Amid the market wide sell off in March due to the unknowns of COVID-19, I was able to purchase shares of one of the most well known consumer packaged goods companies on the planet, PepsiCo (PEP). Having originally owned the shares a few years ago, I sold my position after a 25% gain in a matter of months. At the time, I made the conscious decision to book the gain and re-deploy my capital into more undervalued names. While I missed out on some continued gains, I ultimately was given the opportunity to purchase shares again this year at almost the same price. My initial purchases occurred again this year around $110. I did add recently right before earnings as I had believed PepsiCo was going to report a great quarter and it would move higher. Sure enough it did report a great quarter, but, the shares didn't move higher ultimately. I was glad to increase my cost basis however and add to my position as I felt the stock deserves a larger place in my portfolio. The company may not be growing the fastest, but, in times of uncertainty and of those times we are more certain, PepsiCo continues to perform.

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