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Trends and Insights

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17 Nov 2023

PepsiCo Poised to Surpass Coca-Cola's Market Value

Analysts, including Kaumil Gajrawala from Jefferies, predict that PepsiCo will soon overtake Coca-Cola as the largest US beverage company by market value. A projected rise of more than 20% in the shares is expected over the next year, leading to an estimated market value of about $279 billion. PepsiCo's ongoing $60 billion investment over the past five years has fueled this potential development. [Source](