Beverage Stocks Slump Ahead of PepsiCo Earnings as Analysts Warn of Volume and Downtrading Pressures

PepsiCo stock slumped ahead of its earnings report next week, with Goldman Sachs warning of weak volume and downtrading pressures.

Higher interest rates, FX pressures, and new focus on weight loss drugs seen as headwinds for beverage stocks.

PepsiCo down 4.49%, Coca-Cola down 4.05%, Keurig Dr Pepper down 3.75%, Monster Beverage down 3.43% in Thursday trading.

Contrary to market sentiment, Seeking Alpha Quant Rating is Strong Buy on both PepsiCo and Coca-Cola.

Earnings reports next week from PepsiCo on October 10 expected to lead volatility in beverage stocks.