The beverage and packaged food giant is preparing to prune its expansive brand portfolio.Sometimes, less is more, and addition is realized by subtraction. PepsiCo (PEP +1.08%) is coming to terms with those facts.Among other initiatives aimed at creating shareholder value, the beverage giant announced Tuesday that it will eliminate nearly 20% of the products in its portfolio by early 2026. That's not necessarily a bad thing because it's not a stretch to say that the portfolio has gotten a bit too sprawling. ...

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