PepsiCo's $1.2 Billion Siete Purchase: The Underrated Move Shaping Its Future

PepsiCo announced it was buying a company and Wall Street basically yawned. While the deal isn't huge, it is still important. Here's why. PepsiCo (PEP 0.26%) is best known for its soda products and snacking options under the Frito-Lay brand. It is a powerful partner as retailers look to attract customers into their stores. And the company just got a little bit better after announcing plans to buy Siete Foods for $1.2 billion, even though Wall Street barely noticed the deal. Here's why the acquisition is so ...