Why PepsiCo's $1.95 Billion Bet on Poppi Makes the Stock an Attractive Buy

PepsiCo (NASDAQ: PEP) is a company with more than 50 consecutive annual dividend increases under its belt. You don't achieve a feat like that by accident. It requires having a strong business model that gets executed well in both good times and bad.PepsiCo's recently announced purchase of Poppi for $1.95 billion is an example of the company's strong business model being executed well during bad times. It makes PepsiCo's stock look like a buy.PepsiCo's dividend yield is 3.5% at this writing, which is near the highest levels in the company's history. Using dividend yield as a rough gauge of valuation, it appears that Wall Street has put this iconic food and beverage company on the discount rack. That position is backed up by more traditional valuation metrics.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool