|Bid||59.80 x 4000|
|Ask||59.95 x 800|
|Day's Range||59.62 - 60.07|
|52 Week Range||44.42 - 60.07|
|Beta (5Y Monthly)||0.39|
|PE Ratio (TTM)||28.96|
|Earnings Date||Apr 20, 2020 - Apr 26, 2020|
|Forward Dividend & Yield||1.60 (2.68%)|
|Ex-Dividend Date||Nov 28, 2019|
|1y Target Est||63.50|
Executives with The Coca-Cola Company, Mailchimp, Tegna Media and The Honey Baked Ham Company will discuss how marketing is changing across various industries.
Bitcoin has tiptoed back above $10,000, from $4,000 a year ago, and I have two questions. Last spring, I wrote that conditions are perfect for a flight to nonsense, with growth scarce and the Federal Reserve again cutting interest rates, and that Bitcoin would be the bellwether. U.S. stock indexes have shot higher since then, which I wouldn’t call a bubble or meltup just yet.
(Bloomberg) -- As Asia-Pacific president of Dow Chemical Co., one of the world’s biggest producers of plastics and chemicals, Jon Penrice has 100 billion reasons to recycle.“About 8 million tons of plastics are going into the ocean annually,” he said in an interview. “If you look at plastic packaging, around 95% is not being recycled each year which is $100 billion worth of plastic, and that’s valuable for entrepreneurs.”At the center of the effort is Asia, which consumes almost half of the world’s plastic packaging, according to BloombergNEF, and imports even more waste from the U.S. and Europe. Solutions -- such as Indian vending machines that turn plastic bottles into polyester, and researchers in Singapore who are working out ways to clean up oil spills using the waste -- will be needed to meet demand for recycled plastics that’s forecast to rise faster than supply.The biggest challenge to the transition is to make recycled plastics at a price and quality that are competitive. Virgin plastic is derived from crude oil and is closely linked to the global oil price. Because the cost of recycled plastic is more stable, it becomes relatively more expensive when crude prices fall.See also: China Upended the Politics of Plastic and the World Is Still ReelingThe complexity of sorting different types of plastic is another hurdle, according to Penrice, as well as dealing with waste at source rather than producing a lot of carbon emissions by sending it half way around the world.An estimated $80 billion-$120 billion of value is lost because of packaging that goes into the environment, said Navneet Chadha, principal operations officer at the World Bank’s International Finance Corp., which helps fund private sector investment in developing countries. “We have to think of used plastic as a resource, not as a waste.”See also: World Seen Struggling to Recycle Even 50% of Its Plastic WasteBut Chadha cautioned that standards for recycled products need to be developed to avoid “unintended consequences”. Using plastic in road construction, for example, needs to be evaluated further as microplastics may be generated as the road decays, he said.Here are some of the ways plastic is being recycled in Asia:Traditional RecyclingPlastic waste is traditionally reused by collecting and sorting refuse and then melting it, a process known as mechanical recycling. Part of the problem is that a lot of garbage is tainted with food or chemicals and can’t cheaply be turned into high quality raw materials.“The biggest challenge is quality of recycled plastic,” said Jean-Marc Boursier, chief operating officer of SUEZ Group, one of the world’s largest recycling companies. “Major consumer goods companies like Danone, Pepsi or Coca Cola will not buy recycled plastic unless they are convinced that the quality is as good as virgin plastic.”SUEZ has nine plants globally that can turn a combined 500,000 tons of waste plastic into 150,000 tons of polymers, used to make shampoo bottles, car interiors and other products. The company is opening its first Asian plastic recycling plant this year in Thailand.Boursier suggests pricing the carbon savings into the recycled plastic price to take into account the environmental benefit.AerogelsA team of researchers at the National University of Singapore has developed a way to convert low-value plastic waste into aerogels -- ultra-light materials used in everything from diaper fillings to cleaning up oil spills.Around eight average plastic water bottles produce a square meter sheet of aerogel using the method, said Duong Hai Minh, an associate professor at the university who worked on the project. The researchers have sold commercial production rights to firms including Bronxculture in Singapore and DPN Aerogel JSC in Vietnam, he said.