should continue to grow throughout 2022. Through the first three quarters of its fiscal year 2021, PepsiCo has posted 13% YOY revenue growth and 16.5% earnings growth. That would have to allay any concerns that investors have about the company’s ability to pass on any cost increases to its consumers and confirm the company’s status as a defensive stock.
It’s too early to tell what impact Pepsi’s entry into the non-fungible token (NFT) market will have on the business. From a marketing perspective, the introduction of the Pepsi Mic Drop Collection of over 1,800 unique generative-style NFTs is an attempt to keep Pepsi relevant to a younger audience.
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
- $159.69
- Consensus Rating
- Hold
- Ratings Breakdown
- 5 Buy Ratings, 10 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $183.92 (15.2% Upside)
