Beyond Meat Partners With PepsiCo for Plant-Based Products
Beyond Meat (NASDAQ: BYND) and PepsiCo (NASDAQ: PEP) announced an alliance this week, sending both stocks upward in Tuesday trading. Until now, Beyond Meat has mostly forged partnerships with restaurant chains, where its Beyond Burgers and other plant-based meat substitutes add vegetarian choices alongside burgers and chicken.
PepsiCo's general focus on beverages suggests Beyond Meat may be taking its plant-based research in a new direction, though PepsiCo owns several snack brands. One of these, Matador beef jerky, could theoretically introduce a plant-based jerky, and other meat products lurk here and there in the product lineups of its other brands, such as Frito-Lay and Tostitos.
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Source Fool.com
