In Pictures via Getty Images Firstly, let us look at PEP stock performance in recent years. PEP stock has witnessed marginal gains from levels of $150 in early January 2021 to around $160 now, vs. an increase of about 45% for the S&P 500 over this roughly three-year period. Overall, the performance of PEP stock with respect to the index has been quite volatile. Returns for the stock were 17% in 2021, 4% in 2022, and -6% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and ...