“People throw away plastic because there they don’t see any value,” Minh said. “As long as we can make it valuable, everyone will keep it and sell it.”HighwaysUsing plastic waste to build roads is gaining in popularity, not least because all types of plastic including difficult-to-recycle multilayered packaging and flexible films and coatings used to wrap chocolates and for food deliveries can be used. Dow Chemical and India’s Reliance Industries Ltd. have developed technologies that use this plastic as a binder, replacing some of the bitumen.The Mukesh Ambani-led company has built 40 kilometers of road at its refineries using plastic that can’t otherwise be recycled, and is in talks with National Highways Authority of India and other road builders about using the technology more widely, said Vipul Shah, chief operating officer for the petrochemicals business.Meanwhile Indian Oil Corp., the country’s biggest refiner, is trying to get the government to make the blending of non-recyclable plastics in road-laying mandatory, said S.S.V. Ramakumar, director of research and development.In the Philippines, San Miguel Corp. laid down its first road combining plastic scraps with asphalt last year, using surface material developed with Dow. The chemicals giant has also helped build plastic-based roads in India, Indonesia, Vietnam and the U.S., according to Dow’s Penrice.See also: The Philippines Is Making Roads and Cement With Plastic Garbage“It’s relatively simple from the technology point of view: you shred the plastic waste, some sorting and selection and then you feed it into the existing asphalt machinery,” he said. “Approximately 100 tons of plastic waste can be recycled into a 40-kilometer stretch of road.”TextilesShredding plastic bottles to produce polyester for clothing is another technology that’s gaining traction in Asia. Reliance has set up reverse-vending machines that collect used bottles in exchange for discount coupons that can be redeemed at its company stores.The company, India’s largest petrochemicals manufacturer, can recycle around 2 billion plastic bottles a year, or 33,000 tons, according to Shah. Capacity will be doubled over the next 18 months, he said.BricksSome non-government organizations and companies are looking at ways to use waste plastic to make bricks and other construction materials. The Global Ecobrick Alliance is promoting use of a block tightly crammed with plastic and other recyclables. Qube, an India-based start-up, has developed a brick made entirely of plastic waste. Called the PlastiQube, it’s cheaper and uses less energy to produce than conventional counterparts, according to the company’s website.Chemical RecyclingBreaking down waste plastic into a basic feedstock like naphtha -- a process called pyrolysis -- can reprocess dirty, contaminated plastics like detergent drums and mixed polymers that can’t be dealt with through mechanical recycling.Pyrolysis will provide around 17% of the 19 million tons of plastics recycling capacity required by 2030 in major economies, according to BloombergNEF. Dow will source oil feedstock made using pyrolysis from Dutch company Fuenix Ecogy Group, while Royal Dutch Shell PLC and Total SA have partnered with start-ups to increase use of the technology.“Mechanical recycling will continue to be cheaper,” said Boursier at SUEZ, which is setting up a pyrolysis pilot project in Bristol in the U.K. “But for complex or polluted plastic, chemical recycling will be the future.”(Company corrects second paragraph to show $100 billion is the value of all plastic packaging that’s not being recycled)To contact the reporters on this story: Saket Sundria in Singapore at firstname.lastname@example.org;Debjit Chakraborty in New Delhi at email@example.comTo contact the editors responsible for this story: Serene Cheong at firstname.lastname@example.org, Andrew Janes, Adam MajendieFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
PepsiCo CFO Hugh Johnston discusses with Yahoo Finance how the coronavirus has impacted results in China for the beverage and snacks giant.
The Centers for Disease Control and Prevention is preparing for the new coronavirus to “take a foothold in the U.S." and is now requiring airlines to assist in some data collection of passengers.
