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'Mad Money' host Jim Cramer digs into Pepsico stock to see what is driving the price action right now.
PepsiCo stock jumped 3.7% to US$128.34 by the close, a sharp move for a defensive consumer staple that has drifted over the past month. Traders reacted to one thing above all else: Q3 earnings again leaned on healthy profitability, with net profit margin for the last year at 11.1% and trailing earnings up 49% year on…
PepsiCo PEP) delivered better-than-expected Q3 results on Thursday, but its reduced full-year earnings outlook highlighted the challenges that have caused the beverage and snack giant to significantly underperform rival Coca-Cola KO).Year to date, PEP shares have fallen more than 10%, while KO stoc…