|Day's Range||8.05 - 8.05|
Yahoo Finance gives Conagra Brands' new plant-based Ultimate Burger a try. Here's our takeaway.
PURCHASE, N.Y., Nov. 14, 2019 /PRNewswire/ -- The Board of Directors of PepsiCo, Inc. (PEP) today declared a quarterly dividend of $0.955 per share of PepsiCo common stock, a 3 percent increase versus the comparable year-earlier period. Today's action is consistent with PepsiCo's previously announced increase in its annualized dividend to $3.82 per share from $3.71 per share, which began with the June 2019 payment. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2019 marked the company's 47th consecutive annual dividend increase.
Ask Benjamin Witte about Recess, and one of the first places he’ll send you is the company’s Instagram page.
The world’s largest retailer’s third quarter results on Thursday showed that yet again, CEO Doug McMillon continues to pull almost all the right strings operationally.
Carnival Cruise Line will begin serving PepsiCo products in January 2020 PURCHASE, N.Y. , Nov. 13, 2019 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) is partnering with Carnival Cruise Line, the world's ...
(Bloomberg) -- Amazon.com Inc. plans to launch a new supermarket brand distinct from the Whole Foods Market chain the company acquired two years ago, a sign of the retail giant’s hunger for a slice of the grocery market beyond high-end organic food.The company has posted four job listings for “Amazon’s first grocery store” in the Woodland Hills neighborhood of Los Angeles. An Amazon spokeswoman confirmed the listings, and said the store would open in 2020. The brand will be distinct from Whole Foods and will have a conventional checkout line, unlike the cashierless Amazon Go convenience stores, she said. Amazon’s plans for the store were reported earlier by CNET.The e-commerce company purchased Whole Foods in a splashy $13.7 billion deal two years ago, but has yet to make much headway in the $900 billion U.S. grocery industry. The Whole Foods brand, finicky about what is allowed on store shelves based on its healthy image, clashes with Amazon’s desire to give customers whatever they want. Amazon rival Walmart Inc., which captures about 25% of all U.S. grocery spending, sells items such as Pepsi and Cheetos that shoppers can’t find at Whole Foods. Grocery industry analysts have speculated that Amazon might branch out with a new store where such products won’t be seen as betrayal to the brand.Online grocery shoppers prefer in-store pickup options to home delivery by nearly a 2-to-1 margin, and Amazon needs more stores to meet that growing demand, said David Bishop, a partner with research firm Brick Meets Click. In-store pickup requires more stores closer to shoppers -- about 3 to 5 miles from their homes -- than grocery delivery services, he said.“The reason Amazon needs to expand its physical footprint is an accelerated demand for grocery pickup service as opposed to delivery,” he said. “Shoppers have a greater sense of control when they pick up their groceries at the store in a secure location rather than worrying about it being left at their house.”Amazon’s sales from physical stores, the vast majority of which are purchases at Whole Foods stores, declined 1.3% from a year earlier to $4.19 billion in the third quarter. Amazon said the total doesn’t include online sales from Whole Foods, but the Seattle-based company doesn’t break out that figure.Woodland Hills is an upscale suburban neighborhood in the San Fernando Valley. The Wall Street Journal reported earlier this year that Amazon planned to open dozens of grocery stores under a new brand, starting with an outpost in Los Angeles.(Updates with analyst’s comment in fifth paragraph)To contact the reporters on this story: Matt Day in Seattle at email@example.com;Spencer Soper in Seattle at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Brewers and producers of other canned drinks are continuing to lobby this fall for the government to take a greater role in aluminum pricing, as a benchmark for the metal hasn’t fallen that much from last year’s tariffs-induced high.
Coca-Cola North America is adding a new sparkling water brand, Aha, to its lineup in March 2020. Created in about six months, Aha will be the beverage giant’s first new brand in a decade. Aha will come in eight flavors including lime and watermelon, strawberry and cucumber, and blueberry and pomegranate.
Coca-Cola will bolster its fast-growing water portfolio with a new caffeinated sparkling water brand, calling the new product its "first major new brand launch" in more than a decade. The Coca-Cola Co. (NYSE: KO) said Thursday it will launch AHA nationally in March of 2020, with eight flavor combos (Lime + Watermelon, Strawberry + Cucumber, Citrus + Green Tea, Black Cherry + Coffee, Orange + Grapefruit, Apple + Ginger, Blueberry + Pomegranate, and Peach + Honey). “As the largest and fastest-growing part of the water business, mainstream flavored sparkling water is a segment we know we must double-down on,” said Celina Li, Vice president of water for Coca-Cola North America, on the company's website.
