With Kraft providing extra color about its much-anticipated split into two companies, investors are wondering which of the two they should buy. Without having any more guidance than whispers and vague expectations for both, Austin says neither. The domestic grocery arm will be operating in an increasingly difficult environment, and the international division will probably have a hard time competing with well-capitalized and massive rivals such as PepsiCo and Nestle. For more, see the following video.

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Austin Smith and The Motley Fool own shares of PepsiCo. Motley Fool newsletter services recommend PepsiCo. 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.