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PepsiCo, Inc. (NASDAQ:PEP) is included among the 15 Best DRIP Stocks to Own Right Now.
On October 21, DZ Bank analyst Axel Herlinghaus upgraded PepsiCo, Inc. (NASDAQ:PEP) from Hold to Buy and set a price target of $167, citing confidence in the company’s outlook, according to a report by The Fly.
PepsiCo, Inc. (NASDAQ:PEP) delivered a strong third-quarter performance, posting revenue of $23.9 billion, 2.7% year-over-year increase and about $90 million ahead of analyst expectations. Looking ahead to 2025, the company anticipates low single-digit growth in organic revenue. It also plans to return roughly $8.6 billion to shareholders through $7.6 billion in dividends and $1 billion in share repurchases.
A hallmark of stability, PepsiCo, Inc. (NASDAQ:PEP) has increased its dividend for 53 consecutive years, underscoring its consistent shareholder commitment.
PepsiCo, Inc. (NASDAQ:PEP) operates as a global food and beverage leader, producing and marketing a diverse portfolio of well-known brands, including Pepsi-Cola, Lay’s, Doritos, Gatorade, and Quaker Oats.
While we acknowledge the potential of PEP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 13 Best Consistent Dividend Stocks to Buy Now and 15 Dividend Growth Stocks with the Highest Growth Rates.
Disclosure: None.
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