During PepsiCo's third-quarter conference call, CEO Ramon Laguarta said the retail environment was still "very inflationary with a lot of supply chain challenges," but that it was stretching its brands to "higher price points and consumers are following us." PepsiCo believes it can continue to offset the inflationary headwinds with more price increases, and its guidance for the full year reflects that confidence. PepsiCo is the right stock for investors who want a blue-chip stalwart that can hold steady and generate stable income throughout the rest of the bear market.