(Bloomberg) -- Global investor enthusiasm for saving the planet has helped spur record issuance of green bonds. It’s also driving a surge in third-party verification that proceeds from the debt sales are actually destined for environmentally friendly projects, as fears of “greenwashing” mount.There have been about 480 green bonds issued by companies and governments so far this year with some form of assurance, a record high, according to data compiled by Bloomberg. That’s about 80% of all the green debt sold, and PepsiCo Inc. and Starbucks Corp. are among those paying independent reviewers for certification.“If we say something is sustainable, when our clients look under the hood it has to live up to that reputation,” said Mark Haefele, chief investment officer at UBS Wealth Management, which buys green bonds. Asset managers are concerned about lack of definition of what’s truly green, Haefele -- whose firm manages $2.5 trillion in assets -- said in an interview.Borrowers don’t have to prove proceeds will be used for a particular purpose, though second opinions can help sell bonds at a time when issuance is surging. Companies and governments typically align offerings with green bond principles and standards endorsed by the International Capital Market Association and Climate Bonds Initiative. But misleading claims about environmental benefits of projects are on the rise, making assurance and second opinions increasingly important to investors.“It really comes down to credibility,” said Heather Lang, executive director of sustainable finance solutions at Sustainalytics, which sells second opinions to green bond issuers. “Borrowers want to ensure the frameworks they put in place focusing on the green use of proceeds are aligned with global guidelines,” she said in a phone interview.Sustainalytics issued 35% more second-party opinions for green bonds in the third-quarter of this year compared to the same period a year ago. That included a 20-page opinion on Verizon’s green bond framework before the phone giant sold $1 billion in green bonds in February.The benefit of getting the second party opinion outweighed the cost, according to Kee Chan Sin, Verizon’s assistant treasurer.“It’s important to tie the green bond back to Verizon’s commitment to certain things like renewable energy and carbon neutral,” said Sin in a phone interview. “For some companies it might be expensive but for us it is money well spent.”What’s Green?Borrowers are taking advantage of the varying interpretations of green finance. Spanish refiner Repsol SA became the first major oil company to sell green bonds when it raised 500 million euros ($559 million) to help cut greenhouse-gas emissions and make its facilities more efficient in May 2017. That raised greenwashing concerns and led the Climate Bonds Initiative to exclude the debt from its database.Pepsi’s $1 billion green bonds -- marked for projects like sustainable plastics and packaging -- may be excluded from the Climate Bonds Initiative database if the company doesn’t provide more information on plastics. Bloomberg LP, the parent of Bloomberg News, also provides a green bond classification.Some borrowers are going a step further and asking auditors to review the use and management of proceeds, as well as reporting after the bond is issued. Assurance that funds raised are being allocated to the right projects could help the market grow, said Kristen Sullivan, sustainability and KPI services leader at Deloitte, which provides assurance to green bond issuers.Some investors are also doing their own audits.Large bond funds like Nuveen, which manages over $11 billion in responsible investing fixed-income strategies, are coming up with their own guidelines for identifying green bonds. The fund opted not to buy Verizon’s green debt because of “concerns around the lack of clarity on impact reporting and potential inclusion of 5G,” said Jessica Zarzycki, a co-manager of responsible investing fixed-income strategies at Nuveen.“You have to make sure what the issuer is promising is really what you are getting and everybody needs to do their homework,” said Zarzycki in a phone interview. “We’ve seen bonds that are labeled green and have second-party opinions where they don’t fit typically to our framework.”\--With assistance from Olivia Whalen, Bloomberg Global Data.To contact the reporter on this story: Caleb Mutua in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Nikolaj Gammeltoft at email@example.com, James Crombie, Allan LopezFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Frito-Lay Inc. still is pursuing a fulfillment center in Osceola County, but does not yet have a timeline for the facility's construction. Frito-Lay's facility, which could employ 200 people, is still in communication with Osceola County on the proposed facility, the company said in a prepared statement to Orlando Business Journal.
Short for Financial Independence, Retire Early, the FIRE movement finds its roots in the 1992 best-seller “Your Money or Your Life” by Joe Dominguez (a Wall Street financial analyst who — you guessed it — retired at 31) and Vicki Robin (who turned a modest inheritance into an income stream that allowed her to quit work at 23). As a result, “Knoxville is an easy place to live, to raise a family, or to retire,” she says.
Today, Drinkfinity announced the relaunch of their brand including the release of a new all-in-one stainless steel water bottle, available in five colors, plus three new low calorie, flavor-packed caffeine pods. To realize this vision, they created a hydration system in the form of a reusable water bottle and pods, thereby helping to provide infinite hydration. Through its unique duality, Drinkfinity enables you to effortlessly enjoy either plain water or pop a juice-based pod to plus up your water.
PLANO, Texas, Nov. 5, 2019 /PRNewswire/ -- This summer, five women of varying ages and backgrounds converged in the suburbs of Dallas to begin a whirlwind journey with seemingly one thing in common: they were finalists in the inaugural Stacy's Rise Project, a funding and mentorship program exclusively for female entrepreneurs in the food and beverage industry, given that female founders in the United States received only 2.3 percenti of venture capitalist funding in the last year. Yesterday, the strangers-turned-friends met again in New York City, all having earned $20,000 in business funding – but even richer after spending the last three months learning from top marketing, sales, innovation, R&D, and digital executives at PepsiCo and Frito-Lay.
Evidence of the increasing effects of climate change is building, as are the investing opportunities and changes in consumer habits linked to environmental concerns and resource use. Here are select dispatches about the companies responding to customer demands and climate risk, the ESG investors and their advisers, and the policy-makers, enterprising individuals and scientists preparing for tomorrow. BreakFreeFromPlastic, a three-year-old organization of some 1,800 members working to tackle plastic pollution has called in the volunteers that tally top plastic polluters by brand, and the amount of refuse clogging the world’s waterways remains alarming.
McDonald's CEO Steve Easterbrook has been ousted after an inappropriate relationship with an employee. Here's what we know about the new guy atop the Golden Arches.
PURCHASE, N.Y. , Nov. 1, 2019 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced that it will issue its fourth quarter and full year 2019 (ending December 28) financial results and other related ...
Coca-cola will roll out a new seltzer brand called “AHA” in March 2020. Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss on The First Trade.