(RTTNews) - KFC Corp., affiliated to quick-service restaurant major Yum! Brands, Inc. (YUM), announced that KFC U.S. has entered into a new beverage partnership with Snack and beverage major Coca-Cola Co. (KO), replacing long term partner PepsiCo, Inc. (PEP).

Yum! Brands' KFC U.S. Signs Deal With Coca-Cola As Beverage Partner, Replacing PepsiCo 

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Key PointsMonster Beverage delivers high revenue growth and robust net margins by focusing on the energy drink category.

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Key PointsPepsiCo's roughly 4.7% yield and 54-year streak of dividend increases make it a compelling dividend stock.

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PepsiCo, Inc. engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through six segments: PepsiCo Foods North America; PepsiCo Beverages North America; International Beverages Franchise; Europe, Middle East and Africa; Latin America Foods; and Asia Pacific Foods. It offers cereals, chips, dips, granola bars, oatmeal, pasta, rice, and syrups and mixes; refrigerated dips and spreads; beverage concentrates, fountain syrups, and finished goods; and ready-to-drink tea and coffee products. The company also provides SodaStream sparkling water makers and related products, as well as various dairy products under the Agusha, Chudo, and Domik v Derevne brands. It serves wholesale and other distributors, foodservice customers, grocery stores, drug stores, convenience stores, discount/dollar stores, mass merchandisers, membership stores, hard discounters, e-commerce retailers and authorized independent bottlers, and others through a network of direct-store-delivery, customer warehouse, and distributor networks, as well as directly to consumers through e-commerce platforms and retailers. PepsiCo, Inc. was founded in 1898 and is based in Purchase, New York.

PepsiCo, Inc. News