PepsiCo beats sales estimates on snacks boost

(Reuters) - PepsiCo Inc’s (PEP.O) sales topped Wall Street forecasts in the fourth quarter, as higher demand at its snacks business that makes Doritos and Cheetos made up for a decline in sales of sugary drinks. PepsiCo on Tuesday also announced a stock buyback of up to $15 billion and a 15 percent increase in its dividend payout. The maker of Tropicana juices and Mountain Dew said organic sale...