PepsiCo shares down 10% in 2026 even as S&P 500 gains 13%
The gap with a key beverage rival is being cited as the clearest explanation for the underperformance.
PepsiCo stock has fallen 10% so far in 2026 while the S&P 500 has risen 13%, a divergence attributed largely to the company lagging a key competitor.
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