Key Takeaways PepsiCo's P/E premium over the soft drinks industry reflects investor confidence and stock momentum.Recent rally lifted PEP 12.8% in three months, outpacing KO, MNST and KDP, which all declined.International growth, PBNA rebound, and portfolio innovation support PepsiCo's operational strength.PepsiCo Inc. (PEP) has enjoyed a strong rally in recent months, pushing its price-to-earnings (P/E) multiple above the Zacks Beverages – Soft Drinks industry average. This valuation premium reflects growi ...