Pepsi Reported Higher Revenue and Earnings. So Why Is the High-Yield Dividend Stock Hovering Around a 52-Week Low?

PepsiCo reported Q2 earnings that beat analyst estimates with 6% revenue growth and doubled GAAP net income, yet shares fell 3%. The decline reflects investor concerns about weakness in North America operations, particularly in beverages (4% volume decline) and snacks (2% sales drop), despite strong international growth. The company maintains its Dividend King status with a 4.3% yield but faces long-term headwinds from shifting consumer preferences toward healthier products.