With a market cap of $180.9 billion, PepsiCo, Inc. (PEP) is a global leader in the manufacture, marketing, distribution, and sale of a broad range of beverages and convenient foods. The company distributes its products through direct-store delivery, customer warehouses, third-party networks, and e-commerce platforms, serving a diverse range of retail and foodservice customers worldwide.

Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and PepsiCo fits this criterion perfectly. Its diverse portfolio includes iconic brands such as Pepsi-Cola, Frito-Lay, Quaker, Gatorade, Tropicana, and Mountain Dew, operating across seven segments spanning North America, Latin America, Europe, Africa, the Middle East, South Asia, and the Asia Pacific region.

However, shares of the Purchase, New York-based company pulled back 27.1% from its 52-week high of $180.91. Shares of PepsiCo have declined over 14% over the past three months, lagging behind the Consumer Staples Select Sector SPDR Fund’s (XLP) 1.2% decrease over the same time frame.

Longer term, the food and beverage giant stock is down 13.2% on a YTD basis, underperforming XLP’s 4.5% rise. Moreover, shares of PepsiCo have dipped 23.9% over the past 52 weeks, compared to XLP’s 7.3% return over the same time frame.

PEP stock has been trading mostly below its 50-day and 200-day moving averages since late October last year. 

Shares of PepsiCo fell 4.9% on Apr. 24 after the company reported mixed Q1 2025 results, with revenue of $17.9 billion beating estimates but declining 1.8% year-over-year, and adjusted EPS of $1.48 missing expectations. The company cut its 2025 outlook, projecting flat core constant currency EPS growth instead of the previously expected mid-single-digit increase, citing rising supply chain costs driven by tariffs and soft consumer demand. Additionally, weakness in the North American market contributed to the drop, with food volumes down 1% and beverage volumes falling 3%.

In comparison, rival The Coca-Cola Company (KO) is outperforming PepsiCo. Shares of Coca-Cola have gained 15.6% over the past 52 weeks and 14.8% on a YTD basis.

Despite PEP’s weak price action, analysts are moderately optimistic about its prospects. The stock has a consensus rating of “Moderate Buy” from the 20 analysts covering the stock, and as of writing, PEP is trading below the mean price target of $147.63.