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Jeff Auxier Comments on PepsiCo Inc.

PepsiCo Inc. (NASDAQ:PEP)

PepsiCo is showing strong performance in their snacking and international segments. Shares have increased by 20.0% in the past six months, outperforming the S&P's increase of 17.2%. The company's growing snack business has largely offset slight dips in the beverage industry. PepsiCo has instituted a cost savings program that could achieve $1 billion in annual savings through 2023. They expect to generate cash flows of about $9B and return $8B to shareholders in the form of dividends and share repurchases. PepsiCo has cemented itself as one of the best dividend stocks on the market with 47 consecutive years of dividend hikes.

From Jeff Auxier (Trades, Portfolio)'s second-quarter 2019 market commentary.
This article first appeared on GuruFocus.