Hovering Around a 4-Year Low, Is This High-Yield Dividend King Too Cheap to Ignore?

PepsiCo (PEP 1.51%) fell 4.5% on Tuesday after the beverage and snack giant reported fourth-quarter and full-year 2024 results.Pepsi also announced its 53rd consecutive dividend raise, pole-vaulting its forward dividend yield to 4%. Throw in a mere 20.6 price-to-earnings (P/E) ratio, and Pepsi is a unique Dividend King that combines a track record for dividend raises with a high yield and an inexpensive valuation.Here's what's driving the sell-off in Pepsi stock along with the actions management is taking t ...