PepsiCo Inc. (PEP.O) is in advanced discussions to purchase Texas-based tortilla-chip maker Siete Foods for more than $1 billion, according to sources cited by the Wall Street Journal. The Garza family, which owns and operates Siete Foods, has built a popular brand known for its grain-free snacks and tortillas.
PepsiCo is in advanced talks to acquire tortilla-chip maker Siete Foods for more than $1 billion, Wall Street Journal reported on Monday.
PepsiCo is in advanced talks to acquire tortilla-chip maker Siete Foods for more than $1 billion, according to people familiar with the matter. A deal for the closely held business could be announced soon, provided the talks don't fall apart, the people said.
While PEP's North America business remains troubled, its strategies and execution indicate long-term growth potential.
PepsiCo generates much more revenue than Coca-Cola, but their operating profits are similar. Coca-Cola has adjusted to changing consumer preferences along with the success of its legacy brands.
In the closing of the recent trading day, PepsiCo (PEP) stood at $169.40, denoting a -0.31% change from the preceding trading day.
PepsiCo has a very strong portfolio of consumer staples brands. The company has an incredible dividend story to tell.
PepsiCo has well-recognized beverage and food brands. The stock has a much higher dividend yield than the S&P 500.
The drinks and snacks purveyor ended its trading week with news of an analyst downgrade. Morgan Stanley now feels the stock is a hold.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
PepsiCo (PEP) closed at $174.66 in the latest trading session, marking a -0.31% move from the prior day.
PepsiCo offers stable dividends and a strong product portfolio, but its high price/book ratio makes it a pricey investment currently. The company has substantial long-term debt and a current ratio of 0.83, indicating a need to improve its cash position. PepsiCo faces significant competition domestically and internationally, necessitating heavy marketing investments and growth in emerging markets.