Is PepsiCo Stock a Buy?
PepsiCo (NASDAQ: PEP) is a billion-dollar snack and beverage brand with worldwide distribution boasting a 47-year streak of annual dividend increases. The company, which was founded in 1898 and merged with Frito-Lay in 1965 -- clearly a successful acquisition -- is adapting to the decline in soda sales by increasing healthier options for consumers in both drinks and snacks.
Currently offering a forward dividend yield of 2.8%, income investors will want to take a closer look at the growth potential of PepsiCo, as there may be further opportunity ahead.
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Source Fool.com
