Analysts Maintain Hold Rating on PepsiCo (PEP)

Core Insights - PepsiCo, Inc. is recognized as one of the 10 Best Stocks to Buy according to Elliott Investment Management [1] - Analysts from Wells Fargo and TD Cowen have maintained a Hold rating on PepsiCo, with a price target increase from $162 to $165, citing the company's turnaround strategy and reaffirmed sales growth guidance [2] - PepsiCo announced a quarterly dividend of $1.4225 per share, marking a 5% increase from the previous year, and a 4% increase in its annualized dividend, achieving its 54th consecutive annual dividend increase [3] Company Overview - Founded in 1965, PepsiCo is a multinational food and beverage corporation managing several billion-dollar brands, including Pepsi, Lay's, Gatorade, and Quaker, with its headquarters located in New York [4]