PepsiCo Inc (NASDAQ:PEP, ETR:PEP) has announced the acquisition of Poppi, a fast-growing functional soda brand, for $1.95 billion. The deal, which includes a $300 million anticipated tax benefit, aims to boost Pepsi's presence in the rapidly expanding modern soda market.
PepsiCo announced on Monday that it will acquire a prebiotic soda brand called Poppi, which was founded by a family in Austin, Texas. The deal is valued at nearly $2 billion.
Prebiotic sodas have become a top-growing category in the US within the carbonated drinks segment.
PepsiCo (PEP) will acquire prebiotic soda brand Poppi for $1.65 billion, the snack and beverage giant said Monday.
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PepsiCo said Monday it will pay about $1.7 billion for a soft-drink company that built up a social-media following after appearing on “Shark Tank,” as the beverage giant works to appeal to millennials and Gen Z with healthier offerings.
PepsiCo said on Monday it would buy prebiotic soda brand Poppi for $1.95 billion, expanding in the "healthier soda" category.
PepsiCo buys prebiotic soda brand Poppi for more than $1.6 billion
The bottom is likely in for the stock, as a double bottom has formed on the chart. The indicators provide strong confirmation of the pattern. Most recent earnings were mixed, with GAAP revenues seeing YoY declines but organic and core results showing resilience. Guidance was a bit weaker than desired, with EPS projections signalling a growth slowdown.
PepsiCo (PEP) closed at $148.56 in the latest trading session, marking a +0.15% move from the prior day.
With the recent return of volatility in the stock market, investors have fallen back in love with sturdy consumer staples businesses -- especially the ones that pay out predictably rising dividends. PepsiCo (PEP 0.17%) has been one of those relative winners so far in 2025, with shares up slightly even as the S&P 500 dropped 5%.
PepsiCo is in advanced talks to buy healthier soda brand Poppi, Bloomberg News reported on Friday, citing people with knowledge of the matter.