Shares of PepsiCo Inc. /zigman2/quotes/208744353/composite PEP -0.28% slipped 1.03% to $156.28 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.75% falling 1.07% to 4,400.27 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.09% falling 1.08% to 34,960.69. This was the stock's second consecutive day of losses. PepsiCo Inc. closed $2.38 short of its 52-week high ($158.66), which the company reached on July 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Nestle S.A. ADR /zigman2/quotes/210131093/delayed NSRGY +0.42% fell 0.43% to $126.44, Coca-Cola Co. /zigman2/quotes/209159848/composite KO -0.24% fell 1.36% to $56.50, and Unilever PLC ADR /zigman2/quotes/204685760/composite UL -0.34% fell 1.38% to $56.31. Trading volume (3.0 M) remained 1.2 million below its 50-day average volume of 4.2 M.