Is Pepsi a Solid Portfolio Play?
T = Trends for a Stock’s Movement
Pepsi operates as a food and beverage company worldwide. The company is organized into four business units: PepsiCo Americas Foods, PepsiCo Americas Beverages, PepsiCo Europe, and PepsiCo Asia, Middle East, and Africa. It manufactures, markets, and sells a range of salty, convenient, sweet and grain-based snacks, carbonated and non-carbonated beverages, dairy products, and other foods. Convenience foods are seeing significant demand worldwide as consumers in growing economies are opting for these products. Pepsi stands to see a continued rise in profits for many years as a leading provider of quick, convenient, inexpensive, and enjoyable products worldwide.
Pepsi has scored a win over chief rival The Coca-Cola Co. (NYSE: KO), taking the soft drink business at the more than 975 U.S. locations of Buffalo Wild Wings Inc. (NASDAQ: BWLD), according to a report by the New York Times. A formal announcement is expected later Thursday.