Coca-Cola’s stock reaches all-time high while PepsiCo trades below its peak ahead of Q2 earnings next week.
Coca-Cola closed at a record $84.14 on Thursday, up 20% year-to-date, driven by strong execution and investor demand amid tech sector volatility. The company reported 10% organic revenue growth and 18% EPS increase to $0.86 in Q1, supported by higher concentrate sales and an extra six days in the period.
PepsiCo, meanwhile, remains 16% below its 52-week high despite a recent rebound. Coca-Cola extended its dividend streak to 64 years in February, raising its quarterly payout to $0.53 per share, yielding 2.5%. PepsiCo’s upcoming Q2 report on July 9 may clarify its valuation gap.
The divergence presents a choice for dividend investors: pay a premium for Coca-Cola’s momentum or seek higher yields from PepsiCo’s discounted shares.