AI-assembled from public SEC filings
Food and beverage staples peer review
Descriptive comparison assembled from public SEC filings and verified companyfacts.
Descriptive comparison — not investment advice. This feature-specific review is assembled from a frozen evidence pack of public SEC filing quotes and verified SEC companyfacts numbers. It is descriptive only and makes no judgment about which company is better. It is not a rating, recommendation, endorsement, forecast, or investment advice. Figures are as of their cited filing dates. See Disclaimer.
Methodology
Mechanical packaged food and beverage staples cluster: large beverage-led and packaged-food companies in the existing grepcent universe with SEC SIC 2080 Beverages or food SICs in the 2000s, taken at large-cap scale by latest reported revenue. This cluster is a large-cap subset and is not exhaustive of those SIC ranges; other qualifying companies exist in the universe and are not claimed to be covered here.
The cluster is selected mechanically from public SEC SIC 2080 and 2000s food-manufacturing companies already present in grepcent's processed universe, spanning beverage-led KO/PEP and packaged-food peers. Missing requested tickers are not fabricated. The review publishes no proprietary index-membership labels.
Provenance
Verified Quantitative Matrix
Numbers are templated from frozen SEC companyfacts-derived facts already verified by grepcent. Fiscal periods and filing dates are shown in each cell; comparability markers use day-level period ends and reported XBRL source concepts.
| Metric | KO | PEP | MDLZ | GIS | KHC | HSY | CAG | CPB |
|---|---|---|---|---|---|---|---|---|
| Revenue Mixed reporting concepts: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax, us-gaap:Revenues. Ticker concepts: CAG -> us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; CPB -> us-gaap:Revenues; GIS -> us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; HSY -> us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; KHC -> us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax; KO -> us-gaap:Revenues; MDLZ -> us-gaap:Revenues; PEP -> us-gaap:Revenues. | 47,941,000,000 source | 93,925,000,000 source | 38,537,000,000 source | 18,424,600,000 source Day-level period offset: about 5 months after row reference (+151d) vs row reference 2025-12-31; offset. | 24,942,000,000 source | 11,692,576,000 source | 11,281,600,000 source Day-level period offset: about 5 months after row reference (+151d) vs row reference 2025-12-31; offset. | 10,253,000,000 source Day-level period offset: about 5 months before row reference (-150d) vs row reference 2025-12-31; offset. |
| Gross margin Mixed reporting concepts: us-gaap:CostOfGoodsAndServicesSold, us-gaap:GrossProfit, us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax, us-gaap:Revenues. Ticker concepts: CAG -> us-gaap:GrossProfit + us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; CPB -> us-gaap:CostOfGoodsAndServicesSold + us-gaap:Revenues; GIS -> us-gaap:CostOfGoodsAndServicesSold + us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; HSY -> us-gaap:GrossProfit + us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; KHC -> us-gaap:GrossProfit + us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax; KO -> us-gaap:GrossProfit + us-gaap:Revenues; MDLZ -> us-gaap:GrossProfit + us-gaap:Revenues; PEP -> us-gaap:GrossProfit + us-gaap:Revenues. | 61.63% source | 54.15% source | 28.38% source | 33.63% source Day-level period offset: about 5 months after row reference (+151d) vs row reference 2025-12-31; offset. | 33.31% source | 33.55% source | 23.92% source Day-level period offset: about 5 months after row reference (+151d) vs row reference 2025-12-31; offset. | 30.42% source Day-level period offset: about 5 months before row reference (-150d) vs row reference 2025-12-31; offset. |
