Where Will PepsiCo Stock Be in 3 Years?
(NASDAQ: PEP) has been a lackluster investment over the past three years. Its stock only rose 9% and delivered a total return of 19% after including its reinvested dividends. In comparison, the S 500 generated a total return of 31%.
PepsiCo underperformed the market as inflation, a strong dollar, and several major recalls throttled its growth. However, its attractive forward dividend yield of 3.1% and its reputation as a safe-haven stock prevented it from dropping off a cliff. Should investors still buy PepsiCo in anticipation of bigger gains over the next three years?
Source Fool.com
PepsiCo Inc. Stock
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
With a target price of 174 € there is a slightly positive potential of 13.71% for PepsiCo Inc. compared to the current price of 153.02 €.