PepsiCo is still a growth stock - >>> PepsiCo has been around for decades and already has a huge business in the consumer-packaged foods and beverage industries. But even a small investment today can pay big dividends down the road.
Organic sales in 2022 were up a blazing 14% on top of the prior year's 10% spike. Pepsi had no trouble passing along higher prices, either, which is partly a reflection of the brand strength within its portfolio. It helps that the company runs like a well-oiled machine so that PepsiCo avoided the type of supply chain issues that hurt consumer staple brand peers like McCormick.
PepsiCo's valuation is down lately as Wall Street frets about the likelihood of slower growth over the next few years as compared to 2021 and 2022. But, as PepsiCo wins more market share, boosts margins, and raises its dividend payment, investors should see great returns from holding this Blue-Chip stock over many years.