PepsiCo shares dip; soda giant in talks to buy Poppi for $1.5 bln, Bloomberg reports

PepsiCo PEP.O stock down 0.2% as co in advanced talks to acquire healthier soda brand Poppi for more than $1.5 bln, per Bloomberg

Deal could be announced as soon as next week, though delays possible; Poppi founded by Allison and Stephen Ellsworth in Austin, Texas, per report

PepsiCo and Poppi did not immediately respond to Reuters requests for comment

PEP stock down about 3% YTD, outperforming Nasdaq .IXIC which fell 8% in same period

Stock recently at 18x expected earnings, below 5-year avg forward PE of 23, per LSEG data

PEP stock approx 19% below 52-week high intraday of $183.41 reached on May 16, 2024