Market Wrap - Stock pick — Pepsico
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Caroline Cremen from Adviceworx chose Pepsico as her stock pic of the day.
"I'm going very conservative, I'm going for an offshore company called Pepsico. The dividend growth rate per annum is 8% and with a dividend yield of 3% and to me doesn't indicate that it's expensive. They have a broad products reach with beverages and snakes and last week they issued their results and while beverages was poor we snacked an awful lot during the lockdown and we're probably going to continue to do this, so I think tech is looking a little bit overdone at this point so pick up a conservative stock for your portfolios with Pepsico."
"I'm going very conservative, I'm going for an offshore company called Pepsico. The dividend growth rate per annum is 8% and with a dividend yield of 3% and to me doesn't indicate that it's expensive. They have a broad products reach with beverages and snakes and last week they issued their results and while beverages was poor we snacked an awful lot during the lockdown and we're probably going to continue to do this, so I think tech is looking a little bit overdone at this point so pick up a conservative stock for your portfolios with Pepsico."
