PepsiCo beat estimates, announcing a 4% increase in prices while increasing volume. Drink volume increased 1%, but snack volume gained 6%. Consumer-goods analyst Austin Smith thinks Pepsi's snack portfolio has certain advantages over rival Coca-Cola's snacks, which is why he bought Pepsi in addition to Coke. Look for Pepsi to continue growing in international markets.
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Austin Smith owns shares of Coca-Cola and PepsiCo. Eric Bleeker has no positions in the stocks mentioned above. The Motley Fool owns shares of Coca-Cola and PepsiCo. Motley Fool newsletter services recommend PepsiCo and Coca-Cola. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.