PepsiCo Down Over 4% Despite Inline Earnings

PepsiCo PEP is down over 4% despite the earnings being inline this morning. The company reported Q2 EPS of $1.21 vs. $1.21 Est and revenues $16.83B vs. $16.41B Est. PepsiCo is currently trading at $65.44, a loss of $3.05 or 4.45%.