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Business

Riddhima Chakraborty

The No. 1 Beverage Stock to Buy in November

PEP PepsiCo Inc

Beverages giant PepsiCo, Inc. (PEP) defied macroeconomic hurdles and surpassed consensus estimates in its latest reported quarter. It beat revenue estimates by 5.5% and EPS estimates by 6.7%. Moreover, the stock got upgraded by Wells Fargo in October.

According to Ramon Laguarta, PEP’s Chairman and CEO, “Our strong results demonstrate that the investments we have made towards becoming an even Faster, even Stronger, and even Better company with pep+ at the center of everything we do are working.”

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