46.73 0.00 (0.00%)
After hours: 5:30PM EDT
|Bid||46.51 x 34100|
|Ask||0.00 x 3000|
|Day's Range||46.59 - 46.87|
|52 Week Range||41.45 - 48.62|
|PE Ratio (TTM)||83.75|
|Forward Dividend & Yield||1.56 (3.35%)|
|1y Target Est||N/A|
Late August in the stock market is not usually the time one starts thinking about “Merger Monday,” but a surprising development has greeted investors this morning with news that soft drink and snack giant PepsiCo (NASDAQ:PEP) will be acquiring DIY beverage company SodaStream (NASDAQ:SODA) for $3.2 billion. This appears to be the final big move for Pepsi’s formidable CEO Indira Nooyi, who took the helm 12 years ago when PEP shares were trading in the $60s, barely more than half where the shares are this morning. Moving away from pre-packaged, heavy-sugared drinks has been a goal of the corporation since traditional beverages like Pepsi have begun to flatline in favor of more health-conscience choices.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains quickly breaks down everything investors need to know about Gatorade rival BodyArmor after Coca-Cola (KO) bought a significant stake in the sports drink firm. The episode then shifts to the future of live streaming sports, where it looks like Amazon (AMZN) is ready to come out on top.
Snack food and beverage giant PepsiCo (PEP) announced its decision to acquire SodaStream International (SODA) on August 20. PepsiCo is acquiring SodaStream, a maker of home carbonation systems, for $144 per share in a deal valued at $3.2 billion.
JERUSALEM/LONDON, Aug 20 (Reuters) - PepsiCo will buy carbonated drink-machine maker SodaStream for $3.2 billion as it battles Coca-Cola for an edge in the health-conscious beverage market. Founded in Britain in 1903, SodaStream was a coveted device in British kitchens in the 1970s and 80s, allowing people to create fizzy drinks by adding flavoured syrups to carbonated tap water, but its popularity faded as bottled sodas became cheaper.
Having already announced her retirement and replacement, PepsiCo (NYSE:PEP) CEO Indra Nooyi has announced one more thing, the $3.2 billion acquisition of SodaStream (NASDAQ:SODA). The price, $144 per share, is a 12% premium over SodaStream’s Aug. 17 close of about $129, and the deal is expected to close in January. SodaStream, which produces soda machines for the home, suffered severe growth hiccups in the middle of this decade as it tried to get into hot drinks, but sales for 2017 were a record $543 million, and it was exceeding that pace through the first quarter of the year, with expanding profitability.
Following the legal impediments faced by Medtronic PLC ( MDT) to avoid a $1.4 billion tax in the United States, Facebook Inc. ( FB) and The Coca-Cola Co. ( KO) may be next to face the Internal Revenue Service (IRS) over the use of foreign payments to lower their taxes. Over the years, leading multinational companies (MNC) have been at loggerheads with the IRS on matters of transfer pricing—a method that has been used by MNCs to reduce their tax liabilities by assigning lower value to intangible assets like intellectual property (IP).
Have Trump’s Tariffs Helped US Steel’s Pursuit of Greatness? President Donald Trump has resorted to an economic war, using sanctions and tariffs as tools to achieve political and economic ends. The Section 232 tariffs have been used as a bargaining chip to get better trade deals from trading partners.
Last week, Medtronic Plc suffered a legal setback in its bid to avoid a $1.4 billion U.S. tax bill -- a ruling that may have costly implications for other multinationals battling the Internal Revenue Service over the use of overseas payments to lower their taxes. Companies including Facebook Inc. and Coca-Cola Co. have been fighting the IRS for years over strategies related to so-called transfer pricing -- a way that some companies cut their tax liabilities by assigning lower prices for things like intellectual property that they shift to subsidiaries in low-tax jurisdictions such as Ireland or the Cayman Islands.
PepsiCo (NASDAQ:PEP) is spending $3.2 billion cash to acquire at-home carbonated drinks-maker SodaStream International (NASDAQ:SODA), the companies announced today. The deal values SODA stock at $144 per share, a 32% premium to its 30-day volume weighted average price. Israel-based SodaStream makes machines, flavorings and refillable cylinders that enable consumers to make their own soda or carbonated water drinks. The company has helped drive in-home soda-making that has proven to be a successful rival to traditional drinks-makers like PepsiCo and The Coca-Cola Company (NYSE:KO).
Senior Analyst, Wells Fargo Securities Post Holdings is a Top Pick. Analyst, Credit Suisse We maintain our target price of $24 and Outperform rating on Nomad Foods, which is poised for solid growth through 2019. Chief Market Strategist, Tigress Financial IntelligenceCampbell Soup continues to face increasing competitive headwinds from smaller growth brands and changing consumer tastes.