Shares of PepsiCo Inc. PEP, -2.30% shed 2.30% to $167.76 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.57% rising 0.57% to 4,155.38 and the Dow Jones Industrial Average DJIA, +0.26% rising 0.26% to 33,061.50. This was the stock’s second consecutive day of losses. PepsiCo Inc. closed $9.86 short of its 52-week high ($177.62), which the company achieved on April 28th.
The stock underperformed when compared to some of its competitors Monday, as Nestle S.A. ADR NSRGY, -0.34% fell 0.34% to $128.20, Coca-Cola Co. KO, -1.81% fell 1.81% to $63.44, and Unilever PLC ADR UL, -1.34% fell 1.34% to $45.64. Trading volume (7.7 M) eclipsed its 50-day average volume of 5.4 M.