PepsiCo Lower After Earnings

Filed under: Earnings Reports, Coca-Cola (KO), PepsiCo (PEP)

PepsiCo, Inc. (PEP) is down in afternoon trading. At the time of this writing, shares of the beverage concern were off by 3.3% to $65.85. A lot of volume was backing the trade. Disappointing for a stock that is supposed to be a defensive instrument. But, truth be told, the earnings report that was released today wasn't so exciting.



The stock has been in up-and-down mode over the last twelve months. The 52-week range is a narrow one: the low for the year is $58.75 while the high is $68.11. In a sense, investors who have been dollar-cost-averaging in the name and reinvesting dividends along the way probably are doing relatively okay in the current environment.

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PepsiCo Lower After Earnings originally appeared on BloggingStocks on Thu, 07 Oct 2010 17:00:00 EST. Please see our terms for use of feeds.

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