PepsiCo (NYSE:PEP) (2.9%) (PEP – $111.43 – NYSE) is a leading food and beverage company with a global footprint in over 200 countries. The company’s portfolio includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. As consumer demand continues to shift towards nutritious products, PepsiCo is responding by improving the nutritional profile of many of its products by reducing sodium, added sugars and saturated fat.
From GAMCO Growth Fund third quarter 2017 commentary.
