It's going to be another forgettable year for beverage giant PepsiCo ( PEP +1.08% ) shareholders. The stock's trading down (albeit slightly) since the end of 2024, marking the third year in a row it's lost ground . Almost needless to say, investors have become more than a little frustrated.

The good news is that this frustration is finally affecting real change. The even better news is that it will be pretty easy to know if this change is working. It shouldn't take too long to see it, either.

A much-needed turnaround is in the works

As a reminder, PepsiCo isn't just its namesake cola. The company also owns Mountain Dew, Gatorade, and Tropicana juices, as well as Frito-Lay snacks and chips, which include Doritos and Cheetos. It even owns Quaker Oats.

It's this food arm that's

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