Is It Too Late to Buy PepsiCo Stock?
PepsiCo (NASDAQ: PEP) shareholders have a lot to celebrate here in early 2023. The beverage and snack-food giant recently closed out a fantastic fiscal year highlighted by soaring sales growth and a double-digit spike in earnings. Pepsi also raised its dividend for a 51st consecutive year.
Pepsi's outlook for the 2023 year isn't quite as bright. But the company still sees room to post solid sales growth while boosting profitability. Let's look at whether the dividend stock still looks attractive as an investment today.
Pepsi's 2022 was incredible from a growth perspective. Organic sales gains were a blazing 15% for the Q4 period and landed at 14.4% for the full year. That spike came on top of the 10% gain the company achieved in 2021 and is more than double the company's pre-pandemic growth rate.
Source Fool.com
