This acquisition is a clear indication of PepsiCo’s (NASDAQ: ) strategy to adapt and grow within the health segment of the food industry. The information reported is based on a press release statement from PepsiCo. With the stock currently trading near its 52-week low and exhibiting relatively low price volatility, investors looking for detailed analysis can access comprehensive valuation metrics and future growth projections via on It’s InvestingPro extensive research reports, available for over 1,400 US stocks. With the stock currently trading near its 52-week low and showing relatively low price volatility, investors looking for detailed analysis can access comprehensive valuation metrics and future growth projections via on It’s InvestingPro extensive research reports, available for over 1,400 US stocks.

Siete Foods, a family-run company known for its grain-free tortillas and other Mexican-American food products, has joined the ranks of PepsiCo brands after a series of acquisitions aimed at improving the company’s offerings in line with changing consumer preferences.

Steven Williams, CEO of PepsiCo North America, stated, “We are committed to changing our portfolio to include more positive choices that meet consumer demand for convenient and delicious products.” He emphasized the company’s dedication to maintaining the authenticity of the Siete brand while making it more widely available.

Siete Foods, which began as an almond flour tortilla sold at an Austin co-op, has grown to distribute its products, including grain-free tortillas, sauces, seasonings, and snacks, to over 40,000 retailers.

Miguel Garza, CEO and Co-Founder of Siete Foods, expressed enthusiasm for the partnership with PepsiCo, seeing it as an opportunity for growth and expansion. He emphasized the company’s mission to create inclusive foods that reflect Mexican-American heritage and cater to diverse dietary needs.

This acquisition is a clear indication of PepsiCo’s strategy to adapt and grow within the health-conscious segment of the food industry. The information reported is based on a press release statement from PepsiCo. With the stock currently trading near its 52-week low and showing relatively low price volatility, investors looking for detailed analysis can access comprehensive valuation metrics and future growth projections via on It’s InvestingPro extensive research reports, available for over 1,400 US stocks.

The transaction involved Centerview Partners LLC and Citi as financial advisors to PepsiCo, with Gibson Dunn & Crutcher LLP acting as legal advisor. Lazard (NYSE:), Weil, Gotshal & Manges LLP, and Armbrust & Brown, PLLC are serving as advisors to Siete Foods.

This acquisition is a clear indication of PepsiCo’s strategy to adapt and grow within the health-conscious segment of the food industry. The information reported is based on a press release statement from PepsiCo.

In other recent news, Piper Sandler highlighted the potential for growth in emerging markets for companies such as Coca-Cola (NYSE: ) and PepsiCo. Coca-Cola is known for its significant brand investment and expected price momentum, especially from emerging markets. In contrast, Piper Sandler expressed caution about Keurig Dr Pepper (NASDAQ: ) due to recent increases in coffee input costs.

Piper Sandler also initiated coverage on shares of PepsiCo, giving the stock an Overweight rating and setting a $171.00 price target. Despite some challenges, the company sees the current uncertainty reflected in the stock price and recommends buying the shares. Deutsche Bank (ETR:) upgraded shares of PepsiCo from Hold to Buy, adjusting the price target to $184 from $179, reflecting confidence in the company’s current valuation.

On the environmental front, Keybanc promotes reducing the demand for recycled plastic. Major companies such as PepsiCo and Coca-Cola are navigating this landscape, each taking different strategic approaches to incorporate chemical recycling for various plastics. Despite these challenges, PepsiCo maintains impressive gross profit margins, reflecting operational efficiency.

Finally, PepsiCo announced a 7% increase in its quarterly dividend to $1.355 per share, continuing its trend of consistent dividend payments since 1965. This decision follows the company’s strong financial performance. , with net income exceeding $91 billion by 2023. These are some of the recent developments for investors to consider.

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