PepsiCo is a global food and beverage leader, known for producing a diverse range of products that include well-known brands in the beverage, snack, and food categories. The company operates in various segments, offering carbonated and non-carbonated drinks, as well as an assortment of snack foods, including chips, cereals, and nutrition bars. PepsiCo is committed to innovation and sustainability, continuously adapting its product offerings to meet changing consumer preferences and dietary requirements while focusing on reducing its environmental footprint. Through its extensive distribution network, the company reaches consumers in more than 200 countries, making it a key player in the global food and beverage industry. Read More
The Nasdaq Composite extended its record-setting streak to three straight sessions, while the broader S&P 500 Index closed within 20 points of a record high.
The food and beverage giant has been under pressure for several quarters, weighed down by shifting consumer preferences toward healthier options, stiff competition, and broader weakness in consumer spending.
Stocks closed the week ended July 11 on a down note despite the S&P 500 Index and the Nasdaq Composite hitting new highs on Thursday before easing off those levels.
Large-cap stocks are known for their staying power and ability to weather market storms better than smaller competitors.
However, their sheer size makes it more challenging to maintain high growth rates as they’ve already captured significant portions of their markets.
