PepsiCo Stocks Price Today (PEP)
2023.02.08 14:37
PepsiCo, Inc. is a multinational American food, snack, and beverage company with headquarters in Purchase, a hamlet in Harrison, New York. PepsiCo operates in every sector of the food and beverage industry. It is in charge of product marketing, distribution, and manufacturing.
PepsiCo was founded in 1965 as a result of the merger of Frito-Lay, Inc. and the Pepsi-Cola Company. Since then, PepsiCo has grown beyond its flagship product, Pepsi Cola, to include a wide range of food and beverage brands. The largest and most recent acquisition was Pioneer Foods in 2020 for US$1.7 billion. Prior to that, Pepsi bought Tropicana Products in 1998 and the Quaker Oats Company in 2001, which added the Gatorade brand to its portfolio.
PepsiCo has 23 brands with annual sales of more than US$1 billion. The company has operations all over the world and distributes its products in more than 200 countries, generating annual net revenues of more than US$70 billion.
Based on net revenue, profit, and market capitalization, PepsiCo is the second-largest food and beverage company in the world, behind Nestlé. PepsiCo’s leader item, Pepsi Cola has been participated in a competition for ages with Coca-Cola; The cola wars are a common name for it.
PepsiCo is the largest food and beverage company by net revenue in the North American market, despite the fact that Coca-Cola sells more bottles than Pepsi Cola does. PepsiCo has been led by Ramon Laguarta as CEO since 2018. In some areas, PepsiCo and licensed bottlers handle the company’s beverage distribution and bottling.
