Shares of PepsiCo Inc. PEP, +1.03% advanced 1.03% to $154.54 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.12% rising 0.12% to 4,374.30 and the Dow Jones Industrial Average DJIA, +0.13% rising 0.13% to 34,933.23. This was the stock’s third consecutive day of gains. PepsiCo Inc. hit a new 52-week high, surpassing its previous peak of $153.91, which the company achieved on July 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Nestle S.A. ADR NSRGY, +0.16% rose 0.16% to $126.13, Coca-Cola Co. KO, +2.25% rose 2.25% to $56.26, and Unilever PLC ADR UL, -0.05% fell 0.05% to $59.77. Trading volume (6.1 M) eclipsed its 50-day average volume of 4.8 M.