The Federal Trade Commission sued PepsiCo on Friday, alleging that it has engaged in illegal price discrimination by giving unfair price advantages to one big-box retailer at the expense of other vendors and consumers.

Siete is officially part of PepsiCo Inc. The global food and beverage company announced plans to acquire Austin-grown Garza Food Ventures LLC, known as Siete, late last year — a $1.2 billion deal that was finalized Jan. 17. It’s unclear if Siete will move its headquarters or continue to be based in Austin.

PepsiCo is a great blue-chip company, with a solid recent dividend yield of 3.6% and 52 consecutive years of dividend increases. A business has to be run

Company’s conduct has forced competing retailers, including convenience stores, to pay higher prices, agency says

Two big recent announcements highlight the potential for the future at this giant consumer staples company and show why Dividend King PepsiCo has been such a strong competitor for so long. What news did PepsiCo serve up?

Barclays analyst Lauren Lieberman lowered the firm’s price target on PepsiCo (PEP) to $158 from $183 and keeps an Overweight rating on the

PepsiCo, Inc. (NASDAQ: PEP) ("PepsiCo") today announced that it has closed the acquisition of Garza Food Ventures LLC, dba Siete Foods ("Siete"), for $1.2 billion.

The Federal Trade Commission sued PepsiCo (PEP) alleging that the second-largest food company in the world has engaged in illegal price

The FTC is suing PepsiCo for allegedly rigging the market by offering “unfair pricing advantages” that can contribute to inflation.

The commission alleges that the retailer, whose name was redacted in the statement from commissioners, received “unfair pricing advantages” that were not made available to others.

The Federal Trade Commission is suing Pepsi, alleging it has rigged competition by offering unfair pricing deals to a big retailer at the expense of smaller rivals, resulting in higher costs for shoppers.