<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2019/04/28/12/26/cans-4163012_960_720.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="960" height="480" original-src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2019/04/28/12/26/cans-4163012_960_720.jpg"/></p>
<p><em>圖片來源：Pixabay</em></p>
<p>隨着更廣泛的股票市場指數接近歷史最高點，投資者可能會在 2026 年開始時尋求防禦性投資選項來保護他們的投資組合。</p>
<p>可口可樂（KO - 免費報告）和百事可樂（PEP - 免費報告）是兩隻通常受到關注的防禦性股票，在市場調整期間表現良好，因為消費者在經濟條件不佳時仍會購買食品和飲料。</p>
<p>可口可樂和百事可樂的防禦性特徵和可靠的股息通常使其成為零售和機構投資者的關注對象。目前，機構投資者持有可口可樂股票的 64% 和百事可樂股票的 75%，使它們成為通常不易波動的穩定投資。</p>
<h3><strong>投資資本回報率比較</strong></h3>
<p>儘管百事可樂擴展了食品和零食產品，如 Frito-Lay 和 Quaker Foods 品牌，但可口可樂的投資資本回報率（ROIC）百分比為 18%，更高。</p>
<p>儘管可口可樂專注於飲料，但其 ROIC 已顯著上升，接近 20% 或更高的令人欽佩水平，顯示出將投資資本轉化為利潤的能力。</p>
<p>（投資資本代表公司通過股權和債務籌集的用於資助其運營和長期增長的總金額）</p>
<p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/2b/140550.jpg/query-dj0xNTkxODE1MDQ0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="620" height="355" original-src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/2b/140550.jpg/query-dj0xNTkxODE1MDQ0"/></p>
<p>圖片來源：Zacks 投資研究</p>
<p>與此同時，百事可樂的 ROIC 為 14%，仍然表明長期股東價值，但在最近幾個季度有所下降。</p>
<p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/36/140551.jpg/query-dj0yNjQ3NTMzNDk?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="620" height="356" original-src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/36/140551.jpg/query-dj0yNjQ3NTMzNDk"/></p>
<p>圖片來源：Zacks 投資研究</p>
<h3><strong>跟蹤可口可樂和百事可樂的前景</strong></h3>
<p>現在認為可口可樂在 2025 財年結束時的年收益增長了 3%，達到每股 2.98 美元，2026 財年的每股收益預計再增長 8%，達到 3.22 美元。可口可樂的銷售預計在 2025 財年增長 3%，並預計今年再增長 5%，達到 510.1 億美元。可口可樂將在 2 月 10 日公佈其 2025 財年第四季度業績。</p>
<p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/cb/140552.jpg/query-dj04MzM2MDk4Ng?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="620" height="672" original-src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/cb/140552.jpg/query-dj04MzM2MDk4Ng"/></p>
<p>圖片來源：Zacks 投資研究</p>
<p>轉向百事可樂，2025 財年的每股收益預計略微下降至 8.12 美元，而 2024 年為 8.16 美元。不過，2026 財年的每股收益預計將反彈，增長 5%，達到 8.55 美元。百事可樂的銷售預計在 2025 財年增長 2%，並預計在 2026 財年再增長 4%，達到 970.7 億美元。百事可樂將在 2 月 3 日公佈 2025 財年第四季度業績。</p>
<p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/32/140553.jpg/query-dj00NzQwNzY1ODA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="620" height="693" original-src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/32/140553.jpg/query-dj00NzQwNzY1ODA"/></p>
<p>圖片來源：Zacks 投資研究</p>
<h3><strong>估值與股息比較</strong></h3>
<p>百事可樂更強的財務數據的一個亮點是，PEP 的前瞻性市盈率為 16 倍，接近理想的前瞻性市銷率低於 2 倍。百事可樂的估值比率大致與 Zacks 飲料 - 軟飲料行業的平均水平相當，其中包括其他知名公司，如 Moster Beverage（MNST - 免費報告）和 Keurig Dr Pepper（KDP - 免費報告）。</p>
<p>另一方面，可口可樂的交易價格明顯溢價，尤其是在前瞻性市銷率方面為 6 倍。</p>
<p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/51/140554.jpg/query-dj0xMjgyNzAwNjY5?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="620" height="164" original-src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/51/140554.jpg/query-dj0xMjgyNzAwNjY5"/></p>
<p>圖片來源：Zacks 投資研究</p>
<p>可口可樂的年股息收益率為 3%，與行業平均水平相符，但百事可樂在這方面也佔據優勢，達到 4%。可口可樂和百事可樂被歸類為 “股息之王”，已連續超過 50 年增加股息，分別為 63 年和 53 年。</p>
<p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/e0/140555.jpg/query-dj0xOTM3NTUzMjM4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="620" height="164" original-src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/e0/140555.jpg/query-dj0xOTM3NTUzMjM4"/></p>
<p>圖片來源：Zacks 投資研究</p>
<h3><strong>總結與結論</strong></h3>
<p>在 2026 年開始時，儘管可口可樂的投資資本回報率更具吸引力，但百事可樂的股票更符合投資者可能尋找的標準。儘管這兩隻消費品股票以其防禦能力而聞名，並可能吸引在更廣泛的指數接近歷史最高點時的投資者，但考慮到其相對於百事可樂及其飲料同行的估值，可口可樂的股票可能更容易受到短期疲軟的影響。</p>
<hr/>
<p><em>更多來自此作者的文章：</em></p>
<p>如果委內瑞拉的石油產業復甦，雪佛龍強調值得考慮的股票</p>
<p>南方銅業公司是否準備在本十年迎來重大銅生產增長？</p>
<p>在 2025 年上漲 58% 後，卡特彼勒的股票在 2026 年仍然值得購買嗎？</p>

