PepsiCo: A Blue-Chip, Defensive Business With An Attractive Yield

PepsiCo, Inc. (NASDAQ:PEP) is an American multinational food, snack, and beverage corporation. Founded in 1898, PepsiCo is now a $226 billion (by market cap) food and beverage beast that employs more than 300,000 people. The company reports results across seven segments: PepsiCo Beverages North America, 30% of FY 2023 revenue; Frito-Lay North America, 27%; Europe, 14%; Latin America, 13%; Africa, Middle East, and South Asia, 7%; APAC (Asia Pacific), 5%; and Quaker Foods North America, 3%. The company genera ...