| Operating margin Mixed reporting concepts: us-gaap:OperatingIncomeLoss, us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax, us-gaap:Revenues. Ticker concepts: CAG -> us-gaap:OperatingIncomeLoss + us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; CPB -> us-gaap:OperatingIncomeLoss + us-gaap:Revenues; GIS -> us-gaap:OperatingIncomeLoss + us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; HSY -> us-gaap:OperatingIncomeLoss + us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; KHC -> us-gaap:OperatingIncomeLoss + us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax; KO -> us-gaap:OperatingIncomeLoss + us-gaap:Revenues; MDLZ -> us-gaap:OperatingIncomeLoss + us-gaap:Revenues; PEP -> us-gaap:OperatingIncomeLoss + us-gaap:Revenues. | 28.71% source | 12.24% source | 9.21% source | 4.81% source Day-level period offset: about 5 months after row reference (+151d) vs row reference 2025-12-31; offset. | -18.72% source | 12.33% source | -14.43% source Day-level period offset: about 5 months after row reference (+151d) vs row reference 2025-12-31; offset. | 10.96% source Day-level period offset: about 5 months before row reference (-150d) vs row reference 2025-12-31; offset. |
| Net margin Mixed reporting concepts: us-gaap:NetIncomeLoss, us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax, us-gaap:Revenues. Ticker concepts: CAG -> us-gaap:NetIncomeLoss + us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; CPB -> us-gaap:NetIncomeLoss + us-gaap:Revenues; GIS -> us-gaap:NetIncomeLoss + us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; HSY -> us-gaap:NetIncomeLoss + us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; KHC -> us-gaap:NetIncomeLoss + us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax; KO -> us-gaap:NetIncomeLoss + us-gaap:Revenues; MDLZ -> us-gaap:NetIncomeLoss + us-gaap:Revenues; PEP -> us-gaap:NetIncomeLoss + us-gaap:Revenues. | 27.34% source | 8.77% source | 6.36% source | -0.48% source Day-level period offset: about 5 months after row reference (+151d) vs row reference 2025-12-31; offset. | -23.44% source | 7.55% source | -16.99% source Day-level period offset: about 5 months after row reference (+151d) vs row reference 2025-12-31; offset. | 5.87% source Day-level period offset: about 5 months before row reference (-150d) vs row reference 2025-12-31; offset. |
| Capital expenditures Mixed reporting concepts: us-gaap:PaymentsToAcquireProductiveAssets, us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Ticker concepts: CAG -> us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; CPB -> us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; GIS -> us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; HSY -> us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; KHC -> us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; KO -> us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; MDLZ -> us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; PEP -> us-gaap:PaymentsToAcquireProductiveAssets. | 2,112,000,000 source | 4,415,000,000 source | 1,279,000,000 source | 539,900,000 source Day-level period offset: about 5 months after row reference (+151d) vs row reference 2025-12-31; offset. | 801,000,000 source | 454,622,000 source | 423,400,000 source Day-level period offset: about 5 months after row reference (+151d) vs row reference 2025-12-31; offset. | 426,000,000 source Day-level period offset: about 5 months before row reference (-150d) vs row reference 2025-12-31; offset. |
| Free cash flow Mixed reporting concepts: us-gaap:NetCashProvidedByUsedInOperatingActivities, us-gaap:PaymentsToAcquireProductiveAssets, us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Ticker concepts: CAG -> us-gaap:NetCashProvidedByUsedInOperatingActivities + us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; CPB -> us-gaap:NetCashProvidedByUsedInOperatingActivities + us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; GIS -> us-gaap:NetCashProvidedByUsedInOperatingActivities + us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; HSY -> us-gaap:NetCashProvidedByUsedInOperatingActivities + us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; KHC -> us-gaap:NetCashProvidedByUsedInOperatingActivities + us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; KO -> us-gaap:NetCashProvidedByUsedInOperatingActivities + us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; MDLZ -> us-gaap:NetCashProvidedByUsedInOperatingActivities + us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; PEP -> us-gaap:NetCashProvidedByUsedInOperatingActivities + us-gaap:PaymentsToAcquireProductiveAssets. | 5,296,000,000 source | 7,672,000,000 source | 3,235,000,000 source | 1,626,300,000 source Day-level period offset: about 5 months after row reference (+151d) vs row reference 2025-12-31; offset. | 3,661,000,000 source | 1,822,745,000 source | 978,700,000 source Day-level period offset: about 5 months after row reference (+151d) vs row reference 2025-12-31; offset. | 705,000,000 source Day-level period offset: about 5 months before row reference (-150d) vs row reference 2025-12-31; offset. |
