Shares of PepsiCo rose more than 7 percent yesterday (July 17) after the company reported $22.8 billion in revenue and a $1.3 billion profit for the second quarter, both beating analyst expectations. On paper, net income dropped 59 percent from last year due to an asset write-down related to its Rockstar and Be & Cheery brands.

PepsiCo is a Dividend King by virtue of its 53 consecutive years of payout hikes. The current dividend, which now pays $5.69 per share annually, returns a dividend yield of 3.8% after the post-earnings surge in the stock.

PepsiCo has unveiled Pepsi Prebiotic Cola, the company's first gut-friendly cola formula and most significant soda innovation in over two decades, as consumer demand shifts towards healthier beverages.

The food giant said its Frito-Lay snack division planned to make a line of Cheetos and Doritos with no artificial colors or flavors, as demand falters.

PepsiCo reported higher-than-expected quarterly revenue and profit as the company benefited from demand for its healthier drinks and snacks and kept a tight leash on costs.

As part of PepsiCo, the healthy snacks brand can be rolled out into more locations with an enhanced marketing push. This is Pepsi buying something it probably would have had trouble creating.

Soda giants Coca-Cola and Pepsi both announced new beverages this week. Here's what they are and when customers can get them.

Coca-Cola (NYSE: KO) and PepsiCo (NASDAQ: PEP) made their names peddling sugary drinks. Traditional soda sales, however, have been falling, forcing. PepsiCo Continues Its Push Into Healthy Snacks ...