What's Going On With Pepsi Stock?

PepsiCo, Inc. KO shares are trading lower by 5.03% to $160.42 going into the close of Thursday's session. Shares are falling amid Walmart indicating that there has been a decrease in shopping demand due to the use of appetite-suppressing medications such as Ozempic and Wegovy. The stock is also falling amid overall market weakness recent strength in Treasury yields.

Pepsi stock is also well-regarded for its dividend payments, often attracting income-focused investors. However, as interest rates increase, fixed-income investments like bonds become more appealing compared to dividend-yielding stocks.

This can lead some investors to shift their investments away from Pepsi, potentially exerting downward pressure on its stock price.

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Walmart Reports Decrease In Demand

John Furner, the CEO of Walmart's U.S. operations, confirmed in a recent interview that the company has observed a “slight pullback” in the overall shopping basket of customers using these medications...Read More

According to data from Benzinga Pro, PepsiCo has a 52-week high of $196.88 and a 52-week low of $159.87.