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?
Image source: Getty Images.
Source Fool.com
PepsiCo Inc. Stock
€134.98
0.420%
The stock is one of the favorites of our community with 22 Buy predictions and 4 Sell predictions.
With a target price of 144 € there is a slightly positive potential of 6.68% for PepsiCo Inc. compared to the current price of 134.98 €.
