Shares of beverage-and-snack giant PepsiCo Inc. were on track to hit an all-time high on Tuesday, helped by an upbeat outlook and another round of quarterly results in which price increases helped drive sales higher — even as the company sold less food and hardly any more drinks.
The stock was up 2.1% on Tuesday. If those gains hold, they would mark a new record high for PepsiCo PEP, after the company hiked its profit forecast for the year and reported first-quarter results that beat expectations.
However,…
