PEP Stock Recent News
PEP LATEST HEADLINES
On Tuesday, PepsiCo agreed to acquire grain-free Mexican-American brand Siete Foods for $1.2 billion, adding to its roster of healthier food and snack offerings, according to the Wall Street Journal.
PepsiCo's stock rose Tuesday, bucking the selloff in the broader stock market, after the beverage and snacks giant announced an agreement to buy Mexican-American foods maker Siete Foods for $1.2 billion a week before earnings are released.
PepsiCo is buying Mexican-American food company Siete Foods for $1.2 billion. Siete's tortilla chips and other products are designed to meet dietary restrictions.
PepsiCo said on Tuesday it would acquire Garza Food Ventures for $1.2 billion.
PURCHASE, N.Y. and AUSTIN, Texas , Oct. 1, 2024 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) ("PepsiCo") today announced that it has entered into a definitive agreement to acquire Garza Food Ventures LLC, dba Siete Foods ("Siete") for $1.2 billion.
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.
PepsiCo has a very strong portfolio of consumer staples brands. The company has an incredible dividend story to tell.
The drinks and snacks purveyor ended its trading week with news of an analyst downgrade. Morgan Stanley now feels the stock is a hold.