Deval Patrick's uneven run for the White House is over — less than three months after it officially began. Patrick, the former Coca-Cola exec and governor of Massachusetts, announced today he has suspended his campaign, according to CNN. Patrick received .4% of the votes (1,250 ) in this week's New Hampshire Primary.
PepsiCo (NASDAQ:PEP) reports its fourth-quarter results on Feb. 13 before the markets open. And despite PepsiCo stock gaining more than 27% over the past year, shareholders can't afford any bad news.Source: suriyachan / Shutterstock.com Currently, PEP stock is trading around the $144 level, which is 33 times its free cash flow for the trailing 12 months. Therefore, the company does not a lot of room for error next week.However, I don't think that will matter, and here's why.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Earnings ExpectationsAnalysts expect earnings per share (EPS) for PepsiCo to be $1.44 in Q4 2019, and $5.51 for fiscal year 2019. That's down five cents from Q4 2018 and 15 cents from fiscal 2018, respectively -- and that's bad news. * 5 Cloud Stocks to Buy for Big Gains in 2020 The good news, however, is that analysts expect it to earn $5.95 for FY2020 -- 44 cents higher than this past year. But, it's important to note that as we've moved closer to the upcoming earnings announcement, analysts have gotten more conservative in their outlook.Three months ago, nine analysts had a buy or overweight rating on PepsiCo stock. Today, though, that figure has dropped down to seven. Worse still, the average target price is currently $140.12, about 2.7% lower than its current share price.Nonetheless, I like to consider the glass half full. Pepsi is still going to earn close to $6 a share in 2020. Furthermore, in October, it beat expectations on both the top- and bottom-line, with CEO Ramon Laguarta stating that it would "meet or exceed our full-year organic growth target of 4%."That said, the company's product lines appear to be stronger than ever. Bubly Taking Market ShareCurrently, PepsiCo boasts an impressive 22 billion-dollar brands. Suspiciously absent from this list, however, is Bubly sparkling water, which the company only launched in early 2018. Using Canadian singer Michael Buble as its pitchman, the company's humorous ads have generated serious buzz -- quickly boosting its market share.In January, Nielsen named 25 consumer packaged goods brands that it thought were innovating their way to growth. Bubly made the list, as did several other beverage brands, including Coca-Cola's (NYSE:KO) Dunkin' Donuts Bottled Ice Coffee.The reality is that Bubly is taking market share from Lacroix. Bubly generated $300 million in annualized revenue not too long after its 2018 launch, and is expected to join Pepsi's elite billion-dollar club soon.Sure, it might only generate 2% of the annual revenue that its legacy Pepsi brand does, but having another growth vehicle in the house can't hurt. To have 22 brands generating at least $1 billion in annual revenue provides the ultimate in diversification.Therefore, I continue to expect Bubly to deliver the goods. What About SodaStream?It's been a little more than a year since Pepsi completed its $3.2 billion acquisition of SodaStream. As far back as 2012, I thought SodaStream's products could quench two thirsts: First, that people enjoy drinking carbonated water, and secondly, that they want to do so without killing the planet."With its customizable options, SodaStream empowers consumers to personalize their preferred beverage in an environmentally friendly way and provides PepsiCo with a significant presence in the at-home marketplace," PepsiCo CEO Ramon Laguarta stated upon the acquisition's closing.This past Christmas, I bought my wife one as a gift. I can state unequivocally that it's cut down on the number of cans going into the recycling. So in my view, it's a fantastic product that everyone should own.With that said, SodaStream plans to do its best to ensure that it happens in the American market."Ramon has senior executives at chains like Walmart or Target on his speed dial, and that's the difference. We've already been added to Albertsons, the third largest US retailer," SodaStream CEO Eyal Shohat said in a recent interview.It's going to take time, but down the road, SodaStream will become a more significant part of the PepsiCo conversation. The Bottom Line on PepsiCo StockOverall, only 1.5% of U.S. households have SodaStream's. The U.S. market only accounts for 15% of the company's estimated annual revenue of $900 million in 2019. This means that if 10% of U.S. households buy a SodaStream in the next 3-5 years, its revenues will double -- and that's solely from the American market. That doesn't take into consideration its global growth.When PepsiCo reports earnings Feb. 13, you won't hear much from Laguarta about SodaStream. And that's a good thing.PepsiCo stock might be expensive today, but in five years -- having bought now -- I doubt you'll look back with regret.So, at 33 times free cash flow, PEP stock is still a buy.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Utility Stocks to Buy That Offer Juicy Dividends * 10 Gold and Silver Stocks to Profit Off 2020's Fear Trade * 3 Top Companies That Should Be More Careful With Your Data The post PepsiCo Stock Might Be Expensive, but Itas Still Worth Owning appeared first on InvestorPlace.
