Pepsico, Inc. (PEP) dominates the snack scene in America. It owns Frito-Lay, which owns Lay’s, Dorito’s, Cheetos and Tostitos. YouGov recently conducted a study on favorite snacks in America by state. These snacks won the most states in regards to popularity.
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Most Popular Salty Snack By State
The rise of the health-conscious consumer might slow growth potential somewhat. But PepsiCo is targeting that consumer population as well and given strong cash flow, consistent profitability and a healthy balance sheet, it’s can always make an acquisition to further its reach into the natural and organic snack foods space. In regards to traditional snack offerings, PepsiCo has an advertising budget that no direct peer (at least in snacks) can match. As long as the word continues to get out and the snacks taste good, PepsiCo’s Frito-Lay should continue to dominate the snack space. With 65% of Americans snacking between meals, the future looks bright for Frito-Lay.
Looking at PepsiCo as a whole, it’s a very well-run company. It’s highly diversified with Pepsi, Tropicana, Quaker, Gatorade and Frito-Lay. Free cash flow generation of $6.61 billion over the past 12 months is impressive, as is 12.50% stock appreciation over the past year to go along with a 2.83% dividend yield.
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What’s really indicative of PEP’s strength is a miniscule short interest of 0.52%. This tells us that very few people are crazy enough to bet against the stock. Furthermore, PEP has a beta of just 0.69, which means it’s much less volatile than the broader market. That can always help put an investor’s mind at ease.
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