• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    PEPSICO COMPLETES ACQUISITION OF SIETE FOODS

    1/17/25 9:20:00 AM ET
    $PEP
    Beverages (Production/Distribution)
    Consumer Staples
    Get the next $PEP alert in real time by email

    Deal Will Expand PepsiCo's Food Portfolio to Include More Options for Consumers Looking for Positive Choices and Simple Ingredients

    PURCHASE, N.Y. and AUSTIN, Texas, Jan. 17, 2025 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ:PEP) ("PepsiCo") today announced that it has closed the acquisition of Garza Food Ventures LLC, dba Siete Foods ("Siete"), for $1.2 billion. 

    PepsiCo (PRNewsfoto/PepsiCo, Inc.)

    Over the past two decades, PepsiCo has transformed its portfolio to include great-tasting convenient foods and drinks that are nutritious, enjoyable, and fit consumers' lifestyles. The company continues to expand positive choices for consumers by reducing salt, sugar, and saturated fat from loved brands without compromising taste and transforming its portfolio through continuous innovation and strategic acquisition to include more positive nutrition.  

    The growing Siete brand is the latest in a line of PepsiCo acquisitions that include PopCorners, Bare, Stacy's Pita Chips, and most recently, Sabra. With Siete, PepsiCo will further expand its portfolio of products with nutritious, simple foods and ingredients and bring this popular, growing brand to new fans in even more places. 

    "We're committed to transforming our portfolio to include more positive choices that meet consumer demand for convenient and delicious products," said Steven Williams, CEO of PepsiCo North America. "We love the Siete brand for the same reason so many loyal consumers do and are dedicated to preserving its special attributes while making the brand more widely available and accessible on a broader scale." 

    Siete started with a single almond flour tortilla sold in an Austin co-op. Today, the Siete Foods portfolio spans a variety of authentic, better-for-you products, including Grain Free Tortillas, Enchilada Sauces, Taco Seasonings, Botana Sauces, Mexican Cookies, Vegan Beans, Grain Free Puffs, Tortilla Chips, Potato Chips, and Salsas at more than 40,000 retailers.  

    "Today marks a defining moment in Siete's journey and an exciting chapter of growth and expansion for our brand," said Miguel Garza, CEO and Co-Founder of Siete Foods. "When our family founded Siete 10 years ago, it was with a heartfelt mission: to share the beauty of our Mexican-American heritage and Latino culture with the world, creating foods that everyone can enjoy, love, and feel connected to. The overwhelming support and passion we've seen – from the love for our products to the celebration of this milestone for Latino entrepreneurship – have profoundly inspired us. As we join PepsiCo, my family and I are committed to honoring, amplifying, and continuing to build the Siete brand and welcoming even more people to join us at the table." 

    Centerview Partners LLC acted as lead financial advisor to PepsiCo. Citi also served as financial advisor. Gibson Dunn & Crutcher LLP is acting as legal advisor to PepsiCo. Lazard acted as financial advisor to Siete and Weil, Gotshal & Manges LLP, as well as Armbrust & Brown, PLLC, acted as legal advisors to Siete. 

    About PepsiCo 

    PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $91 billion in net revenue in 2023, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.  

    Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for the planet and people. For more information, visit www.PepsiCo.com. 

    About Siete Family Foods 

    Siete Foods is a Mexican-American food brand on a mission to inspire inclusivity around the table by sharing delicious heritage-inspired foods for a variety of dietary needs and preferences. Founded in 2014 in Austin, TX, Siete brought all seven (siete) members of the Garza family together on their journey to health. Siete's products span meals and macro snacks categories, including Grain Free Tortillas, Enchilada Sauces, Taco Seasonings, Botana Sauces, Mexican Cookies, Vegan Beans, Grain Free Puffs, Tortilla Chips, Potato Chips, and Salsas, available across more than 40,000 retailers, as well as online at sietefoods.com. Join the family @sietefoods on Facebook and Instagram.  