| Dividends paid Mixed reporting concepts: us-gaap:PaymentsOfDividends, us-gaap:PaymentsOfDividendsCommonStock. Ticker concepts: CAG -> us-gaap:PaymentsOfDividends; CPB -> us-gaap:PaymentsOfDividendsCommonStock; GIS -> us-gaap:PaymentsOfDividendsCommonStock; HSY -> us-gaap:PaymentsOfDividendsCommonStock; KHC -> us-gaap:PaymentsOfDividends; KO -> us-gaap:PaymentsOfDividends; MDLZ -> us-gaap:PaymentsOfDividends; PEP -> us-gaap:PaymentsOfDividends. | 8,779,000,000 source | 7,638,000,000 source | 2,487,000,000 source | 1,315,300,000 source Day-level period offset: about 5 months after row reference (+151d) vs row reference 2025-12-31; offset. | 1,898,000,000 source | 1,085,296,000 source | 669,700,000 source Day-level period offset: about 5 months after row reference (+151d) vs row reference 2025-12-31; offset. | 459,000,000 source Day-level period offset: about 5 months before row reference (-150d) vs row reference 2025-12-31; offset. |
| Dividends / net income Mixed reporting concepts: us-gaap:NetIncomeLoss, us-gaap:PaymentsOfDividends, us-gaap:PaymentsOfDividendsCommonStock. Ticker concepts: CPB -> us-gaap:NetIncomeLoss + us-gaap:PaymentsOfDividendsCommonStock; HSY -> us-gaap:NetIncomeLoss + us-gaap:PaymentsOfDividendsCommonStock; KO -> us-gaap:NetIncomeLoss + us-gaap:PaymentsOfDividends; MDLZ -> us-gaap:NetIncomeLoss + us-gaap:PaymentsOfDividends; PEP -> us-gaap:NetIncomeLoss + us-gaap:PaymentsOfDividends. | 66.98% source | 92.69% source | 101.47% source | Not available. | Not available. | 122.87% source | Not available. | 76.25% source Day-level period offset: about 5 months before row reference (-150d) vs row reference 2025-12-31; offset. |
| Liabilities / equity leverage Mixed reporting concepts: us-gaap:Assets, us-gaap:Liabilities, us-gaap:StockholdersEquity, us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest. Ticker concepts: CAG -> us-gaap:Liabilities + us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest; CPB -> us-gaap:Liabilities + us-gaap:StockholdersEquity; GIS -> us-gaap:Liabilities + us-gaap:StockholdersEquity; HSY -> us-gaap:Liabilities + us-gaap:StockholdersEquity; KHC -> us-gaap:Liabilities + us-gaap:StockholdersEquity; KO -> us-gaap:Assets + us-gaap:StockholdersEquity; MDLZ -> us-gaap:Liabilities + us-gaap:StockholdersEquity; PEP -> us-gaap:Liabilities + us-gaap:StockholdersEquity. | 2.26 source | 4.26 source | 1.76 source | 3.07 source Day-level period offset: about 5 months after row reference (+151d) vs row reference 2025-12-31; offset. | 0.96 source | 1.96 source | 1.72 source Day-level period offset: about 5 months after row reference (+151d) vs row reference 2025-12-31; offset. | 2.82 source Day-level period offset: about 5 months before row reference (-150d) vs row reference 2025-12-31; offset. |
| Cash and equivalents | 10,270,000,000 source Day-level period offset: about 5 months before row reference (-151d) vs row reference 2026-05-31; offset. | 9,159,000,000 source Day-level period offset: about 5 months before row reference (-155d) vs row reference 2026-05-31; offset. | Not available. | 453,800,000 source | 2,615,000,000 source Day-level period offset: about 5 months before row reference (-155d) vs row reference 2026-05-31; offset. | Not available. | 218,000,000 source | 132,000,000 source Day-level period offset: different fiscal year (301 days before row reference) vs row reference 2026-05-31; offset. |
Code-computed comparisons
- grepcent-computed gross margin range: range endpoints are MDLZ (28.38%) and KO (61.63%).
- grepcent-computed dividend payout range: range endpoints are KO (66.98%) and HSY (122.87%).
Market-risk companion: risk and factor comparison from lmfin. It is descriptive and separate from the SEC fundamentals review.
