Frito Lay

PepsiCo Inc. (NASDAQ:PEP) reported a mixed fourth quarter, missing revenue while beating earnings per share estimates. The management highlighted key strategic changes to its snack business Frito-Lay North America, which manufactures popular products like Lays, Cheetos, and Doritos. What Happened:...

Analysts at Credit Suisse turned cautious on the entire U.S. beverage industry which prompted a downgrade of PepsiCo, Inc. (NYSE: PEP). The firm's Laurent Grandet downgraded PepsiCo's stock rating from Outperform to Neutral with a price target lowered from $126 to $124. PepsiCo's success over the...

As a rule, when activist shareholders and large corporations lock horns, sparks fly. Such was the case with Trian Fund Management LP’s Nelson Peltz and PepsiCo (NYSE: PEP). According to Bloomberg, Peltz, who has been involved in several large food industry deals, said Wednesday that the world...