PepsiCo was formed through the merger of Pepsi-Cola and Frito-Lay in 1965. The company owns and manages a wide range of popular products and brands, including Pepsi, Lay’s, Gatorade, and Quaker.

Piper Sandler analyst Michael Lavery maintained a Buy rating on PepsiCo (PEP – Research Report) today and set a price target of $171.00. The ...