date:Apr 18, 2014
013, while Coca Cola said an increase.
PepsiCo's soda problems have led activist investor Nelson Peltz's Trian Fund Management, which owns nearly 1 percent of PepsiCo's stock, to urge the company to split its booming snacks division from its sluggish beverage business to create two leaner and more entrepreneurial companies.
Stifel Nicolaus analyst Mark Swartzberg said the results could give PepsiCo some breathing room in its friction with Peltz.
We think this aids management's defense of its