PepsiCo, Deere, and Chevron are underperforming the S&P 500 but look like excellent buys now. PepsiCo, with a 3.3% yield and 24.5 P/E ratio, has a track record of effective capital allocation. Deere, with a 1.6% yield and 10.9 P/E ratio, is undervalued despite record profits, and its automation advancements couldboost earnings.