百事

可口可樂

<p>可口可樂和百事可樂是兩隻在 2026 年臨近時吸引投資者的防禦性股票。可口可樂的投資資本回報率（ROIC）為 18%，而百事可樂的 ROIC 為 14%。可口可樂的每股收益（EPS）預計在 2026 財年將增長 8%，達到 3.22 美元，而百事可樂的 EPS 預計將反彈 5%，達到 8.55 美元。百事可樂的股息收益率為 4%，高於可口可樂的 3%。儘管可口可樂的 ROIC 表現強勁，但由於其估值和財務穩定性，百事可樂可能是更好的投資選擇，因為市場條件仍然不確定</p>

<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2019/04/28/12/26/cans-4163012_960_720.jpg" alt="" original-src="https://cdn.pixabay.com/photo/2019/04/28/12/26/cans-4163012_960_720.jpg"/></p>
<p><em>Image Source: Pixabay</em></p>
<div class="lb-trans"><p><em>圖片來源：Pixabay</em></p>
</div><p>With the broader stock market indexes near all-time highs, investors may be seeking defensive options for their portfolios as we begin 2026.</p>
<div class="lb-trans"><p>隨着更廣泛的股票市場指數接近歷史最高點，投資者可能會在 2026 年開始時尋求防禦性投資選項來保護他們的投資組合。</p>
</div><p>Coca-Cola (KO - Free Report) and Pepsi (PEP - Free Report) are two defensive stocks that are usually of interest and tend to perform well during market corrections, as consumers buy food and beverages regardless of economic conditions.</p>
<div class="lb-trans"><p>可口可樂（KO - 免費報告）和百事可樂（PEP - 免費報告）是兩隻通常受到關注的防禦性股票，在市場調整期間表現良好，因為消費者在經濟條件不佳時仍會購買食品和飲料。</p>
</div><p>Their defensive nature and reliable dividends often make Coca-Cola and Pepsi stock of interest to both retail and institutional investors. Institutional ownership currently accounts for 64% of Coca-Cola stock and 75% of Pepsi shares, making them stable investments that are typically less prone to volatility.</p>
<div class="lb-trans"><p>可口可樂和百事可樂的防禦性特徵和可靠的股息通常使其成為零售和機構投資者的關注對象。目前，機構投資者持有可口可樂股票的 64% 和百事可樂股票的 75%，使它們成為通常不易波動的穩定投資。</p>
</div><h3><strong>ROIC Comparison</strong></h3>
<div class="lb-trans"><h3><strong>投資資本回報率比較</strong></h3>
</div><p>Coca-Cola has the higher return on invested capital (ROIC) percentage of 18% despite Pepsi’s expansion into food and snack products, such as its Frito-Lay and Quaker Foods brands.</p>
<div class="lb-trans"><p>儘管百事可樂擴展了食品和零食產品，如 Frito-Lay 和 Quaker Foods 品牌，但可口可樂的投資資本回報率（ROIC）百分比為 18%，更高。</p>
</div><p>Although Coca-Cola has kept its focus on beverages, its ROIC has seen a nice uptick toward the often admirable level of 20% or higher, illustrating a keen ability to return invested capital into profits.</p>
<div class="lb-trans"><p>儘管可口可樂專注於飲料，但其 ROIC 已顯著上升，接近 20% 或更高的令人欽佩水平，顯示出將投資資本轉化為利潤的能力。</p>
</div><p>(Invested capital represents the total amount of money a company raises, through equity and debt, to fund its operations and long-term growth)</p>
<div class="lb-trans"><p>（投資資本代表公司通過股權和債務籌集的用於資助其運營和長期增長的總金額）</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/2b/140550.jpg/query-dj0xNTkxODE1MDQ0" alt="" original-src="https://staticx-tuner.zacks.com/images/articles/charts/2b/140550.jpg?v=1591815044"/></p>
<p>Image Source: Zacks Investment Research</p>
<div class="lb-trans"><p>圖片來源：Zacks 投資研究</p>