    PepsiCo Cautionary Statement  

    Statements in this communication that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. Terminology such as "believe," "expect," "future," "intend," "may," "plan," "position," "potential," "should," "will" or similar statements or variations of such words and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward-looking statements. Such risks and uncertainties include, but are not limited to: the risks associated with the deadly conflict in Ukraine; future demand for PepsiCo's products; damage to PepsiCo's reputation or brand image; product recalls or other issues or concerns with respect to product quality and safety; PepsiCo's ability to compete effectively; PepsiCo's ability to attract, develop and maintain a highly skilled and diverse workforce or effectively manage changes in our workforce; water scarcity; changes in the retail landscape or in sales to any key customer; disruption of PepsiCo's manufacturing operations or supply chain, including continued increased commodity, packaging, transportation, labor and other input costs; political, social or geopolitical conditions in the markets where PepsiCo's products are made, manufactured, distributed or sold; PepsiCo's ability to grow its business in developing and emerging markets; changes in economic conditions in the countries in which PepsiCo operates; future cyber incidents and other disruptions to our information systems; failure to successfully complete or manage strategic transactions; PepsiCo's reliance on third-party service providers and enterprise-wide systems; climate change or measures to address climate change and other sustainability matters; strikes or work stoppages; failure to realize benefits from PepsiCo's productivity initiatives; deterioration in estimates and underlying assumptions regarding future performance of our business or investments that can result in impairment charges; fluctuations or other changes in exchange rates; any downgrade or potential downgrade of PepsiCo's credit ratings; imposition or proposed imposition of new or increased taxes aimed at PepsiCo's products; imposition of limitations on the marketing or sale of PepsiCo's products; changes in laws and regulations related to the use or disposal of plastics or other packaging materials; failure to comply with personal data protection and privacy laws; increase in income tax rates, changes in income tax laws or disagreements with tax authorities; failure to adequately protect PepsiCo's intellectual property rights or infringement on intellectual property rights of others; failure to comply with applicable laws and regulations; and potential liabilities and costs from litigation, claims, legal or regulatory proceedings, inquiries or investigations. 

    For additional information on these and other factors that could cause PepsiCo's actual results to materially differ from those set forth herein, please see PepsiCo's filings with the SEC, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. 

    Media Contact:  

    [email protected] 

    Siete Foods Logo (PRNewsfoto/PepsiCo, Inc.)

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/pepsico-completes-acquisition-of-siete-foods-302354315.html

    SOURCE PepsiCo, Inc.

    Get the next $PEP alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $PEP

    DatePrice TargetRatingAnalyst
    4/15/2025$155.00Buy → Neutral
    BofA Securities
    3/18/2025$168.00 → $156.00Overweight → Equal Weight
    Barclays
    3/12/2025$171.00 → $170.00Buy → Hold
    Jefferies
    1/7/2025$171.00Overweight
    Piper Sandler
    12/12/2024$179.00 → $184.00Hold → Buy
    Deutsche Bank
    10/10/2024$190.00 → $183.00Buy → Hold
    TD Cowen
    9/20/2024$185.00Overweight → Equal-Weight
    Morgan Stanley
    7/19/2024$183.00Buy → Hold
    DZ Bank
    More analyst ratings

    $PEP
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • PepsiCo and AWS Collaborate to Accelerate Digital Transformation

      PepsiCo selects AWS as a strategic cloud provider for AI, supply chain and consumer experience. PURCHASE, N.Y., May 7, 2025 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ:PEP) today announced a strategic, multi-year agreement with Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), reinforcing its commitment to accelerating enterprise-wide digital transformation. By leveraging AWS's infrastructure and services, PepsiCo is driving faster AI innovation, transforming its supply chain and go-to-market strategies, and creating deeper, more personalized experiences with consumers.

      5/7/25 9:00:00 AM ET
      $AMZN
      $PEP
      Catalog/Specialty Distribution
      Consumer Discretionary
      Beverages (Production/Distribution)
      Consumer Staples
    • PepsiCo Declares Quarterly Dividend

      PURCHASE, N.Y., May 6, 2025 /PRNewswire/ -- The Board of Directors of PepsiCo, Inc. (NASDAQ:PEP) today declared a quarterly dividend of $1.4225 per share of PepsiCo common stock, a 5 percent increase versus the comparable year-earlier period. Today's action is consistent with PepsiCo's previously announced increase in its annualized dividend to $5.69 per share from $5.42 per share, which is expected to begin with the June 2025 payment. This dividend is payable on June 30, 2025 to shareholders of record at the close of business on June 6, 2025. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2025 marked the company's 53rd consecutive annual dividend increase.

      5/6/25 4:20:00 PM ET
      $PEP
      Beverages (Production/Distribution)
      Consumer Staples
    • Forget Sugary Sodas Wellness Drinks Are Gaining Ground With Consumers and Investors

      Equity Insider News Commentary Issued on behalf of Safety Shot, Inc. VANCOUVER, B.C., April 25, 2025 /PRNewswire/ -- Equity Insider News Commentary – The way people consume beverages is changing, both in terms of what they're drinking and how they're buying it. Functional and fortified drinks are gaining ground, with analysts at Insight Ace Analytic forecasting the category to grow at a 7.9% annual rate through 2035. Industry watchers now consider functional beverages one of the fastest-expanding segments within the broader wellness market. This shift hasn't gone unnoticed by investors, especially as companies across the sector continue to roll out new products and strategies to capture dema