The UK firm OneWeb launched 34 satellites from Baikonur cosmodrome in Kazakhstan early on Friday as part of its effort to provide global high-speed internet access using satellite communications by 2021. The Russian Soyuz rocket left Baikonur at 0242 local time (2142 GMT on Thursday), the second OneWeb launch out of 21 planned. OneWeb launched six satellites from the Guiana Space Centre in Kourou, French Guiana, in February 2019.
When it comes to dividend stocks, yield isn't everything. If you're an income investor in it for the long haul, you know that steadily rising payouts are a vital factor, too.For one, dividend increases lift the yield on an investor's original cost basis, meaning today's 1% yield might be much more in the future. They're also indicative of a firm's ability to withstand the ups and downs of the economy, as well as the stock market.Enter the Dividend Aristocrats.The Dividend Aristocrats are companies in the S&P; 500 Index that have improved their annual payouts every year for at least 25 consecutive years. It's a mix of household names as well as companies with less name recognition that nonetheless play an outsize role in the American economy, even if it's mostly behind the scenes. But all of them offer some size, longevity and familiarity, providing comfort amid market uncertainty.Here are the current 64 Dividend Aristocrats - including the newest faces that were just added in January 2020. These have been among the best dividend stocks for income growth over the past few decades, and they're a great place to start if you're looking to add new dividend holdings to your long-term portfolios. SEE ALSO: The 20 Best Stocks to Buy for 2020
Investment bank Jefferies highlights potential winners and losers as governments and companies work to clean up the mess.
One of Kobe Bryant’s most successful business ventures was his $5 million investment for a 10 percent stake in the sports drink BodyArmor in 2013.
(Bloomberg Opinion) -- Most investors define value too narrowly, looking at price-to-earnings or price-to-book-value ratios. That misses key components of what makes a stock cheap, says this week's guest on Masters in Business, Chris Davis, chairman and chief executive officer of Davis Selected Advisors LP, which oversees more than $25 billion in mutual funds, exchange-traded funds and separately managed accounts.He offered this example: When insurance company Geico first began using Google advertising for customer acquisition, each new lead cost about $2. The next nearest customer acquisition vehicle for the insurer? Late-night cable television advertising, at a cost of $30 per customer. That enormous differential explained why Google was poised to take so much ad revenue from traditional media outlets. It also suggested that using the P/E ratio to determine how cheap or expensive Google gave a distorted and inaccurate valuation.Davis discussed the firm’s early days in the late 1960s, when it was running separately managed accounts, and decided to move into mutual funds after being asked to do so by several clients. Four decades later, similar requests from clients led the firm into ETFs. The firm’s four main investment strategies include concentrated versions of U.S., international, global and financials funds.Davis also sits on the board Coca Cola Co. and is vice chairman of the American Museum of Natural History.His favorite books can be seen here; a transcript of our conversation is here.You can stream/download the full conversation, including the podcast extras on Apple iTunes, Overcast, Spotify, Google, Bloomberg and Stitcher. All of our earlier podcasts on your favorite pod hosts can be found here.Next week, we geek out on cars with Hannah Elliot, reviewer of supercars for Bloomberg.To contact the author of this story: Barry Ritholtz at email@example.comTo contact the editor responsible for this story: James Greiff at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
