THE STRONG UPTREND IN SNACKS
Today, we take a look at one of the market’s best-performing blue-chip stocks…
We’re talking about Pepsi (PEP). The $150 billion food and beverage giant has more than 22 product lines that generate more than $1 billion each in annual sales… including Pepsi, Lay’s potato chips, Gatorade sports drinks, Quaker Oats oatmeal, Tropicana juices, and more.
There’s a good chance you have several Pepsi products at home in your refrigerator and pantry.
It’s no wonder that Forbes magazine rates it among the 30 most valuable brands in the world.
Pepsi also has a long history of rewarding shareholders.
It has raised its dividend every year since 1973 and is a member of the elite Dividend Aristocrats list (along with telecom behemoth AT&T and consumer-products giant Johnson & Johnson).
As you can see from the following chart, this has translated into big gains for Pepsi shareholders.
The stock is up more than 20% over the last two years, and it just hit a fresh all-time high. It’s boom times for this snack icon…
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Source: Daily Wealth’s Market Notes