Deep Dive: Does PepsiCo Have Its Fizz Back?

On July 17th, PepsiCo (NASDAQ:PEP) stock climbed 7.5% after the firm reported better-than-expected revenue and earnings results. Although there have been positive observations about PEP stock — like its valuation and dividend yield — there is no masking its poor performance. Going into earnings, shares were down 11% on the year and almost 18% over the past 12 months. Shares are still down 26.5% from its record high in May 2023. Further, PepsiCo has underperformed Coca-Cola (NYSE:KO) over the last one, three and five years. So bulls want to know: Can PepsiCo sustain this momentum and turn things around?