PepsiCo stock ( NASDAQ:PEP )
PepsiCo stock ( NASDAQ:PEP ) is a Buy now. PepsiCo has the most sales of non-alcoholic drinks and snacks. How PepsiCo is valued now must consider how much the company could grow in domestic and international markets. My price goal for the next 12 to 18 months is $240.
About the Company
PepsiCo is a global food and drink company that has been around for over a hundred years. Caleb Bradham started the company in 1898. He did this after making “Pepsi-Cola,” a carbonated soft drink. The drink was first sold at soda fountains before being put in bottles and sent all over the country. In the 1950s, PepsiCo bought Frito-Lay, a snack food company, to sell more than just carbonated drinks. Over the next few decades, the company grew and changed by moving into new categories and markets worldwide. With brands like Pepsi, Mountain Dew, Lay’s, Gatorade, Tropicana, and Quaker, PepsiCo is now a world leader in the food and drink industry.
Market Trends in the Food and Drink Industry
Several current trends are affecting the food and drink business. PepsiCo and many other food and drink companies put a lot of effort into health and wellness, sustainability, convenience, innovation, and making their products more expensive. The company has put out several healthier products, such as drinks with less sugar and fewer calories and healthier snack options. PepsiCo has also taken steps to reduce its effect on the environment, such as using more clean energy and making less trash. The company has made things easier by making single-serve options and ready-to-drink drinks. PepsiCo has also come out with new products, like flavored water and snacks made from plants. Some of the company’s products, like premium sodas and high-end snack brands, have also been made available in a premium v...
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