Is PEP's 1% Gain in a Month Enough to Justify Holding the Stock?

PepsiCo Inc. (PEP) stock has shown a slow progression on the bourses, with its shares rising just 1% in the past month. The company's third-quarter 2024 results released on Oct. 8, 2024, also failed to impress investors as its revenue continued to reflect the impacts of subdued category demand in its convenient food business and the effects of a product recall in the Quaker Foods North America ("QFNA") segment. However, shares of the beverage and snacking big wig outperformed the broader industry and the Za ...