PepsiCo Hasn't Been This Cheap Relative to Earnings in 6 Years. Here's Why That's the Signal to Buy

Snack and beverage giant PepsiCo (NASDAQ: PEP) has struggled over the past few years.

The stock began diverging from arch-rival Coca-Cola in early 2024.

It has fallen by about 20% since then, while Coca-Cola has risen by 57%.