The name might mislead you in believing that PepsiCo is a company that sells Pepsi and some other aerated drinks.
But PepsiCo in its present form has a global portfolio of brands.PepsiCo has origins somewhat similar to Coca-Cola where the Pepsi formula changed hands and Charles Guth in 1931 finally formed Pepsi Cola company. It expanded through acquisitions of beverage like Mountain Dew pre- 60s and finally 1966 by merger of Pepsi and Fritolay PepsiCo in its present form was created. PepsiCo aims to be largest food and Beverages Company.
Also the aerated drinks business which has made its name famous accounts for less than 50 % of its total revenues. It is largest food and Beverages Company in United States and ranked 2nd after Nestle in the world. Its major growth is attributed to series of acquisition of brands like Geotorade, Tropicana and Quarter Oats.
Its CEO is Indira Nooyi is of Indian origins and has been successfully leading the company since 2006. Its acquisition spree in food business has given itself access to markets like Russia through companies like William-Bann Foods. Also to compete with Coco-cola it has acquired the two largest bottling companies in North America and established themselves as subsidaries of PepsiCo. This diversification has helped PepsiCo survived downturns and given PepSiCo resources to expand more rapidly. In 2014 it recorded $66.415 billion revenue and close to $6.8 billion of profits closing in with diversified company like Unilever even though its portfolio is limited to food and beverages segment. It is present in over 200 countries. PepsiCo also had a significant stake in famous brands like Taco Bell, Pizza Hut, KFC etc but in 1997 it divested its stake with the main purpose of focusing on snacks and beverages businesses.