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Stock impact report

More Americans are guzzling fizzy water [MarketWatch]

PepsiCo, Inc. (PEP) 
Last pepsico, inc. earnings: 4/28 06:03 am Check Earnings Report
US:NYSE Investor Relations: pepsico.com/investors
Company Research Source: MarketWatch
More Americans are guzzling fizzy water America’s love of sparkling water is bubbling to new heights. On Monday, PepsiCo Inc. PEP, -0.10% said it would pay $3.2 billion for SodaStream, a company that makes kitchen devices that carbonate water. The announcement follows Pepsi’s introduction of its ‘Bubly’ sparkling water brand in February 2018. Last year, Coca-Cola KO, +0.28% announced the acquisition of Mexico seltzer manufacturer Topo Chico. “The flavored, zero-calorie and unsweetened concentrates that now form the centerpiece of Sodastream’s offering fit in with consumer weariness of not only sugar content, but also artificial sweeteners,” Alexander Esposito, industry analyst at Euromonitor International, said. Soda companies are now focusing on “healthier, more sustainable beverages,” Esposito added. U.S. consumers guzzled 273.62 million gallons of sparkling bottled water in 2017, up from 90.83 million in 2012, according to data from industry research firm Beverage Marketing Show less Read more
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