PepsiCo said Tuesday that it's buying Mexican-American food company Siete Foods for $1.2 billion, marking the company's first food acquisition in roughly five years. Like many food companies, Pepsi has been trying to shift its portfolio to include healthier options in recent years, usually through acquisitions. Recent additions include Bare Snacks, Health Warrior and PopCorners. Soon that will also include Siete. Founder Veronica Garza started the company in 2014, when she began selling grain-free tortillas ...

PURCHASE, N.Y. and AUSTIN, Texas, Oct. 1, 2024 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) ("PepsiCo") today announced that it has entered into a definitive agreement to acquire Garza Food Ventures LLC, dba Siete Foods ("Siete") for $1.2 billion. The acquisition will complement PepsiCo's portfolio with the addition of an authentic, Mexican-American brand, while also growing its better-for-you food offerings. Siete products will bring a rich, new aspect to the PepsiCo multicultural portfolio with delicious f ...

PepsiCo Inc. (PEP) stock is trading at a discount compared with the Zacks Beverages – Soft Drinks industry. With a forward 12-month Price/Earnings ratio of 19.8X, it sits below the industry average of 21.5X and the Consumer Staples sector's 18.4X. The stock also trades below the S&P 500's multiple of 21.9X. The soft drink behemoth has a market capitalization of $233.5 billion. The average volume of shares traded in the last three months was 5.4 million. Image Source: Zacks Investment Research The stock is a ...

These two leaders in consumer staples have taken different approaches to their thriving businesses. There aren't many places you can visit globally and not run into products from Coca-Cola (KO 0.55%) or PepsiCo (PEP 0.18%). They both have a stronghold on nonalcoholic beverages, and PepsiCo has built a solid portfolio of snack brands. It's one of the more iconic rivalries in any industry. Over the years, both Coca-Cola and PepsiCo have rewarded their investors. However, if you were to choose one in a bull ma ...

PepsiCo Foundation Awards Nearly 6,000 Scholarships PURCHASE, N.Y., Sept. 24, 2024 /PRNewswire/ -- The PepsiCo Foundation is helping to create future employees and entrepreneurs in the U.S through scholarship and workforce development programs, providing students with financial support, networking opportunities, and career guidance. As part of its ongoing mission to drive positive change in our communities, in the last five years the PepsiCo Foundation is proud to have awarded nearly 6,000 scholarships in t ...

PepsiCo is an iconic consumer staples company that doesn't go on sale very often. It is on sale right now. If you have ever looked at PepsiCo (PEP -1.99%) and wished the stock price was lower, then you need to examine it again right now. While shares are only about 10% below their high water mark, other metrics suggest that this iconic consumer staples maker is attractively priced today. A good price for a great company is an awesome reason to buy PepsiCo stock like there's no tomorrow. Here is a slew of re ...

PepsiCo has badly lagged the S&P 500 over the last year. Does this represent a buying opportunity? When a stock doesn't perform well, it's natural to ask whether you should buy, hold, or sell the shares. After all, it could present an opportunity, or the market might sense there are continuing challenges with the company. PepsiCo's (PEP -1.99%) shareholders face such a decision. The share price has badly underperformed the market, falling 1.5% over the past year even as the S&P 500 gained 26.6% during this ...

PepsiCo (PEP) closed the latest trading day at $174.66, indicating a -0.31% change from the previous session's end. This change lagged the S&P 500's 1.7% gain on the day. Meanwhile, the Dow experienced a rise of 1.26%, and the technology-dominated Nasdaq saw an increase of 2.51%. Prior to today's trading, shares of the food and beverage company had 0% over the past month. This has lagged the Consumer Staples sector's gain of 2.99% and the S&P 500's gain of 1.27% in that time. Market participants will be clo ...

When you're an income investor, one of the key attractive features is dividend stability. It's nice to have a company that has an iconic product, and steady income that will allow them to maintain a dividend payout at or above I'm Jason Ditz and I have 20 years of experience in foreign policy research. My work has appeared in Forbes, Toronto Star, Minneapolis Star-Tribune, Providence Journal, Washington Times and the Detroit Free Press, as well as American Conservative Magazine and the Quincy Institute for ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial . After being significantly undervalued last year, the Consumer Staples Select Sector SPDR ETF ( XLP ) has returned roughly 17% year-to-date. This has pushed its forward P/E ratio to roughly 21.5x, the highest multiple since Analyst's Disclosure: I/we have a beneficial long posit ...