ADP - PepsiCo: Buy This Dividend Aristocrat For Income And 8% Forward Growth
PepsiCo (PEP), one of the largest manufacturer and distributor of snack food and beverages, is a buy for the dividend growth investor and total return investor. PepsiCo has steady growth and has plenty of cash, which it uses to buy bolt-on companies, increase the dividend each year and buy back shares. Even with an earnings beat in the last quarter, Mr. Market did not like it; I think this is an opportunity to buy a great defensive company. PEP is 0.5% of The Good Business Portfolio, my IRA portfolio of good business companies