PEP - PepsiCo Inc.

Same reasoning as Coca-Cola — overvalued safe-haven staple, price appreciation is valuation-driven not fundamentals-driven

Rohan discusses Pepsi's acquisition of Poppi for $2B+ and their strategy of buying future brands. He notes Pepsi Zero is crushing it and that Poppi fits into their soda lineup. This is factual commentary, not an investment recommendation.

Used as an example of a dividend aristocrat with a 3.7-3.8% yield to compare against Apple's low yield. Illustrates that $1.3M invested would generate $50K/year in dividends.

Host notes Pepsi is doing fairly well relative to peers, but does not give a strong recommendation. Neutral-to-positive.

No strong opinion; business has proven resilient and recently had a strong earnings recovery.

PepsiCo cut prices on snack brands like Doritos by up to 15% to boost declining sales, which the hosts attribute to crisis-led deflation and reduced SNAP funding for junk food. This signals revenue pressure and a challenging environment for the company.