PepsiCo Bets on Premium Snacks to Fuel Growth in India

PepsiCo is making strategic moves in one of the world’s most dynamic growth markets: India. As the company’s shares have underperformed the S&P 500 for months, the beverage and snack giant is now launching a premium product offensive to reverse its fortunes. The market has responded favorably to this initiative, but will it be sufficient to halt the current downward trend?

Despite today’s positive reaction, the technical picture for PepsiCo shares remains challenging. The stock currently trades around the $146 level, significantly below its 52-week high of $165.13. Since the beginning of the year, the equity has declined approximately 3.9%, contrasting with gains in the broader S&P Read more...