Core Insights - PepsiCo (PEP) has a strong competitive position due to its wide moat status, particularly benefiting its Frito Lay division, which allows for premium pricing strategies on market-leading products like Lay's Potato [1] Group 1: Competitive Position - The company's wide moat status has historically provided a strong competitive advantage [1] - The Frito Lay division is a key contributor to this competitive strength [1] Group 2: Pricing Strategy - PepsiCo employs premium pricing strategies for its leading products, which enhances profitability [1]