PepsiCo and Coca-Cola are in talks to take a stake in Greek yogurt maker Chobani. Other food and consumer companies are in talks to invest as well, according to people familiar with the situation. The investment could value Chobani at as much as $3 billion, including debt, a figure first reported by Reuters.
Hugh Johnston, PepsiCo CFO talks with CNBC's Sara Eisen about the company's quarterly results, growth prospects and competition in the beverage and snack sector. Also Jim Cramer wants to know how PepsiCo has been able to do well in the liquid category despite critical stories about carbonated soft drinks.