There are thousands of stocks traded in the major exchanges, and it’s not easy to track their movements. A head for numbers helps, but so does a knack for timing. Understanding both helps to make sense of the earnings season.Once every quarter, publicly traded companies are required to release their financial results – revenues, sales numbers, earnings, and the like. These are the metrics that stock followers use to decide their investment allocations, and share prices tend to rise and fall on the expectations, and the realities, of the quarterly reports.Just last week, three great stalwarts of the Dow Jones index reported their earnings for the final quarter of calendar year 2019. The Dow, of course, is the classic stock index – a group of 30 companies selected to represent the larger market, as their smaller number makes them easier to track collectively – and the companies comprising the index are major names in their sectors.Using the Stock Comparison tool from TipRanks, we can look at these three companies, side by side, comparing their attributes. All are Buy-rated, show an upside between 5% and 10%, and are on an upward trajectory. Let’s take a closer look. McDonald’s Corporation (MCD)McDonald’s – the modern fast-food colossus created from the vision of salesman Ray Kroc – has shown strong gains in recent years, the fruits of an ambitious turnaround plan by now-former CEO Steve Easterbrook. While Easterbrook had to leave the company in disgrace this past November, causing the stock to dip sharply in response, his plan continues to bolster the company’s prospects. MCD shares gained 12% in 2019, less than the broader market but still a reliable gain. Also good for investors is the dividend, which at 2.31%, yields significantly more than the market average.The company’s earnings disappointed in Q3, but Q4 gave MCD shares a boost. EPS came in at $1.97 and revenues were reported at $5.3 billion, both in line with the Street’s forecast. The numbers were a relief, coming from a company that had to fire its CEO during the quarter. In better news for investors, and a testament to the company’s success at rebranding itself, global same-store sales numbers grew 5.9%, well above the forecast. Investors have been sanguine about MCD’s prospects heading into 2020, and the stock is up 9% so far this year.Writing on the stock for Evercore ISI, 5-star analyst David Palmer says, “We believe 2020 is positioned to be a strong year for McDonald’s. A large portion of the US EOTF investment heavy lifting is in the rear view mirror and there is strong system alignment around the outlook for 2020 with a focus on: 1) advertising effectiveness, 2) value marketing efficiency, 3) premium menu innovation/renovation, 4) improving focus on operations, and 5) technology integration…”In line with his bullish view of the stock, Palmer maintains his Buy rating and puts a $230 price target on MCD, implying a possible upside of 7%. (To watch Palmer’s track record, click here)McDonald’s holds a Strong Buy consensus rating from the analysts, based on a lopsided split of 16 Buys to 3 Holds. There are no sell-side reviews. Shares are trading for $215.18, and the $229.88 average price target suggests a potential upside of 7%. (See McDonald’s stock analysis on TipRanks) Coca-Cola Company (KO)Our next stock is a beloved staple of Warren Buffett’s portfolio. The investing guru has always loved the product, but even more, he loves the stock. Coke’s superb branding (everyone recognizes it), long-term gains (it’s up 41% over the past five years), and its reliable dividend (at 2.74%, the yield beats the market average and Treasury bonds) combine to make the stock a fine vehicle for steady returns.Coke’s steady momentum shows in its 2019 gain of 20%. It underperformed the broader market by about a third, but nothing seems to slow it down. The 40-cent dividend is reliable, paid out every quarter, and the 71% payout ratio shows that the company can afford the dividend and is committed to sharing profits with stockholders. This is a near-perfect long-term investment, as Buffett would attest.KO met or exceeded Wall Street’s expectations for 2H19, with solid performances in both Q3 and Q4. The Q4 report showed EPS as forecasted, at 44 cents, while revenues beat the consensus estimate at $9.07 billion. Even though soda consumption has been slowing in recent quarters, the company has compensated with a combination of new products and smaller cans. This drove a 135% increase in net income from the year-ago quarter.The analysts are pleased with Coke’s performance. Nik Modi, of RBC Capital, laid it out clearly, saying, “KO continued to ride on its momentum and exited 2019 with solid results, with a top-line beat and in-line earnings growth. 