Where Will PepsiCo Stock Be in 3 Years?
This blue chip stalwart might struggle to stay ahead of the S&P 500.
PepsiCo (NASDAQ: PEP) is often considered a resilient stock for long-term investors. It's one of the world's largest beverage and packaged food makers, it consistently buys back its own shares, and it's raised its dividend annually for 52 consecutive years.
But over the past three years, PepsiCo's stock declined 11% as the S&P 500 rose 21%. Let's see why this blue chip stalwart underperformed the market, and if it has a shot at outperforming it again over the next three years.
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