Coca-Cola and PepsiCo's Long-Term Prospects Show Narrow Gap
The performance gap between Coca-Cola (NYSE:KO) and PepsiCo (NASDAQ:PEP) has narrowed significantly over the past five years, despite their differing starts to 2026. A $10,000 investment in each company would yield very different results by 2031 under neutral assumptions.
A base case projection shows that a $10,000 Coca-Cola stake could be worth around $16,021.89 by 2031, based on a five-year share price target of $140.09. In contrast, the same investment in PepsiCo could reach $15,502.29, with a target of $199.53.
Coca-Cola's range runs from $11,582.11 in the worst-case scenario to $20,024.80 in the bull case, while PepsiCo spans $12,817.96 to $16,802.11. The company's sturdier floor comes from a starting valuation near 21 times earnings and a dividend yield of around 4.35%.