Shares of PepsiCo (PEP) rose 1.17% to $138.61 in the afternoon trade on Thursday, snapping a six-session losing streak.
The stock had declined 4.96% between December 30 and January 7, while the S&P 500 rose 0.36% over the same period.
PepsiCo has also been in focus following a report on the company’s long history in Venezuela, where it operates through a joint venture with local partner Empresas Polar amid renewed U.S. involvement in the country.
At the same time, the company announced a multi-year collaboration with Nvidia and Siemens to deploy artificial intelligence and digital twin technology across its manufacturing plants and supply chain, an announcement that analysts highlighted as one of the more notable consumer-sector developments at CES.
Separately, shares the beverage giant have traded defensively following the release of new U.S. dietary guidelines that recommend Americans reduce sugar intake and avoid highly processed foods, a shift that has weighed on beverage and packaged food companies broadly.
According to Seeking Alpha’s Quant rating system, PepsiCo is rated Hold, with a score of 3.40 out of 5. The company carries an A+ grade for profitability and an A- for revisions, partly offset by weaker grades of D+ in growth, C- in valuation, and a B- in momentum.
Seeking Alpha analysts are also cautious on the stock, with a Hold rating.
Turning to Wall Street, seven out of 24 analysts covering the stock, rate it buy or higher, 15 suggest hold, and two rate it with a strong sell.
Shares of PepsiCo have fallen -5.24% over the past month, and have lost around 7% YTD.