Pepsi (PEP) Stock Hits the Peak Along With the Beverage Prices

For PepsiCo, the opening of the market on July 13, 2021, brought a sharp rise in stocks, up as much as 2.33% compared to the previous day’s price. By the way, as of July 13, 2021, the stock price of this company is $152.96. After a critical crash on March 16, 2020, PepsiCo not only recovered but continue to break new records. Just to mention, the gain momentum since that inferior day is 47.17%.

PepsiCo will boost sales volumes this year, the corporation announced on Tuesday, after raising its full-year profits projection due to increased demand for its beverages from customers who are tired of the epidemic, thus going to restaurants and cinemas.

A variety of causes, including interruptions in international supply chains and increased demand, have forced up raw-material prices, compelling PepsiCo to transfer prices for consumers. The latest batch of data, which revealed that consumer prices in the United States climbed by the greatest in 13 years in June, emphasized the inflationary trend.

Paul Meyer

Part-Time Reporter. Paul could do better in his engineering profession where he became a real pro. However, he chose the finance field to find a tranquil environment in his career. Today he creates a good number of great content for our team.

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