Shares of PepsiCo Inc. PEP inched 0.17% higher to $169.69 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.40% to 5,745.

Sure, PepsiCo's financial results have waxed and waned over time, just like any other company's, but management has kept the business growing through it all. Notably, it has also rewarded investors all along the way. That's the type of stock you want to have in your portfolio.

One pundit tracking the company is particularly concerned about the performance of its foundational snacks business.

PepsiCo Inc. closed $13.49 below its 52-week high ($183.41), which the company reached on May 16th.