For shareholders in beverage and snack behemoth PepsiCo (NASDAQ: PEP), the last few years have done anything but satiate their appetite for returns. Year-to-date, Pepsi has provided a total return of approximately 20% over the past five years.
Without including dividends, shares are up less than 10%. That’s a pitiful showing compared to its rival Coca-Cola (NYSE: KO), which has notched a 57% total return over that period. Pepsi has also greatly underperformed its sector. The Consumer Staples Select Sector SPDR Fund (NYSEARCA: XLP) has a total return of around 37% in that timeframe. However, one renowned investment fund believes that Pepsi could change its fortunes if the company takes its advice.
