|Bid||108.10 x 1000|
|Ask||108.57 x 1000|
|Day's Range||107.14 - 108.67|
|52 Week Range||95.94 - 122.51|
|PE Ratio (TTM)||31.86|
|Earnings Date||Jul 10, 2018|
|Forward Dividend & Yield||3.71 (3.46%)|
|1y Target Est||115.65|
Allen McKellar, an African-American college senior in South Carolina, figured his chances were slight in 1940 when he entered in an essay-writing contest in a bid to win an internship at Pepsi-Cola Co. “How could I compete with those hundreds of students from around the country?” he said in an interview with the St. Louis Post-Dispatch later. After serving in the Army, he returned in 1947 to join a Pepsi marketing team focused on African-Americans at a time when few large companies hired blacks for white-collar jobs.
With popularity waning in the MLB due to slow paced games and safety issues plaguing the NFL, the National Basketball Association (NBA) continues to shine. On the world stage, basketball is one of the most popular sports, trailing only soccer. With expanding viewership, revenue in the NBA has significantly grown.
Knowing what consumers will want in future is a dream for businesses, especially in an environment where smaller brands are attacking larger companies "like a shoal of piranhas," according to a senior PepsiCo executive.
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. PepsiCo Inc (NASDAQ:PEP) has returned to shareholders over the pastRead More...
A group of 25 investors managing more than $1 trillion in assets are demanding that Nestle SA, PepsiCo Inc., Procter & Gamble Co. and Unilever NV reduce their use of plastic packaging, calling it environmentally damaging. The initiative was organized by As You Sow, a nonprofit shareholder advocacy group that pushes companies to act responsibly. It was signed by investment managers including Hermes Investment Management, Impax Asset Management, NEI Investments and Walden Asset Management.
Coke companies are suffering large decline in consumption of sugary sodas as consumers worry about obesity. Pepsi declares to replace the sweetener aspartame from the drink, while Coca-Cola is trying to spread the message that sugary sodas have no deleterious effect on health. The market has started to roll over after President Trump announced the United States will impose a 25% tariff on $50 billion worth of Chinese exports.
Sodastream International Ltd (NASDAQ:SODA) has soared to record highs this year. The Israel-based maker of home soda machines has boomed as it embraces the consumer trend toward sparkling water. Now that the stock has breached the multiyear high of $75 per share, the question on the minds of investors centers on how much longer the SODA stock bull market can last.
Every fund investor would like to see the manager of the actively managed funds that they own beat the market every year, but they've been left wanting for well over a decade. The lack of consistent outperformance on the part of large-cap active managers (the main contributors to the Ultimate Stock-Pickers concept) has been well documented by the S&P Indices Versus Active Funds (SPIVA) U.S. Scorecard. For the five-year period ending in December 2017, the index group noted that 84.23% of large-cap managers have lagged their respective benchmarks.
Before White Castle hands over the password to its coveted social media accounts, members of its marketing team have to do one thing — flip some burgers. A single shift at the iconic burger chain is just one prerequisite to getting the keys to The Castle's Twitter TWTR account, but it's an important tradition, Lynn Blashford, vice president of marketing for White Castle, told CNBC. White Castle is just one of many fast-food chains using social media for more than just promoting new menu items and value offers.
Gatorade's use of its name and the G-bolt design in association with The Sports Fuel Company helped it win a federal court trademark infringement case. PepsiCo, Inc.'s wholly owned subsidiary The Gatorade Company is in no jeopardy of losing its registration or right to use its advertising slogan "Gatorade The Sports Fuel Company." An Illinois federal court judge has ruled that a trademark infringement action filed by SportFuel, Inc., owner of the registered trademark "SPORTFUEL," does not deserve the right to have its case originally filed in August 2016 heard in front of a jury, giving Gatorade a win at the summary judgment phase of the litigation. It was an important case for Gatorade, which is in a similar line of business as SportFuel and calls itself a sports fuel company on much of its advertising and packaging.
PLANO, Texas, June 14, 2018 /PRNewswire/ -- In an "experiment" gone horribly right, Doritos have become dinosaur-sized to create the world's largest Doritos: Jurassic Doritos. Through a collaboration with Universal Pictures and Amblin Entertainment's Jurassic World: Fallen Kingdom, Doritos, one of the marquee brands from PepsiCo's Frito-Lay division, has a big surprise for its fans — one of dinosauric proportions.
Essentia hires Credit Suisse to lead a sale of the company. The brand has roughly $100 million in annual sales and could attract interest from large consumer companies like Pepsi or Nestle. Premium water company Essentia has hired an investment bank to run an auction for the company, sources familiar with the matter told CNBC, and it could fetch $500 million or more in a sale.
MEXICO CITY (AP) — Mexicans are among the biggest soda drinkers in the world, so residents of the southern city of Ciudad Altamirano were hit hard when first Coca-Cola then Pepsi closed their distribution centers amid drug gang extortion demands.
"Beverages have more pricing power than the food companies and are able to take price [raise prices]," BMO Capital Markets analyst Amit Sharma told TheStreet on Tuesday, June 12. Sharma said beverage consumers believe they get more value from drinks than food products and tend to be more loyal to brands and that there are far fewer private labels in the drinks space than in the foods sector. Prices for the aluminum used in cans for beer and nonalcoholic drinks are rising, largely thanks to the 10% tariffs imposed by President Trump on imported aluminium beginning in March.
Shares of The Coca-Cola Co. ( KO) have had a difficult start to 2018, with shares of the stock down by about 3%, and over 8% off their highs. The bullish outlook for the stock comes despite shares trading at a lofty valuation when compared to the broader-based S&P 500. The long straddle options strategy is pricing in shares of Coke to rise or fall by roughly 9% by expiration in January, from the $45 strike price.
Matthew Turk, who said he owns more than 1.9 million shares of Senomyx's common stock, said in the letter that he is skeptical of the San Diego-based company's announced plans to explore a strategic review. Turk said in the letter that Senomyx shares have lost 78 percent of their value since the company went public in 2004, under the direction of Chairman Kent Snyder and Chief Executive Officer John Poyhonen. "There must not be a slow liquidation of Senomyx, but rather a complete sale either in whole or in parts as quickly as possible to preserve remaining shareholder value," Turk said.
PURCHASE, N.Y., June 12, 2018 /PRNewswire/ -- Pepsi continues to bring unforgettable musical experiences to fans, this time teaming up with renowned artist/producer duo The Chainsmokers. This exclusive, one-night-only performance, will take place at the Hollywood Palladium in Los Angeles on Tuesday, July 24. Powered by Live Nation, the event will feature several special guest performances, who will join the Grammy award winning duo as they perform some of their biggest hits along with reimagined versions of songs from Pepsi's biggest music icons at one of the industry's most celebrated venues.
The bottled water market is poised to grow further in over the next few years. This has made beverage companies reorient their business strategy and redesign their portfolio with increased focus on bottled water.