PepsiCo is on course to take over as the biggest US beverage company by market value, supplanting rival Coca-Cola, which has held the spot largely uninterrupted for the better part of two decades.
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00:00 PepsiCo is on track to take over Coca-Cola as the highest valued beverage company in
00:04 the U.S. for the first time in 17 years.
00:06 One Wall Street analyst projects that shares will rise more than 20% over the next year
00:10 to $203 for a market share of about $279 billion.
00:15 That would top his projection for Coca-Cola's $277 billion market capitalization.
00:20 PepsiCo's value hasn't passed Coca-Cola since 2006.
00:23 And while Coca-Cola is exclusively a beverage company, PepsiCo's food business like Lay's
00:28 potato chips, Doritos, and Quaker oatmeal are a key differentiator for the brand.