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Actionable news in PEP: PEPSICO Inc,

Forget PepsiCo's Strong Earnings — Its Stock Is Stuck By Paul Price | Oct 07, 2015 | 02:00 PM EDT

Editor's Note: This article was originally published on Real Money at 10 a.m. EDT on Oct. 7.

NEW YORK (Real Money) -- Beverage and snack food giant PepsiCo (PEP - Get Report) reported better-than-expected third-quarter earnings, if you are willing to treat write-offs from its Venezuelan unit as a nonrecurring event. Adjusted earnings per share were $1.35 vs. last year's $1.32, or about six cents ahead of the consensus view. Management raised full-year guidance to $4.65. Shortly after Tuesday's opening, the shares touched $98. They've remained above that level as of midday Wednesday.

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Since 2007, Pepsi has not been a barn burner. It has underperformed the broad market by quite a bit even after figuring in the yield. Growth has languished in the single digits and figures to remain in that neighborhood for the foreseeable...