PEP Stock Heads For Worst Month Since May: PepsiCo Commits $1B To Colombia Expansion, Targets Higher Prices Ahead Of Q3 Earnings

• Colombia's president says PepsiCo will invest $1 billion over five years • Morningstar cites strong brands and distribution as long-term positives • PEP shares down over 7% in September; Q3 earnings due Oct. 8 PepsiCo Inc. (PEP) is set for its worst month since May, with shares down more than 7% in September and falling for five straight weeks. The stock slipped another 0.5% overnight Monday. Colombian President Abelardo De La Espriella announced on X that PepsiCo will invest $1 billion over five years to expand production, modernize operations, and strengthen distribution in the country, supporting more than 2,000 farmers and local shopkeepers. The pledge marks one of the biggest corporate commitments secured by Colombia's new government and comes as PepsiCo adjusts pricing ahead of its Oct. 8 Q3 earnings report. Morningstar says PepsiCo's strong brands, distribution network, and international growth support its long-term outlook. Domestically, PepsiCo faces pressure: a Bloomberg report said the company plans to raise prices on some chips, sodas, and dips after earlier cuts, with chip prices rising low-to-mid single digits but staying below pre-cut levels. North American food revenue fell 2% to $6.37 billion in Q2. Analysts expect Q3 revenue of $24.99 billion and EPS of $2.3.