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Stock #4: PepsiCo (PEP)
PepsiCo (PEP) is the world leader in convenient foods and beverages. This is not surprising, as PepsiCo has a large range of popular brands filling its portfolio, including Lay’s, Ruffles, Doritos, Tostitos, Fritos, Cheetos, Rold Gold, Pepsi, Mountain Dew, Slice, Gatorade, Propel, Tropicana and Quaker. Plus, they’re available in 200 countries.
PepsiCo has been around a long time, founded in 1965 when Pepsi-Cola merged with Frito-Lay. Under CEO Indra Nooyi’s careful guidance, PepsiCo has made some smart decisions over the years including its acquisition of Tropicana in 1998 and merger with Quaker in 2001. During her tenure, PepsiCo has also made strategic alliances like its North America Coffee Partnership with Starbucks. This partnership recently expanded to China, where Frappuccinos will be sold throughout PepsiCo’s distribution network.
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