3 Reasons To Buy The Dip In Pepsi's Shares Now
PepsiCo Inc.'s (PEP) shares appear to be offering investors a new buying opportunity as the stock is now off the recent highs of about $73 per share. Pepsi's shares currently trade for about $70. That might not sound like a big drop, but considering the market is near five-year highs and that dividend-paying stocks are in demand, this dip is worth buying.
Pepsi owns well-known brands such as Aunt Jemima, Ruffles, Doritos, Quaker Mountain Dew, Gatorade, and others. This product line provides a steady source of revenues in almost any economy, and that adds to the appeal of this stock. Here are three reasons why investors should consider buying the recent dip in Pepsi shares:
1. Pepsi is turning more focus towards healthy foods and snacks. Earlier this year, the company announced it would invest about $30 million per year into product research and development for healthier snacks. This confirms the trend into health foods. However, Pepsi is also positioned to acquire health food and snack companies. READ FULL ARTICLE HERE