On Oct. 10, we spoke about PepsiCo (PEP). At the time, we mentioned:
investors say PepsiCo (PEP) is a “safe haven,” said Credit Suisse analyst Kaumil Gajrawala earlier this year. As noted by TheFly.com, he says, “Pepsi’s solid pandemic execution sets it up well versus competitors navigating the turbulent sourcing and labor environment, the analyst contends, noting that investors see it as a ‘safe haven’ amid macro and secular volatility.”
Better, PEP has proven itself to be resilient during bear markets. All thanks to a diversified business model that protects the company from any declines in soda consumption rates. Plus, even in downturns, consumers will still buy its products.
Today, the PEP stock is set to open above $166 a share after beating earnings, and raising guidance. Even at $166, we still like the PEP stock, long-term.