Fizzy Growth No More
PepsiCo (PEP) has traditionally been thought of as a steady growth stock with a nice yield. Since 2009, however, earnings increases have stalled. Three years ago, the company's full-year profit came to $3.77 per share -- and trailing 12-month EPS are $3.75 through this year's third quarter.
Fourth-quarter results may save the year from a negative comparison, but the consensus view for $4.06 per share represents only a 2% bump from 2011. PepsiCo shares are lower today than they were five years ago, when they commanded almost 24x earnings....311 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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