PepsiCo (PEP) Stock

PepsiCo has announced that it will acquire the remaining 50% stake in Sabra Dipping Company and Obela, making it the sole owner of these brands. This move will help PepsiCo speed up innovation in refrigerated fresh dips and spreads to meet the increasing demand from consumers. The acquisition also expands the company's Positive Choice portfolio.

DENVER, Nov. 21, 2024 /PRNewswire/ -- The Center for Employment Opportunities (CEO) has received a 2024 Community Impact Award from the PepsiCo Foundation. The PepsiCo Foundation is the charitable division of PepsiCo, Inc. (NASDAQ: PEP), a major global food and beverage company.

Walmart and Pepsi are heading in different directions, but both might be interesting to examine more closely.

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Dividends are closely linked to stock prices for Coke and PepsiCo, accounting for more than 90% of their price changes over the past 15 years. Currently, PepsiCo's stock is considered to be undervalued by 9%, while Coke's stock is seen as overvalued by 9.5%. A linear regression model suggests that PepsiCo's stock price could increase to $203.52 by the end of 2025, representing a growth of over 20%.

The S&P 500 might be reaching record levels, but these three reliable stocks are not benefiting from it.

I suggest buying PepsiCo shares, with a target price of $203.08 over the next year, which indicates an 18.2% increase. The company's varied product range and smart acquisitions strengthen its market presence despite competition and changing consumer preferences. Additionally, decreasing inflation and lower commodity prices should help improve PepsiCo's SG&A margin, leading to better profits.

Last November, Letitia James filed a lawsuit against PepsiCo, aiming to hold the company responsible for threatening Buffalo's water supply. She claims that PepsiCo is responsible for 17% of the plastic waste found in and around the Buffalo River.

PepsiCo successfully had New York's lawsuit thrown out, which claimed that the company was harming the environment with single-use plastic packaging. The judge expressed disapproval of the state's attorney general, Letitia James, for initiating the case.