Pepsi expected to acquire probiotic beverage company Poppi for $1.5 billion, but retail sentiment is bearish.
From StockTwits: 2025-03-17 03:32:17
PepsiCo is expected to announce a deal to buy probiotic beverages maker Poppi for about $1.5 billion this week, according to a Bloomberg report. Poppi’s low-sugar sodas are sold in stores like Whole Foods Market and Target. Despite the news, retail sentiment was bearish on Stocktwits, with low message volume. PepsiCo previously pursued another functional soda brand but abandoned the effort, while Jefferies downgraded the company to ‘Hold’ with a price target of $170. PepsiCo and other consumer companies are seeking tariff exemptions. Pepsi’s Q4 EPS beat estimates at $1.96, but revenue missed at $27.8 billion. Pepsi shares are down 2.3% year-to-date.
Read more at StockTwits: Pepsi Stock In Spotlight On Potential Acquisition Of Probiotic Beverage Poppi: Retail Sentiment Lags