2020 guidance was in line with consensus and our expectations. A really good quarter with hardly any holes to poke.”Modi gives KO shares a Buy rating with a $66 price target, raised from his previous target of $60. His new target implies room for 13% share appreciation. (To watch Modi’s track record, click here)Analyst Stephen Powers of Deutsche Bank concurs, writing in his recent review of the stock, “We have great confidence that KO is well-positioned to grow in line with its +4-6% top-line algorithm into the future, given global revenue growth management initiatives, innovation, portfolio expansion, and general global system alignment.”Powers maintains his Buy rating and $64 price target, indicating 9% upside potential. (To watch Powers’ track record, click here)With 14 reviews, including 11 Buys and 3 Holds, KO shares have a Strong Buy from the analyst consensus. The average price target of $63.57 suggests upside potential of 9% from the current share price of $58.58. (See Coca-Cola stock analysis on TipRanks) Apple, Inc. (AAPL)Last up is Apple, Steve Jobs’ baby that continues to shape the way we interact with the digital world. From the iPod to the wearable Apple Watch, this company has always positioned itself with one foot solidly at the forefront of technology. The strategy has worked, and today, Apple is the world’s most valuable publicly traded company, with a market cap of $1.35 trillion.Like the other stocks on this list, Apple has momentum on its side. Shares are up 160% over the past five years, rose 89% in 2019, and have started 2020 with a 5% gain. It’s a steady record of share appreciation for stockholders’ benefit. The company pays a modest dividend, with a yield of just 1%, but the payment is reliable. Apple has also raised the dividend twice in the last three years.Adding to the good news, AAPL beat the forecasts in every quarter of calendar year 2019, with the fourth (fiscal Q1) showing the widest margin. EPS beat the forecast by 44 cents, coming in at $4.99. Revenues were $91.8 billion, where the forecast was $88.5 billion. Additionally, iPhone revenues rose after a disappointing Q3, gross margins rose to 38.4%, and the company raised its Q2 guidance.Among the bulls is Brian White, of Monness. He says of AAPL, “Looking forward, we anticipate healthy demand for Services and Wearables to continue. Also, we expect Apple to benefit from the launch of its first 5G iPhones in September… Our balanced view of this cycle reflects the maturity of the smartphone market and our expectation that consumers will take a measured approach to upgrading to 5G…”White raised his price target on AAPL from $300 to $370, implying an upside of 20%, and gives the stock a Buy rating. (To watch White’s track record, click here)In agreement with White is Daniel Ives, 5-star analyst from Wedbush. After watching the Q1 earnings presentation, Ives said, “We … view last night as one of Cook’s crowning achievements which put the finishing touches on a comeback story for the records books.” Ives believes that Apple will reach a $2 trillion valuation within two years.In line with his uber-bull stance, Ives gives AAPL shares a $400 price target and Buy rating. His target indicates confidence in a 30% upside potential for the stock. (To watch Ives’ track record, click here)Apple has the most mixed reviews of the stocks on this list, 36 of them, including 22 Buys, 12 Holds, and 2 Sells. Shares are not cheap, at $308.66, and the $340.43 average price target suggests an upside potential of 10%. (See Apple stock analysis on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
BERLIN/VEVEY, Switzerland, Feb 4 (Reuters) - A German firm backed by bottled water giant Danone plans to launch a sparkling-water machine for the home early next year, its chief executive told Reuters, squarely taking aim at PepsiCo's SodaStream. Nestle, the bottled water market leader, is also considering a machine for the home with filters, flavours and fizz that would be a smaller version of its Refill+ dispensers being rolled out in cafeterias, hotels and offices this year.
Check out these three dividend-paying stocks that investors might want to buy to help combat coronavirus-based market pullback fears...