NEW YORK (

TheStreet

) --

PepsiCo

(NYSE:

PEP

) hit a new 52-week high Thursday as it is currently trading at $70.95, above its previous 52-week high of $70.89 with 823,371 shares traded as of 9:40 a.m. ET. Average volume has been 6.8 million shares over the past 30 days.

PepsiCo has a market cap of $107.59 billion and is part of the

consumer goods

sector and

food & beverage

industry. Shares are up 6% year to date as of the close of trading on Wednesday.

PepsiCo, Inc. engages in the manufacture and sale of snacks, carbonated and non-carbonated beverages, dairy products, and other foods worldwide. The company has a P/E ratio of 17.1, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates PepsiCo as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

PepsiCo Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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.

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