Great article and agree with your conclusion that there isn’t any catalyst for the stock to work and the valuation still seems fair. I personally prefer looking at the ingredient names in this space who despite having a higher beta/being more volatile have higher organic growth and are the true innovation engines in the food and beverage (+ fragrance and HPC) world. But for dividend investors of course those staple companies like PepsiCo are very reassuring names to own.
Great article and agree with your conclusion that there isn’t any catalyst for the stock to work and the valuation still seems fair. I personally prefer looking at the ingredient names in this space who despite having a higher beta/being more volatile have higher organic growth and are the true innovation engines in the food and beverage (+ fragrance and HPC) world. But for dividend investors of course those staple companies like PepsiCo are very reassuring names to own.