The Frito-Lay division of PepsiCo, Inc. ( PEP ) recently
introduced a new flavor of potato chips named Lay's Wavy Garlic
& Sea Salt potato chips under its popular brand Lay's Wavy. In
addition, Lay's Wavy has also introduced a new packaging for the
entire product line.
The introduction of Lay's Wavy Garlic & Sea Salt potato chips
comes at a crucial time, with National Garlic Day just around the
corner on April 19. Garlic has been an all time favorite ingredient
and the new chips incorporate the flavor of dried garlic with a
pinch of sea salt. With changing consumer preferences, there is a
huge demand for new snacking products that tickle the taste
Product innovation plays a huge role in the company's success.
PepsiCo regularly creates new flavors of existing products as well
as maintains a robust pipeline of new products.
PepsiCo was in news recently for rumors of its possible merger
with food giant, Mondelez International ( MDLZ ). The Telegraph
of London reported last month that activist investor Nelson Peltz
is fast building stakes in PepsiCo and Mondelez, possibly in
pursuit of a large $170 billion merger of the consumer
The news daily conjectured that Peltz may push PepsiCo to either
take over Mondelez or split it up into two separate companies.
PepsiCo has, however, denied rumors and issued a statement stating
that it is not interested in large acquisitions.
Mondelez emerged from the split of Kraft Foods, Inc last year into
two separate companies, Mondelez and Kraft Foods
Group ( KRFT ).
PepsiCo carries a Zacks Rank #3 (Hold).ENERGIZER HLDGS (ENR): Free Stock Analysis
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ReportPEPSICO INC (PEP): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment
Another company in the consumer staple sector, which is better
positioned at current levels is Energizer Holdings
Inc. ( ENR
) carrying a Zacks Rank #2 (Buy).