Shares of PepsiCo, Inc. (NYSE:PEP) ended Tuesday session in red amid volatile trading. The shares closed down -1.15 points or -1.06% at $107.10 with 5.83 million shares getting traded. Post opening the session at $108.31, the shares hit an intraday low of $106.58 and an intraday high of $108.37 and the price vacillated in this range throughout the day. The company has a market cap of $152.87 billion and the numbers of outstanding shares have been calculated to be 1.43 billion shares.
PepsiCo, Inc. (PEP) operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lays and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos cheese-flavored snacks, branded dips, and Fritos corn chips. The companys Quaker Foods North America segment provides Quaker oatmeal, grits, rice cakes, natural granola, and oat squares; and Aunt Jemima mixes and syrups, Quaker Chewy granola bars, Capn Crunch cereal, Life cereal, and Rice-A-Roni side dishes. Its North America Beverages segment offers beverage concentrates, fountain syrups, and finished goods under the Pepsi, Gatorade, Mountain Dew, Diet Pepsi, Aquafina, Diet Mountain Dew, Tropicana Pure Premium, Sierra Mist, and Mug brands; and ready-to-drink tea and coffee, and juices.
Shares of ConAgra Foods Inc (NYSE:CAG) ended Tuesday session in red amid volatile trading. The shares closed down -0.04 points or -0.08% at $47.49 with 4.00 million shares getting traded. Post opening the session at $47.53, the shares hit an intraday low of $47.34 and an intraday high of $47.89 and the price vacillated in this range throughout the day. The company has a market cap of $21.05 billion and the numbers of outstanding shares have been calculated to be 438.06 million shares.
ConAgra Foods Inc (CAG) announced that it has acquired the packaged foods businesses of Frontera Foods, Inc. and Red Fork LLC, including the Frontera, Red Fork and Salpica brands. These businesses make authentic, gourmet Mexican food and contemporary American cooking sauces. Terms of the transaction were not disclosed.
Frontera’s premium salsa, sauces, snacks and meals feature the distinct flavors of Mexico. Red Fork is known for its premium American cooking sauces and Salpica is a unique Tex-Mex salsa line.
“We are excited to add the Frontera, Red Fork and Salpica brands to our portfolio. In particular, the Frontera brand is a preeminent gourmet Mexican food brand in North America. We believe it provides a tremendous platform off which we can build,” said Sean Connolly, president and chief executive officer of ConAgra Foods.