PepsiCo Stock Hits New 52-Week High (PEP)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- PepsiCo (NYSE: PEP) hit a new 52-week high Wednesday as it is currently trading at $84.34, above its previous 52-week high of $84.32 with 1.9 million shares traded as of 12:35 p.m. ET. Average volume has been 5.4 million shares over the past 30 days.

PepsiCo has a market cap of $128.4 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 22% year to date as of the close of trading on Tuesday.

PepsiCo, Inc. operates as a food and beverage company worldwide. The company has a P/E ratio of 21.3, above 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, good cash flow from operations, expanding profit margins, solid stock price performance and notable return on equity. 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.

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