What brands does Pepsi own?

Pepsi owns dozens of brands, including both well-known and lesser-known international brands. Among its soda brands, in addition to its namesake brands, are Mountain Dew, Mug Root Beer, Starry (which replaced Sierra Mist), and Stubborn Soda. Other beverage brands include Gatorade and Aquafina. It also produces ready-to-drink bottled beverages licensed from Starbucks and Lipton and owns Rockstar Energy. Under the snacks category, Pepsi is best known for Frito-Lay, which includes snack brands like Fritos, Lay's, Doritos, and Cheetos. The company owns Quaker Foods, which it acquired in the same deal that brought it Gatorade.

What does Pepsi own vs. Coke?

Pepsi and Coca-Cola compete head-to-head in many of the same beverage categories. Cola is the most obvious one, but both companies have iced tea brands, sports drink brands, bottled water, and energy drinks. Pepsi owns Pure Leaf and Brisk and licenses Lipton for ready-to-drink iced teas. It owns Aquafina in bottled water, Gatorade in sports drinks, and Rockstar in energy drinks. Although each company has beverages that are unique categories, there is significant overlap in the beverage category portfolio between the two companies.

Is Pepsi now owned by Coca-Cola?

Pepsi is not owned by Coca-Cola. The two companies have competed for more than 100 years and are the world's biggest beverage companies. They effectively have a duopoly in the beverages sector, though they do compete with smaller companies like Keurig Dr Pepper (NASDAQ:KDP).

Is Starbucks owned by PepsiCo?

Starbucks (NASDAQ:SBUX) is not owned by PepsiCo. However, the two beverage giants have a strategic partnership that began in the 1990s, with Pepsi producing Starbucks' ready-to-drink bottled beverages that are available in stores. While the partnership has been successful for both companies, it is unlikely to advance past its current stage to a full-on acquisition, given the size of both companies and the chance of attracting regulatory scrutiny.

What Companies Does PepsiCo Own?

What Does Pepsi Own?

By Jeremy Bowman – Updated Dec 30, 2025 at 3:19 PM EST | Fact-checked by Parker Hicks

Key Points

PepsiCo, beyond sodas, owns a variety of major food brands and maintains diverse product lines.
Strategic acquisitions like Frito-Lay and Quaker have significantly shaped PepsiCo's market presence.
Pepsi continues to diversify through new acquisitions such as Siete Foods and Poppi, following food trends.

PepsiCo (PEP +0.01%) is one of the biggest consumer products companies in the world, but Pepsi's assets go well beyond its namesake soda brand.

It's diversified across the supermarket aisles with a portfolio that spans both food and beverage brands, making Pepsi a solid investment option. Unlike rival Coca-Cola (KO +0.55%), which only owns beverages, Pepsi owns some healthy brands in addition to sodas and snacks.

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A graphic showing logos of the companies that Pepsi has complete or partial ownership over and the percentage that it owns. — Image source: The Motley Fool.

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Like its peers in the beverage industry, the company has grown from humble origins more than 100 years ago by launching new brands, expanding its distribution worldwide, and through a large number of acquisitions that have given it ownership of dozens of global and local brands. It also has valuable licensing arrangements with brands like Starbucks (SBUX -0.20%) and Lipton.

Although the business is placed in the consumer staples category, many of its products are discretionary purchases.

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3. Mug Root Beer (1986): 100% ownership

Pepsi's current root beer brand is Mug, which it acquired in 1986 when it bought the New Century Beverage Company, replacing its existing root beer brand, OnTap Draft. According to PepsiCo, root beer is the second-largest carbonated drink flavor in the U.S. after cola.

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4. Tropicana (1998): 39% ownership

In 1998, PepsiCo made its biggest acquisition at the time, taking over the Tropicana juice business from the Seagram Company for $3.3 billion.

The move heightened Pepsi's competition with Coca-Cola, which acquired Minute Maid in 1960 and still owns it.

At the time, Tropicana was the leader in "not from concentrate" juice.

