Pepsi denies SodaStream deal

Investor's Business Daily

The snack and beverage giant denied an Israeli media report that it's in talks to buy the Israeli in-home carbonated beverage maker for $2 bil. While PepsiCo (PEP) denies any plans for large acquisitions, soda makers have been looking to expand their reach as U.S. soda consumption steadily declines. SodaStream (SODA) systems can make carbonated lemonade, juice and even Kool-Aid as well as soda. Shares of SodaStream, which has an IBD Composite Rating of 98, an EPS rating of 96 and a Relative Strength Rating of 97, rose 2.7% to 71.24. Pepsi shares rose 0.6% to 81.66.

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