      4/25/25 3:22:00 PM ET
      $FIZZ
      $KO
      $PEP
      $SHOT
      Beverages (Production/Distribution)
      Consumer Staples
      Package Goods/Cosmetics
      Consumer Discretionary

    $PEP
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by PepsiCo Inc. (Amendment)

      SC 13G/A - PEPSICO INC (0000077476) (Subject)

      2/13/24 4:55:53 PM ET
      $PEP
      Beverages (Production/Distribution)
      Consumer Staples
    • SEC Form SC 13G/A filed by PepsiCo Inc. (Amendment)

      SC 13G/A - PEPSICO INC (0000077476) (Subject)

      2/9/23 10:54:48 AM ET
      $PEP
      Beverages (Production/Distribution)
      Consumer Staples
    • SEC Form SC 13G/A filed by PepsiCo Inc. (Amendment)

      SC 13G/A - PEPSICO INC (0000077476) (Subject)

      2/9/22 3:15:51 PM ET
      $PEP
      Beverages (Production/Distribution)
      Consumer Staples

    $PEP
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SVP and Controller Gallagher Marie T. sold $3,988,780 worth of PepsiCo (25,000 units at $159.55), decreasing direct ownership by 53% to 22,312 units (SEC Form 4)

      4 - PEPSICO INC (0000077476) (Issuer)

      3/6/25 4:00:18 PM ET
      $PEP
      Beverages (Production/Distribution)
      Consumer Staples
    • CEO, North America Williams Steven C was granted 38,855 units of PepsiCo, covered exercise/tax liability with 10,366 units of PepsiCo and sold $2,712,733 worth of PepsiCo (17,978 units at $150.89), increasing direct ownership by 9% to 122,249 units (SEC Form 4)

      4 - PEPSICO INC (0000077476) (Issuer)

      3/4/25 4:05:19 PM ET
      $PEP
      Beverages (Production/Distribution)
      Consumer Staples
    • EVP, Gen Counsel & Corp Sec Flavell David was granted 18,544 units of PepsiCo, covered exercise/tax liability with 5,242 units of PepsiCo and sold $1,042,144 worth of PepsiCo (6,906 units at $150.90), increasing direct ownership by 18% to 42,660 units (SEC Form 4)

      4 - PEPSICO INC (0000077476) (Issuer)

      3/4/25 4:05:09 PM ET
      $PEP
      Beverages (Production/Distribution)
      Consumer Staples

    $PEP
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • PepsiCo downgraded by BofA Securities with a new price target

      BofA Securities downgraded PepsiCo from Buy to Neutral and set a new price target of $155.00

      4/15/25 9:28:10 AM ET
      $PEP
      Beverages (Production/Distribution)
      Consumer Staples
    • PepsiCo downgraded by Barclays with a new price target

      Barclays downgraded PepsiCo from Overweight to Equal Weight and set a new price target of $156.00 from $168.00 previously

      3/18/25 7:54:59 AM ET
      $PEP
      Beverages (Production/Distribution)
      Consumer Staples
    • PepsiCo downgraded by Jefferies with a new price target

      Jefferies downgraded PepsiCo from Buy to Hold and set a new price target of $170.00 from $171.00 previously

      3/12/25 7:30:35 AM ET
      $PEP
      Beverages (Production/Distribution)
      Consumer Staples

    $PEP
    SEC Filings

    See more

    $PEP
    Financials

    Live finance-specific insights

    See more
    • SEC Form DEF 14A filed by PepsiCo Inc.

      DEF 14A - PEPSICO INC (0000077476) (Filer)

      3/28/25 4:15:58 PM ET
      $PEP
      Beverages (Production/Distribution)
      Consumer Staples
    • SEC Form DEFA14A filed by PepsiCo Inc.

      DEFA14A - PEPSICO INC (0000077476) (Filer)

      3/28/25 4:16:26 PM ET
      $PEP
      Beverages (Production/Distribution)
      Consumer Staples
    • SEC Form 144 filed by PepsiCo Inc.

      144 - PEPSICO INC (0000077476) (Subject)

      3/3/25 4:17:52 PM ET
      $PEP
      Beverages (Production/Distribution)
      Consumer Staples
    • PepsiCo Declares Quarterly Dividend

      PURCHASE, N.Y., May 6, 2025 /PRNewswire/ -- The Board of Directors of PepsiCo, Inc. (NASDAQ:PEP) today declared a quarterly dividend of $1.4225 per share of PepsiCo common stock, a 5 percent increase versus the comparable year-earlier period. Today's action is consistent with PepsiCo's previously announced increase in its annualized dividend to $5.69 per share from $5.42 per share, which is expected to begin with the June 2025 payment. This dividend is payable on June 30, 2025 to shareholders of record at the close of business on June 6, 2025. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2025 marked the company's 53rd consecutive annual dividend increase.

