Shares of PepsiCo Inc. /zigman2/quotes/208744353/composite PEP -2.66% inched 0.76% higher to $161.31 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -1.90% rising 0.37% to 4,536.19 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.86% rising 0.43% to 35,609.34. This was the stock's second consecutive day of gains. PepsiCo Inc. hit a new 52-week high, surpassing its previous peak of $160.16, which the company achieved on October 19th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Nestle S.A. ADR /zigman2/quotes/210131093/composite NSRGY -1.40% rose 2.82% to $126.00, Coca-Cola Co. /zigman2/quotes/209159848/composite KO -3.16% rose 0.89% to $54.63, and Unilever PLC ADR /zigman2/quotes/204685760/composite UL -3.62% rose 0.55% to $52.80. Trading volume (3.7 M) remained 60,713 below its 50-day average volume of 3.8 M.