PEPSICO INC. $81
(New York symbol PEP; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 1.5 billion; Market cap: $121.5 billion; Price-to-sales ratio: 1.9; Dividend yield: 2.8%; TSINetwork Rating: Above Average; www.pepsico.com) has won a contract to supply soft drinks to 975 Buffalo Wild Wings restaurants in the U.S. and Canada.
The two companies will also take advantage of PepsiCo’s alliances with the National Football League and Major League Baseball to develop sports-related marketing campaigns.
In addition, Buffalo Wild Wings will develop new menu items that use PepsiCo’s snack foods, including Frito-Lay and Doritos chips. PepsiCo didn’t say how much the deal is worth or how long it will last.
PepsiCo is a hold.