Just one day after Coca Cola posted upbeat fourth quarter numbers, rival PepsiCo delivers better-than-expected results. The company reported a quarterly profit of $0.87 a share, helped largely by higher sales of its Frito Lay snacks. TheStreet’s Jim Cramer says PepsiCo is the best consumer packaged goods company in the world right now. He says CEO Indra Nooyi and her team demonstrated the need to be able to be integrated between snacks and soft drinks. Nelson Peltz’s Trian Fund Management had been pushing for the company to split its soft drink and snack units into two separate companies. Sales of PepsiCo’s snack business rose 3 percent in North America during the period. The division sells popular snacks such as Doritos, Tostitos and Cheetos.
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