20/7/2024, 2:12:02 pm

PepsiCo (NASDAQ:PEP): Look Past Q2. This Defensive Stock Is Undervalued

PepsiCo reported mixed Q2 earnings, beating estimates with EPS of $2.28 but falling short on revenue with $22.5 bn. Despite challenges in Frito-Lay segment, the company maintained profitability through disciplined commercial investments and cost control. With a low valuation of 20.9x forward P/E, a 3% dividend yield, and a robust balance sheet, PepsiCo remains a compelling defensive investment.