Narrative Matrix
| Dimension | KO | PEP | MDLZ | KHC | HSY | CAG | CPB |
|---|---|---|---|---|---|---|---|
| Business model | In its latest annual MD&A, KO describes this business model item. We own or license and market numerous beverage brands, which we group into the following categories: Trademark Coca-Cola; sparkling flavors; water, sports, coffee and tea; juice, value-added dairy and plant-based beverages; and emerging beverages. company page · source filing · filed 2026-02-20 | — | — | — | — | In its latest annual MD&A, CAG describes this business model item. Conagra’s brands include Birds Eye®, Duncan Hines®, Healthy Choice®, Marie Callender’s®, Reddi-wip®, Slim Jim®, Angie’s® BOOMCHICKAPOP®, and many more. company page · source filing · filed 2026-07-15 | — |
| Stated strategy in filings | — | In its latest annual MD&A, PEP describes this stated strategy in filings item. PepsiCo is a leading global beverage and convenient food company with a complementary portfolio of brands, including Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker and SodaStream. company page · source filing · filed 2026-02-03 | — | — | — | — | — |
| Idiosyncratic risks in filings | — | In its latest annual MD&A, PEP describes this idiosyncratic risks in filings item. Our operations outside of the United States generated 44% of our consolidated net revenue in 2025, with Mexico, Russia, Canada, China, the United Kingdom, Brazil and South Africa, collectively, comprising 25% of our consolidated net revenue in 2025. company page · source filing · filed 2026-02-03 | In its latest annual MD&A, MDLZ describes this idiosyncratic risks in filings item. In February 2022, following the Russian military invasion of Ukraine, we stopped production and closed our facilities in Ukraine; since then we have taken steps to protect the safety of our employees and to restore operations at our two manufacturing facilities, which were significantly damaged in March 2022. company page · source filing · filed 2026-02-04 In its latest annual Risk Factors section, MDLZ describes this idiosyncratic risks in filings item. As the business and geopolitical environment continues to change, our operations and activity in Russia, which accounted for 3.7% of 2025 consolidated net revenues, and/or Ukraine, which accounted for 0.4% of 2025 consolidated net revenues, may decline or be further scaled back. company page · source filing · filed 2026-02-04 | In its latest annual Risk Factors section, KHC describes this idiosyncratic risks in filings item. Failure to comply with applicable sanctions and measures could subject us to regulatory penalties, temporary or permanent loss of assets, or our ability to conduct business operations in Russia. company page · source filing · filed 2026-02-12 | In its latest annual MD&A, HSY describes this idiosyncratic risks in filings item. The decrease was partially offset by $372.1 million of higher costs, primarily driven by higher commodity costs from cocoa, higher supply chain costs, unfavorable mix and incremental business realignment costs. company page · source filing · filed 2026-02-17 In its latest annual Risk Factors section, HSY describes this idiosyncratic risks in filings item. Our largest customer, McLane Company, Inc., accounted for approximately 27% of our consolidated net sales in 2025. company page · source filing · filed 2026-02-17 | In its latest annual Risk Factors section, CAG describes this idiosyncratic risks in filings item. Although we have no direct operations in Iran or elsewhere in the Middle East, Russia, Ukraine, China, or Taiwan, we have experienced, or may experience, shortages in materials from these regions, increased tariffs, sanctions or restrictions relating to these regions, and resulting increased costs or volatility relating to transportation, energy, fuel, and raw materials as a result of impacts from conflicts in these regions, and reduced consumer confidence and consumption due in part to the negative impact of these conflicts and tensions on the global economy. company page · source filing · filed 2026-07-15 | In its latest annual Risk Factors section, CPB describes this idiosyncratic risks in filings item. In 2025, our five largest customers accounted for approximately 47% of our consolidated net sales, with the largest customer, Wal-Mart Stores, Inc. and its affiliates, accounting for approximately 21% of our consolidated net sales. company page · source filing · filed 2025-09-18 |
Provenance
Withheld quantitative rows
- organic_volume_growth: Only 0 of 8 companies have a verified fact; threshold is 3.
Withheld dimensions
- geographic_customer_exposure: No quote passed the evidence checks.
- capital_allocation: No quote passed the evidence checks.
- recent_narrative_change: No quote passed the evidence checks.
Withheld cells
- PEP / business_model: no quote passed the evidence checks
- MDLZ / business_model: no quote passed the evidence checks
- GIS / business_model: no quote passed the evidence checks
- KHC / business_model: no quote passed the evidence checks
- HSY / business_model: no quote passed the evidence checks
- CPB / business_model: no quote passed the evidence checks
- KO / geographic_customer_exposure: no quote passed the evidence checks
- PEP / geographic_customer_exposure: no quote passed the evidence checks
- MDLZ / geographic_customer_exposure: no quote passed the evidence checks
- GIS / geographic_customer_exposure: no quote passed the evidence checks
- KHC / geographic_customer_exposure: no quote passed the evidence checks
- HSY / geographic_customer_exposure: no quote passed the evidence checks
- CAG / geographic_customer_exposure: no quote passed the evidence checks
- CPB / geographic_customer_exposure: no quote passed the evidence checks
- KO / capital_allocation: no quote passed the evidence checks
- PEP / capital_allocation: no quote passed the evidence checks
- MDLZ / capital_allocation: no quote passed the evidence checks
- GIS / capital_allocation: no quote passed the evidence checks
- KHC / capital_allocation: no quote passed the evidence checks
- HSY / capital_allocation: no quote passed the evidence checks
- CAG / capital_allocation: no quote passed the evidence checks
- CPB / capital_allocation: no quote passed the evidence checks
- KO / stated_strategy: no quote passed the evidence checks
- MDLZ / stated_strategy: no quote passed the evidence checks