      5/6/25 4:20:00 PM ET
      $PEP
      Beverages (Production/Distribution)
      Consumer Staples
    • Engaged Capital Nominates Two Highly Qualified, Independent Candidates for Election to Portillo's Board of Directors

      Nominates Charlie Morrison, Who Delivered Total Shareholder Returns of ~760% During His Tenure as CEO of Wingstop, and Nicole Portwood, an Experienced Marketing Executive and Former CMO of Tito's Handmade Vodka, to Company's Board Nominees Possess Necessary Restaurant Operations and Marketing Experience to Drive Greater Urgency on Enhancing Company Performance Engaged Capital, LLC (together with certain of its affiliates, "Engaged" or "we"), which beneficially owns approximately 8.6% of the outstanding Class A common stock of Portillo's Inc. (NASDAQ:PTLO) ("Portillo's" or the "Company"), today announced that it has nominated two highly qualified, independent candidates for election to t

      3/3/25 9:00:00 AM ET
      $LYV
      $PEP
      $PTLO
      $RAVE
      Services-Misc. Amusement & Recreation
      Consumer Discretionary
      Beverages (Production/Distribution)
      Consumer Staples
    • PepsiCo Declares Quarterly Dividend

      PURCHASE, N.Y., Feb. 5, 2025 /PRNewswire/ -- The Board of Directors of PepsiCo, Inc. (NASDAQ:PEP) today declared a quarterly dividend of $1.355 per share of PepsiCo common stock, a 7 percent increase versus the comparable year-earlier period. Today's action is consistent with PepsiCo's prior year, previously announced increase in its annualized dividend to $5.42 per share from $5.06 per share, which began with the June 2024 payment. This dividend is payable on March 31, 2025 to shareholders of record at the close of business on March 7, 2025. In addition, on February 4, 2025,

      2/5/25 4:41:00 PM ET
      $PEP
      Beverages (Production/Distribution)
      Consumer Staples

    $PEP
    Leadership Updates

    Live Leadership Updates

    See more
    • PEPSICO COMPLETES ACQUISITION OF SIETE FOODS

      Deal Will Expand PepsiCo's Food Portfolio to Include More Options for Consumers Looking for Positive Choices and Simple Ingredients PURCHASE, N.Y. and AUSTIN, Texas, Jan. 17, 2025 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ:PEP) ("PepsiCo") today announced that it has closed the acquisition of Garza Food Ventures LLC, dba Siete Foods ("Siete"), for $1.2 billion.  Over the past two decades, PepsiCo has transformed its portfolio to include great-tasting convenient foods and drinks that are nutritious, enjoyable, and fit consumers' lifestyles. The company continues to expand positive c

      1/17/25 9:20:00 AM ET
      $PEP
      Beverages (Production/Distribution)
      Consumer Staples
    • PepsiCo Appoints Christine Tammara Senior Vice President and Controller

      Tammara To Succeed Controller Marie Gallagher Who Will Retire in May 2025 PURCHASE, N.Y., Dec. 11, 2024 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP)  today announced that Christine Tammara has been appointed Senior Vice President and Controller effective May 3, 2025, succeeding Senior Vice President and Controller Marie Gallagher, who previously announced her intention to retire. Tammara will report to PepsiCo Chief Financial Officer Jamie Caulfield. Tammara joined PepsiCo in 2007 and has served as Senior Vice President, Controller, PepsiCo Beverages North America since June 2

      12/11/24 4:20:00 PM ET
      $PEP
      Beverages (Production/Distribution)
      Consumer Staples
    • Hari Avula Appointed to Board of Guayakí Yerba Mate

      Assumes Role of Audit Committee Chair Guayakí Yerba Mate, the category leader in yerba mate, is pleased to announce the appointment of industry veteran Hari Avula to its Board of Directors. Avula joins the Board to lead its Audit Committee and brings extensive experience from having served in influential, leadership roles within global consumer, retail and healthcare services businesses. He was chief financial and strategic officer of Clif Bar & Company until it was acquired by Mondelēz International, Inc. Previously, he served in senior finance and transformation roles at Walgreens Boots Alliance Inc., and before this spent over 22 years with PepsiCo, Inc. (NASDAQ:PEP) in various financi

      9/18/24 1:38:00 PM ET
      $PEP
      $SFM
      Beverages (Production/Distribution)
      Consumer Staples
      Food Chains