PepsiCo (PEP) Stock Sinks As Market Gains: What You Should Know

PepsiCo (PEP) Stock Sinks As Market Gains: What You Should Know
This story originally appeared on Zacks

PepsiCo (PEP) closed at $168.92 in the latest trading session, marking a -0.3% move from the prior day. This move lagged the S&P 500’s daily gain of 1.78%. Meanwhile, the Dow gained 1.61%, and the Nasdaq, a tech-heavy index, added 0.95%.

PepsiCo (PEP) Stock Sinks As Market Gains: What You Should Know – Zacks

Prior to today’s trading, shares of the food and beverage company had gained 3.21% over the past month. This has outpaced the Consumer Staples sector’s gain of 2.41% and the S&P 500’s loss of 2.63% in that time.

Wall Street will be looking for positivity from PepsiCo as it approaches its next earnings report date. This is expected to be February 10, 2022. In that report, analysts expect PepsiCo to post earnings of $1.52 per share. This would mark year-over-year growth of 3.4%. Our most recent consensus estimate is calling for quarterly revenue…

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