One more blue chip of US stock market PepsiCo, Inc. $PEP C | 🚀 Robin Rocket

One more blue chip of US stock market

PepsiCo, Inc. $PEP
Current price: $154.13
Target price: $160-165

PepsiCo, Inc. is an American multinational food processing company, one of the leading manufacturers of soft drinks, food and snacks, serving customers and consumers in more than 200 countries and territories.

Continuous innovation and responsiveness to changing consumer preferences make the company a leader in North America in both the snacks and liquid soft drinks categories.

PepsiCo reported net revenues of $70 billion in 2020, an impressive increase from 2019, when the company reported net revenues of $67 billion.

Analysts expect PepsiCo's annual profit growth to accelerate from 5.3% pa ​​in the previous five years to 9.8% over the next five years.

During the pandemic, Pepsi gained millions of new customers in its food division. The Beverage Division was virtually flat on the back of a sharp increase in sales in supermarket chains.

Not an investment recommendation.