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.