</div><p>Meanwhile, Pepsi’s ROIC is at a respectable 14% and still suggests long-term shareholder value, but has declined in recent quarters.</p>
<div class="lb-trans"><p>與此同時，百事可樂的 ROIC 為 14%，仍然表明長期股東價值，但在最近幾個季度有所下降。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/36/140551.jpg/query-dj0yNjQ3NTMzNDk" alt="" original-src="https://staticx-tuner.zacks.com/images/articles/charts/36/140551.jpg?v=264753349"/></p>
<p>Image Source: Zacks Investment Research</p>
<div class="lb-trans"><p>圖片來源：Zacks 投資研究</p>
</div><h3><strong>Tracking Coca-Cola &amp; Pepsi’s Outlook</strong></h3>
<div class="lb-trans"><h3><strong>跟蹤可口可樂和百事可樂的前景</strong></h3>
</div><p>Coca-Cola is now thought to have ended fiscal 2025 with annual earnings rising 3% to $2.98 per share, and FY26 EPS is projected to rise another 8% to $3.22. This comes as Coca-Cola’s sales are expected to be up 3% for FY25 and are projected to increase another 5% this year to $51.01 billion. Coca-Cola will be reporting its Q4 2025 results on February 10.</p>
<div class="lb-trans"><p>現在認為可口可樂在 2025 財年結束時的年收益增長了 3%，達到每股 2.98 美元，2026 財年的每股收益預計再增長 8%，達到 3.22 美元。可口可樂的銷售預計在 2025 財年增長 3%，並預計今年再增長 5%，達到 510.1 億美元。可口可樂將在 2 月 10 日公佈其 2025 財年第四季度業績。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/cb/140552.jpg/query-dj04MzM2MDk4Ng" alt="" original-src="https://staticx-tuner.zacks.com/images/articles/charts/cb/140552.jpg?v=83360986"/></p>
<p>Image Source: Zacks Investment Research</p>
<div class="lb-trans"><p>圖片來源：Zacks 投資研究</p>
</div><p>Pivoting to Pepsi, FY25 EPS is expected to slightly dip to $8.12 compared to $8.16 in 2024. That said, FY26 EPS is projected to rebound and rise 5% to $8.55. Pepsi’s sales are expected to be up 2% for FY25 and are projected to increase another 4% in FY26 to $97.07 billion. Pepsi reports Q4 2025 results on February 3.</p>
<div class="lb-trans"><p>轉向百事可樂，2025 財年的每股收益預計略微下降至 8.12 美元，而 2024 年為 8.16 美元。不過，2026 財年的每股收益預計將反彈，增長 5%，達到 8.55 美元。百事可樂的銷售預計在 2025 財年增長 2%，並預計在 2026 財年再增長 4%，達到 970.7 億美元。百事可樂將在 2 月 3 日公佈 2025 財年第四季度業績。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/32/140553.jpg/query-dj00NzQwNzY1ODA" alt="" original-src="https://staticx-tuner.zacks.com/images/articles/charts/32/140553.jpg?v=474076580"/></p>
<p>Image Source: Zacks Investment Research</p>
<div class="lb-trans"><p>圖片來源：Zacks 投資研究</p>
</div><h3><strong>Valuation &amp; Dividend Comparison</strong></h3>
<div class="lb-trans"><h3><strong>估值與股息比較</strong></h3>
</div><p>Magnifying Pepsi’s more robust financial figures is that PEP trades at 16X forward earnings and near the preferred level of less than 2X forward sales. Pepsi’s valuation ratios are roughly on par with the Zacks Beverages-Soft drinks Industry average, which includes other notable companies such as Moster Beverage (MNST - Free Report) and Keurig Dr Pepper (KDP - Free Report).</p>
