Where Will PepsiCo Stock Be in 1 Year?
PepsiCo (NASDAQ: PEP) posted its fourth-quarter earnings report on Feb. 9. The beverage and packaged food maker's revenue rose 11% year over year to $28.0 billion, and beat analysts' estimates by $1.2 billion. Its organic sales increased 15% as its core EPS climbed 10% on a constant-currency basis to $1.67, which also cleared the consensus forecast by two cents.
For the full year, PepsiCo's revenue rose 9% to $86.4 billion. Its organic sales grew 14% as its core EPS climbed 11% in constant-currency terms. Those rock-solid growth rates made PepsiCo a top safe-haven stock as inflation and rising rates weighed down the broader markets. That's why PepsiCo's stock stayed nearly flat over the past 12 months as the S&P 500 dipped 10%. But can this blue-chip stalwart continue to outperform the market through the end of 2023?
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Source Fool.com
