PepsiCo Stock (NASDAQ:PEP) at 2021 Prices: Is It Undervalued Now?
PepsiCo stock (PEP) is currently at around the same level it was trading at in late 2021 and most of 2022, reflecting the pressure that has weighed on Consumer Staples stocks in recent years. While some of this pressure can be attributed to higher interest rates, it’s important to note that PepsiCo has made substantial progress during this period. In fact, the company is on track to achieve record earnings per share (EPS) this year, projected to be nearly 22% higher than in 2022. Considering thi