PepsiCo Loses to 30-year U.S. Treasury Bonds on Yield. Here's Why It Wins on Everything Else.

While 30-year U.S. Treasury bonds offer a higher yield of 5.25% compared to PepsiCo's 4.1% dividend yield, PepsiCo presents a more attractive long-term investment option. The company has demonstrated 390% stock appreciation over 30 years (920% including dividends), maintains a 54-year streak of dividend increases making it a Dividend King, and generates $9.7 billion in free cash flow—well above its $7.8 billion dividend payout. These factors suggest PepsiCo offers better long-term returns despite lower current income.