PepsiCo stock (PEP) steadies after new U.S. dietary rules take aim at sugar, processed snacks
PepsiCo shares rose 0.3% to $139.77 Friday, underperforming Coca-Cola and Mondelez, after new U.S. dietary guidelines urged Americans to cut added sugar and sugary drinks. The guidelines, which influence federal nutrition programs, drew pushback from the beverage industry. Investors await PepsiCo’s Feb. 3 earnings and shareholder update.