Shares of PepsiCo (NASDAQ: PEP) have been declining for multiple months now. And over the past year, the stock is now down around 6%. This has been a fairly safe stock to own amid inflation, because the soft drink and snack company has been able to pass along rising costs to consumers.

However, there is now some cause for concern given more challenging conditions that could be on the horizon for the business. Let's see what might be best for investors to do now.

PepsiCo isn't normally a fast-growing stock. But over the past few years, it has generally had no problem generating year-over-year growth. In its most recent quarterly results, however, that changed. For the last three months of 2023, PepsiCo's net revenue declined by 0.5% to $27.9 billion. The company's expansion rate hasn't been in this bad shape since the early stages of the pandemic.

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Source Fool.com