1 Dividend Growth Stock Down 20% to Buy Right Now

PepsiCo (NASDAQ: PEP) stock is trading down nearly 23% from highs set in May 2023. That's technically a bear market-type of pullback for this consumer staples giant.If you are a dividend growth investor, right now is the time to buy PepsiCo. Here's why.PepsiCo is a consumer staples company, which means it makes products that people buy in both good markets and bad. The products it sells are also small, so they are relatively easy to afford. And the company's brands tend to engender loyalty from consumers, which increases the likelihood of purchase even during recessionary periods.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool