The Bitter Taste of Underperformance: PepsiCo's Struggles in a Changing World PepsiCo, once a stalwart giant in the consumer defensive sector, has been struggling to keep pace with its peers.
Despite its diverse portfolio and iconic brands like Pepsi Cola, Frito Lay, and Gatorade, the company's stock price has lagged behind the State Street Consumer Staples Select Sector SPDR ETF (XLP) over the past few months.
The numbers are striking: shares of PepsiCo have declined 3. 6% over the past three months, while XLP has risen by 1. 2% during the same period. Long term, PepsiCo's stock is down 1.