14 Best S&P 500 Stocks to Buy Now According to Analysts

9. PepsiCo, Inc. (NASDAQ:PEP)

Upside Potential as of June 14: 19.91%

Next on our list of the Best Large Cap Stocks is PepsiCo, Inc. (NASDAQ:PEP). The company engages in the manufacture, marketing, distribution, and sale of various beverages and convenience foods worldwide.

On June 12, Piper Sandler analyst Michael Lavery trimmed the firm’s price target on PepsiCo, Inc. (NASDAQ:PEP) from $181 to $178, but maintained its ‘Overweight’ rating on the shares. The lowered target still indicates an upside potential of over 23% from the current share price.

The analyst firm remains optimistic about Pepsi’s brands and its ability to spring back to sustainable growth. That said, Piper recognizes that the company’s growth trajectory could be a bit uneven, as the rising costs continue to put additional pressure.

PepsiCo has witnessed a slower-than-expected distribution momentum in its salty snacks business in the near-term. However, the analyst expects this to improve as the company rolls out more innovation and completes several delayed shelf resets.

With an annual dividend yield of 4.10%, PepsiCo, Inc. (NASDAQ:PEP) was also recently included in our list of the 10 Best Dividend-Paying Beverage Stocks to Buy Now.