The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith and editor and analyst Isaac Pino discuss topics across the investing world.
PepsiCo looks like it's going big game hunting and they've set their sights on management heavy Brian Cornell. Cornell has held positions with PepsiCo, Wal-Mart, and Safeway. Austin believes this is a move by PepsiCo CEO Indra Nooyi to regain lost market share from Coca-Cola. Coke's stock price has outpaced Pepsi's in recent years, as the soda titan continues to build market share. Austin likes Cornell's background, but hopes that it is leveraged effectively in his new position.
Austin Smith has no positions in the stocks mentioned above. Isaac Pino has no positions in the stocks mentioned above. The Motley Fool owns shares of PepsiCo. Motley Fool newsletter services recommend PepsiCo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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