Large investments seen paying off for soft drinks giantPepsiCo ‘most durable business’ in its coverage, analysts sayCoca-Cola facing looming $24 billion tax settlementBetter growth, more robust and higher share price upside. That’s how Jefferies’ analysts see PepsiCo (PEP:NASDAQ) versus its great rival Coca-Cola (KO:NYSE) in its comparison of the soft drinks giants in an initiation note issued to clients. ‘Hefty investments over the last half-decade are yielding results, and we expect returns to accelerate,’ said the analysts. In belt-tightened times, that says Jefferies, means PepsiCo is likely to growth earnings faster than its great rival, anticipating earnings growth in the high-single digits or better over the next three years. Find out how to deal online from £1.50 in a SIPP ISA or Dealing accountIssue Date: 14 Nov 2023

Source: The Star November 14, 2023 12:35 UTC