With a market cap of $225.4 billion, PepsiCo, Inc. (PEP) operates in the food and beverage industry, manufacturing and distributing snacks, beverages, and other consumables globally. The Purchase, New York-based company reaches consumers worldwide through diverse distribution channels, including direct delivery, warehouses, and e-commerce.
Shares of PepsiCo have underperformed the broader market over the past 52 weeks. PEP has declined 1.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 35.9%. In 2024, shares of PEP are down 3.1%, compared to SPX’s 25.8% gain on a YTD basis.
