PepsiCo (PEP) Beats Expectations For Q2 2021
PepsiCo Inc. (NASDAQ:
PEP) was officially founded in 1920, but its actual history began in 1893 when pharmacist Caleb Bradham developed a drink he called Brad’s Drink, which was later renamed Pepsi. The name Pepsi was motivated by the pepsin enzyme, which according to Bradham helped with the digestion process. Pepsi grew in popularity over the years and became a top soft drink brand in the world. In addition, the company added several other beverage and snack brands to diversify its portfolio. Today, it is a leading multinational food and beverage company with a market value hovering around $214 billion.