PepsiCo Stock Drops 9.3% Amid North America Softness

PepsiCo's stock has dropped 9.3% over the past three months, underperforming the Beverages, Soft Drinks industry and the broader Consumer Staples sector.

The company's shares have trailed its competitors, with The Coca-Cola Company, Primo Brands Corporation, and Monster Beverage Corporation posting gains of 8.6%, 6.5%, and 0.5% respectively during this period.

PepsiCo is currently trading at $137.73, which is 19.7% below its 52-week high of $171.48 and just 3% above its 52-week low of $133.73.

The company's performance remains pressured by softness in North America, cautious consumer spending, margin headwinds, and persistent cost inflation.