Top Dividend Stock Picks from Wall Street Analysts: PepsiCo and Starbucks
Tuesday, 26 March 2024, 00:17
Analysis:
PepsiCo and Starbucks offer attractive yields and solid growth prospects. Artificial intelligence (AI) stocks might have stolen the show over the last year, but Wall Street analysts see value in top consumer brands like PepsiCo and Starbucks.
Why Consider PepsiCo:
- Potential Upside: Rated as a top overall pick by Morgan Stanley analyst with an overweight rating and a $190 price target.
- Financial Performance: Reported significant revenue and earnings growth with a diversified portfolio of strong brands.
- Dividend Strength: Consistent dividend growth and earnings expectations for future growth.
Why Consider Starbucks:
- Growth Outlook: Expected high teens annual growth in adjusted earnings per share through fiscal 2025.
- Financial Stability: Despite inflationary challenges, Starbucks maintains revenue and earnings growth, offering an attractive yield and market-beating return potential.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.