The answer is yes. Let's start simple and look at the colors of each company. Pepsi seems like the patriotic choice with its red, white, and blue logo, while Coca-Cola seems to contribute with a two color scheme of red and white. Both cans are saturated with their company's primary color which alludes to the notion of good versus evil. This may be too farfetched but blue and red usually coincide with good and evil, respectively. Countless examples include Heaven vs. Hell, Yankees vs. Red Sox and even the United Nations vs. the Third Reich. The third example may be exaggerating a bit but the point has been made. Now I highly doubt Coca-Cola has any plans for world domination but I'm not ruling anything out. However, there's nothing out of the ordinary here and if you think about it, a total of three colors are used between the two companies so it's debatable whether color has any actual significance in choosing one over the other.
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Furthermore, do color and font have a significant say in who drinks which cola? Maybe, maybe not. It's forever up for debate. It's honestly up to the consumers themselves. A preference is just that, a preference. The decision isn't definite, or else that preference would turn into a certainty, something Pepsi and Coca-Cola have been vying for from customers for over a century.
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