Pepsico Has Over 5% Upside Left

Pepsico Has Over 5% Upside Left

TORONTO, ONTARIO, CANADA - 2015/02/08: Pepsi Cola 2L bottles in a store shelf, PepsiCo, Inc. is a ... [+] global food and beverage company which sells and distributes its products in more than 200 countries and territories. (Photo by Roberto Machado Noa/LightRocket via Getty Images)



© 2015 Roberto Machado Noa

PepsiCo stock (NASDAQ



NDAQ

: PEP) currently trades at $136 and has gained only a little over 1% so far this year. It traded around $144 pre-Covid in February 2020 and is almost 6% below that level now. Also, the stock has gained 30% since its March lows of $104, following the stimulus package announced by the Fed. Having said that, we believe that the stock still has an