Why PepsiCo's Stock Is Trading Higher Today

PepsiCo PEP shares are trading higher after the company reported better-than-expected second-quarter EPS and sales results.

“Despite being faced with significant challenges and complexities as a result of the COVID-19 pandemic, our businesses performed relatively well during the quarter, with a notable level of resiliency in our global snacks and foods business,” said PepsiCo Chairman and CEO Ramon Laguarta.

PepsiCo is one of the largest food and beverage companies globally. The firm segments its operations into four primary geographies, with North America (comprising Frito-Lay North America, Quaker Foods North America, and North America beverages) constituting over 60% of consolidated revenue.

PepsiCo was trading 1.70% higher at $136.74 at time of publication on Monday. The stock has a 52-week high of $147.20 and a 52-week low of $101.42.