PepsiCo Inc. (PEP) will likely announce an annual dividend per share (DPS) hike in early February. Based on its historical average dividend yield and average P/E ratio, PEP stock now looks undervalued. This makes it interesting to value investors.
PEP closed at $149.12 on Friday, Jan. 24, just off its recent low of $142.64 on Jan. 10. However, in the last three months it has dropped over 18% from $174.37 on Oct. 22.
