PepsiCo’s (NASDAQ: PEP) stock price is under pressure in H1 2025 and may move below the lows set in late April. The technical action is weak. The market looks set to extend the decline to $130 or lower and could reach the $120 level before the correction is over. However, this market is seriously disconnected from reality, and offers an entry point for dividend growth investors they build a cushy retirement with.
Trading near $135, the market aligns with levels not seen since 2020, during the height of pandemic fear, and in 2019, when the business was 40% smaller than it is today.