In 2022, Pepsi sold its majority stake in Tropicana and other juices in its portfolio for $3.3 billion, but Pepsi will retain a 39% stake in a newly formed joint venture with private equity firm PAI Partners.

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5. Quaker (2001): 100% ownership

In 2001, Pepsi made a significantly larger acquisition than the Tropicana deal, shelling out $13 billion to acquire the Quaker Oats Company.

The Quaker deal brought Pepsi Quaker-branded products like oats and granola bars, but it also gave it a Gatorade, the leading sports drink brand, which was believed to be its primary reason for making the deal. Quaker also owns packaged foods brands like Rice-a-Roni, Pearl Milling Company (formerly known as Aunt Jemima), and Cap'n Crunch.

For Pepsi, the move was a response to a shift in consumer tastes away from sodas that made the company believe it needed to diversify its portfolio.

Quaker Foods North America, which does not include Gatorade, makes up between 3% of the company's total revenue, with $2.8 billion in revenue in 2025.

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7. SodaStream (2018): 100% ownership

In 2018, PepsiCo made a somewhat surprising move, acquiring SodaStream for $3.2 billion. SodaStream is best known for its countertop DIY soda machines and extended Pepsi's exposure into healthier drinks since SodaStream is often used for seltzer water.

The deal represents Pepsi's interest in going further into the water and sparkling water industries, and it launched the Bubly brand around the same time.

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8. Muscle Milk (2019): 100% ownership

Pepsi acquired the CytoSport sports nutrition business, the parent of Muscle Milk, from Hormel (HRL +3.24%) in 2019. Terms of the deal were not disclosed. Hormel had acquired CytoSport in 2014 for $450 million to gain the Muscle Milk brand, which is known for ready-to-drink beverages, protein powders, sports bars, and energy chews.

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9. Pipers Crisps (2019): 100% ownership

To complement its snack portfolio anchored by Frito-Lay, PepsiCo acquired Pipers Crisps in 2019. Pepsi paid approximately $30 million for the U.K. brand known for its premium chips in the deal.

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10. Pioneer Foods (2020): 100% ownership

Pepsi's $1.7 billion purchase of Pioneer Foods might not have gotten much attention in the U.S. because Pioneer is a South African company.

Pioneer Foods is one of South Africa's largest food producers and distributors, known for snack foods and other packaged foods, and exports to 80 countries.

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12. Celsius (2022): 11% ownership

PepsiCo followed up the Rockstar Energy by forging a strategic partnership with Celsius Holdings, known for its sugar-free energy drinks. As part of that agreement, Pepsi invested $550 million for an 8.5% ownership stake in Celsius. As of 2025, Pepsi increased its investment to 11% of the company.

While Celsius was growing rapidly at the time, the partnership hit a roadblock in 2024 after Pepsi overstocked its inventory of Celsius, leading to revenue growth plunging for the energy drink company.

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13. Siete Foods (2025): 100% ownership

Pepsi acquired Siete Foods for $1.2 billion in a deal that closed in Jan 2025.

Siete Foods makes a wide range of grain-free snacks, including tortilla chips and tortillas made with a wide range of flours such as almond and cassava. It also makes salsa, enchilada sauce, and other condiments.

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14. Poppi (2025): 100% ownership

Pepsi followed up the Siete acquisition with a deal to purchase Poppi, a maker of prebiotic soda, for $1.65 billion, including $300 million in cash tax benefits.

The combination of those two moves shows Pepsi is eager to stay on top of emerging food trends.

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Companies Pepsi owns: FAQ

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About the Author

Jeremy Bowman has been a contributing Motley Fool stock market analyst, covering technology, consumer goods, and macroeconomic trends since 2011. Before The Motley Fool, Jeremy was a newspaper reporter, restaurant manager, and English teacher abroad. He holds a bachelor’s degree in English from Colorado College and a master’s degree in business administration from American University. One of his Motley Fool headlines was briefly featured on Late Night with Stephen Colbert.

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Jeremy Bowman has positions in Starbucks. The Motley Fool has positions in and recommends Hershey, Monster Beverage, and Starbucks. The Motley Fool has a disclosure policy.

What Does Pepsi Own?