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KDP - PepsiCo: Undervalued It Is Time To Add Shares
Keurig Dr Pepper Inc.
2024-06-25 08:24:32 ET
Summary
PepsiCo's share price dropped due to near-term challenges related to volume growth, inflation, and stressed customers.
Despite short-term challenges, PepsiCo has long-term competitive advantages in distribution, iconic brands, and scale.
The stock is undervalued with a dividend yield of approximately 3.25% and a fair value estimate of $187.91, making it a long-term buy for dividend growth portfolios.