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. 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. 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. has increased its dividend for 53 consecutive years, underscoring its consistent shareholder commitment.
PepsiCo, Inc. 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.
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