Why Pepsico Stock Slipped Today

Problems at Quaker Foods overshadowed an otherwise solid quarter.Shares of Pepsico (PEP -2.97%), the global food and beverage giant, finished the day lower as its first-quarter beat was counteracted by a recall in its Quaker Foods business and a drop in U.S. sales.As a result, the stock closed today's session down 3%. Pepsi falls short of high expectationsPepsico has historically been a slow-growth company, but it has earned a high-earnings multiple for its competitive advantages and recession-proof busines ...