real-time news and commentary for investors
Wednesday, Oct 16
PepsiCo in focus after Q3 results
- Heavyweight investor Nelson Peltz continues to loom large in the debate over PepsiCo (PEP +1.5%).
- Today's Q3 report which showed a stable rate of revenue growth for PepsiCo's snacks business could take some wind out of the sail of Pelt'z notion that PepsiCo should buy Mondelez International (MDLZ +2.2%) - while on the flip side the weak performance put in by the beverage business could rekindle his other idea of a spinoff.
- Not everybody likes the idea of splitting PepsiCo - perhaps most of all CEO Indra Nooyi. Edward D. Jones analyst Jack Russo notes strength in one side can make up for weakness in the other. Just ask Coca-Cola.