PepsiCo’s deal for Poppi is seen as on-brand with its aggressive M&A strategy

PepsiCo (NASDAQ:PEP) gained 1.8% in morning trading on Monday after the food and beverage giant pulled off another opportunistic M&A play with the $1.95 billion acquisition of the Poppi prebiotic soda brand.

BNP Paribas analyst Kevin Grundy highlighted recently that