|Bid||114.71 x 800|
|Ask||114.72 x 900|
|Day's Range||114.60 - 115.85|
|52 Week Range||95.94 - 122.51|
|PE Ratio (TTM)||35.78|
|Earnings Date||Oct 2, 2018|
|Forward Dividend & Yield||3.71 (3.23%)|
|1y Target Est||117.95|
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Monday.
Monday, August 20: PepsiCo buys SodaStream for $3.2 billion; #MeToo activist Asia Argento reportedly settled her own sexual assault accusation in 2013; 'Crazy Rich Asians' exceeds expectations at box office. Yahoo Finance's Dan Roberts starts your week.
PepsiCo is aiming to capitalize on the growing home beverage business with the acquisition of SodaStream, an at-home carbonated drink maker. SodaStream has been enjoying increasing market share as consumers lean toward beverages with less sugar and eschew the packaging associated with bottled and canned choices.
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. Sonia Legg reports
CEO Indra Nooyi has made her last big move. The company on Monday, Aug. 20, said it had bought Israel-based SodaStream International Ltd. PepsiCo has agreed to pay $144 per Sodastream share, which represents an almost 11% premium to Friday's closing price, to gain control of the company's in-home soda technology.
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.
A former Silicon Valley CEO is taking the helm of a prominent organization dedicated to the promotion of women in the workplace, saying the #MeToo era is a "fantastic time" to champion gender equality. Lorraine Hariton becomes CEO of the group Catalyst at time when sexual misconduct scandals are ensnaring corporate executives, and the departure of PepsiCo's CEO highlighted the tiny number of women leading Fortune 500 companies.
Ryan McQueeney touches on today's mixed news related to Tesla and Pepsi's acquisition of SodaStream. He also investigates the recent momentum of popular cannabis stocks like Canopy Growth, Cronos Group, and Tilray. Later, the host previews upcoming earnings reports from the retail sector.
Far be it for PepsiCo Inc. to be left out of the M&A game in the soft drink industry. The soda company’s deal to acquire SodaStream International Ltd. follows Coca-Cola Co.’s acquisition last week of a minority stake in Bodyarmor, a sports-drink maker whose backers include former basketball star Kobe Bryant, and the merger last month of Keurig Green Mountain and Dr. Pepper Snapple Group. Analysts agree that the deal signals a bigger push toward healthier beverage choices -- recall that Pepsi launched flavored sparkling water brand, Bubly, in February.
As consumers have shifted from sugary soft drinks to bottled water, the Nasdaq-listed company has pivoted to promote itself as a maker of homemade seltzer rather than 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. The sales slump came after the company last year shifted too much shelf space and advertising money to new, healthier brands.
JERUSALEM/LONDON (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. "With sugary carbonates and juices struggling and no turnaround in sight, mitigating the losses through newer and healthier products will be essential for PepsiCo," said Euromonitor International analyst Matthew Barry.
Pepsi’s SodaStream acquisition moves it further into healthy categories, but Wells Fargo says it won’t solve the problems with the company’s core products.
JERUSALEM/LONDON (Reuters) - PepsiCo (PEP.O) will buy carbonated drink-machine maker SodaStream (SODA.TA) (SODA.O) for $3.2 billion as it battles Coca-Cola (KO.N) 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 flavored syrups to carbonated tap water, but its popularity faded as bottled sodas became cheaper. More recently, the Israel-based company reinvented itself as a fizzy water company popular with younger and more health- and environmentally-conscious consumers, who want to drink less soda and use fewer plastic bottles.
Pepsi is buying SodaStream for $3.2 billion as demand for traditional sugary soft drinks continues to weaken https://bloom.bg/2N5sfun (Source: Bloomberg)
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer weighs in on Monday's trending stocks from the floor of the New York Stock Exchange.
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.
, a lasting sign of the direction outgoing CEO Indra Nooyi has labored to point the company in. SodaStream soared 9.7% as PepsiCo rose 0.1%. The acquisition of SodaStream seems very much in line with her vision for the company, analysts say.