2024-06-17 12:25:54 ET
Summary
- PepsiCo has been underperforming the market for the past decade.
- The company is facing significant headwinds, including market share losses in beverages.
- The path to market-beating returns for PepsiCo is uncertain, leading to a downgrade to a Hold rating.
PepsiCo ( PEP ), the dividend investor's darling, has been underperforming the market for the past decade, along with its consumer staple peers....
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PepsiCo: Add Market Share Losses To The Headwind Mix (Rating Downgrade)