<div class="lb-trans"><p>百事可樂更強的財務數據的一個亮點是，PEP 的前瞻性市盈率為 16 倍，接近理想的前瞻性市銷率低於 2 倍。百事可樂的估值比率大致與 Zacks 飲料 - 軟飲料行業的平均水平相當，其中包括其他知名公司，如 Moster Beverage（MNST - 免費報告）和 Keurig Dr Pepper（KDP - 免費報告）。</p>
</div><p>On the other hand, Coca-Cola is trading at a noticeable premium, especially in terms of price to forward sales at 6X.</p>
<div class="lb-trans"><p>另一方面，可口可樂的交易價格明顯溢價，尤其是在前瞻性市銷率方面為 6 倍。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/51/140554.jpg/query-dj0xMjgyNzAwNjY5" alt="" original-src="https://staticx-tuner.zacks.com/images/articles/charts/51/140554.jpg?v=1282700669"/></p>
<p>Image Source: Zacks Investment Research</p>
<div class="lb-trans"><p>圖片來源：Zacks 投資研究</p>
</div><p>Coca-Cola’s 3% annual dividend yield is in line with the industry average, but Pepsi has the edge here as well at 4%. Classified as “Dividend Kings”, Coca-Cola and Pepsi have increased their dividends for more than 50 consecutive years, at 63 years and 53 years, respectively.</p>
<div class="lb-trans"><p>可口可樂的年股息收益率為 3%，與行業平均水平相符，但百事可樂在這方面也佔據優勢，達到 4%。可口可樂和百事可樂被歸類為 “股息之王”，已連續超過 50 年增加股息，分別為 63 年和 53 年。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/e0/140555.jpg/query-dj0xOTM3NTUzMjM4" alt="" original-src="https://staticx-tuner.zacks.com/images/articles/charts/e0/140555.jpg?v=1937553238"/></p>
<p>Image Source: Zacks Investment Research</p>
<div class="lb-trans"><p>圖片來源：Zacks 投資研究</p>
</div><h3><strong>Summary &amp; Conclusion</strong></h3>
<div class="lb-trans"><h3><strong>總結與結論</strong></h3>
</div><p>As we begin 2026, Pepsi stock checks more of the boxes that investors may be looking for, despite Coca-Cola’s more promising return on invested capital. Although both consumer staples stocks are known for their defensive prowess and may attract investors with the broader indexes near all-time highs, Coca-Cola shares could be more susceptible to short-term weakness given its valuation relative to Pepsi and their beverage peers.</p>
<div class="lb-trans"><p>在 2026 年開始時，儘管可口可樂的投資資本回報率更具吸引力，但百事可樂的股票更符合投資者可能尋找的標準。儘管這兩隻消費品股票以其防禦能力而聞名，並可能吸引在更廣泛的指數接近歷史最高點時的投資者，但考慮到其相對於百事可樂及其飲料同行的估值，可口可樂的股票可能更容易受到短期疲軟的影響。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多來自此作者的文章：</em></p>
</div><p>Chevron Highlights Stocks To Consider If Venezuela's Oil Industry Is Revived</p>
<div class="lb-trans"><p>如果委內瑞拉的石油產業復甦，雪佛龍強調值得考慮的股票</p>
</div><p>Is Southern Copper Corporation Poised For A Major Copper Production Upswing This Decade?</p>
<div class="lb-trans"><p>南方銅業公司是否準備在本十年迎來重大銅生產增長？</p>
</div><p>After A 58% Run In 2025, Is Caterpillar Stock Still A Buy In 2026?</p>
<div class="lb-trans"><p>在 2025 年上漲 58% 後，卡特彼勒的股票在 2026 年仍然值得購買嗎？</p>
</div>

Coca-Cola Vs Pepsi Stock: Which Is The Better Investment For 2026?

- 可口可樂與百事可樂是防禦性股票，投資者關注度高。  
- 可口可樂的投資資本回報率為 18%，而百事可樂為 14%。  
- 兩者都連續增加股息超過 50 年，可口可樂的年股息收益率為 3%，百事可樂為 4%。

可口可樂與百事可樂股票：哪個是 2026 年更好的投資選擇？