1 Magnificent S&P Dividend Stock Down 10% to Buy and Hold Forever

The best investment portfolios usually include at least a few dividend-paying stocks, and you can lock in a great yield by finding the ones representing great companies that are temporarily out of favor with investors. PepsiCo (NASDAQ: PEP) is one such company. This stalwart of the consumer staples sector has seen its share price drop over the past few months, but its long-term potential as a cash flow powerhouse is still compelling.

Since July 1, 2023, PepsiCo shares are trading down almost 11%. Over that same timeframe, the S&P 500 gained 16% while Coca-Cola (NYSE: KO) stayed roughly flat.

Source Fool.com

PepsiCo Inc. Stock

With only a change of -€0.080 (-0.050%) the PepsiCo Inc. price is nearly unchanged from yesterday.
PepsiCo Inc. is currently one of the favorites of our community with 15 Buy predictions and no Sell predictions.
With a target price of 176 € there is a slightly positive potential of 5.92% for PepsiCo Inc. compared to the current price of 166.16 €.

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