|Bid||115.29 x 900|
|Ask||115.31 x 900|
|Day's Range||114.60 - 115.85|
|52 Week Range||95.94 - 122.51|
|PE Ratio (TTM)||35.83|
|Earnings Date||Oct 2, 2018|
|Forward Dividend & Yield||3.71 (3.23%)|
|1y Target Est||117.95|
Traditional soda brands are facing tough times right now, as consumers move away from sugary soft drinks to healthier, low-cal options. Pepsi has already tried to diversify away from its fizzy cola roots with Aquafina water, and more recently, sparkling water brand Bubly -- now it's planning on reaching customers in their homes with the acquisition of at-home carbonated drink-maker SodaStream. Pepsi and Israeli-based company SodaStream already have an existing relationship, with Pepsi previously selling its cola on the platform in what the company called a "learning opportunity".
Shares of SodaStream International (SODA) are jumping on Monday following news that PepsiCo (PEP) will buy the Israeli company, best known for its at-home carbonated drink maker. Where we were: SodaStream stock has soared more than 100% since the start of the year, as it's one of the few consumer staples stocks that was actually seeing strong growth. As George Costanza once demanded, "how do you not like soda?" It's bubbly, a beautiful baby name, and, if you're PepsiCo (PEP), a good acquisition target.
NEW YORK, Aug. 20, 2018-- The following statement is being issued by Levi & Korsinsky, LLP:. To: All Persons or Entities who purchased SodaStream International Ltd. stock prior to August 20, 2018. You ...
PepsiCo bought carbonated drink maker SodaStream for $3.2 billion on Monday, a move the beverage giant hopes will further help it adjust as consumers drink less traditional soda and opt more for flavored waters and other drinks. The deal is also a boon to SodaStream, which has enjoyed a resurgence after being targeted by anti-Israel boycotters in the past. The Israel-based company, which produces machines that allow people to make fizzy drinks in their own homes, has positioned itself as a provider of a healthy product in contrast to traditional sugary, carbonated drinks.
Pepsi is buying SodaStream for $3.2 billion as demand for traditional sugary soft drinks continues to weaken https://bloom.bg/2N5sfun (Source: Bloomberg)
Israel-based SodaStream makes countertop machines that allow consumers to carbonate tap water and other beverages at home by filling a reusable bottle and flavoring with an array of syrups. The Nasdaq-listed company has in recent years focused on promoting itself as a maker of homemade sparkling water instead of a maker of homemade soda. PepsiCo has been under pressure this year to restructure its North America beverage business amid weak sales of its core brands Pepsi-Cola, Mountain Dew and Gatorade.
PepsiCo officials said the acquisition will help the Purchase, New York-based company's nutritional products efforts.
SodaStream International Ltd. Chief Executive Officer Daniel Birnbaum could collect as much as $61 million if PepsiCo Inc. completes its acquisition. PepsiCo said Monday it agreed to pay $144 a share in cash for the Israeli maker of fizzy-drinks dispensers, which is 11 percent above SodaStream’s closing price on Friday. Birnbaum owns 137,277 shares, which would result in a $19.8 million haul, according to data compiled by Bloomberg.
MARKET PULSE U.S. stocks opened higher Monday as investors bought stocks amid apparent optimism about the progress of negotiations between the U.S. and its major trading partners. The Dow Jones Industrial Average (DJIA) rose about 80 points, or 0.
(Adds T-Mobile, Marfrig; updates PepsiCo) Aug 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** PepsiCo will buy carbonated drink-machine maker ...
Apple, Nike and Tyson Foods are just a few of the companies with shares expected to trade actively in Monday’s session.