Apr. 8, 2014, 11:09 AM
Apr. 1, 2014, 6:58 AM
- Sales of Diet Pepsi (PEP) fell 6.9% from 2012 to 2013, according to Beverage-Digest.
- The drop in sales was nearly the same for Diet Coke (KO) with a 6.8% decline over the same period.
- Regular Coke performed much better with only a 0.5% dip in sales.
- Overall, the soda industry saw total CSD dollars fall 1% despite a 2% rise in prices. Analysts think the trend of slipping volume in the soda business could continue.
Mar. 31, 2014, 1:58 PM
- A survey from the Department of Agriculture indicates that farmers in the U.S. plan to plant the lowest acreage of corn in four years.
- The March report on corn already indicated that supply was tighter than forecast.
- Higher corn prices are sometimes absorbed by food sellers and restaurant chains if consumer spending trends are weak.
- Corn futures charts
- Related stocks: GIS, K, POST, KO, PEP, PPC, TSN, CPB, SJM
Mar. 31, 2014, 7:32 AM
- A new research study concludes that diet sodas increases the risk of heart disease in women. The study tracked women over a multi-decade period.
- The findings from the University of Iowa Hospitals and Clinic were presented at meeting of the American College of Cardiology.
- Related stocks: PEP, KO, DPS
Mar. 26, 2014, 10:45 AM
- The European Commission intends to propose new rules to regulate the production and selling of organic food.
- The changes could make it harder for companies to use the familiar organic food label on products in Europe.
- There's plenty of similar talk across the pond in the U.S. on the use of the words "organic" and "natural" on labels.
- Related stocks: SENEA, SENEB, THS, NCRA, CPB, DOLE, MDLZ, GIS, NSRGY, KRFT, TSN, FLO, CAG, DF, PPC, HRL, SJM, TSN, DF, ANFI, JJSF, PPC, WWAV, UL, DANOY, PLATF, POST, K, PEP, DMND, PF, HAIN, BNNY.
Mar. 19, 2014, 7:27 AM
Mar. 17, 2014, 10:56 AM
Mar. 3, 2014, 10:10 AM
- Warren Buffett tells CNBC that he doesn't see any need for PepsiCo (PEP -0.8%) to separate its beverage business.
- The investor shows confidence in the soft drink industry as a whole and says it makes sense for PepsiCo to keep Frito-Lay and beverages under the same umbrella.
- Activist investors have been buzzing about a PepsiCo split for some time.
- CNBC video
Feb. 27, 2014, 6:24 PM
- PepsiCo (PEP) again rejects a proposal from activist shareholder Nelson Peltz's Trian Fund to split the company's snacks and beverages units, making public via an SEC filing its response to Peltz's 37-page letter sent last week to PEP's board.
- Calling Trian's data "selective and, in many instances, misused," lead director Ian Cook says PEP's value is "maximized as an integrated food and beverage company" and Peltz's "financial engineering... erodes value for shareholders rather than creates value."
- Peltz, in a CNBC interview earlier today, said he would take the issue to every major Pepsi shareholder in the coming weeks to gather support.
Feb. 20, 2014, 8:18 AM
- Shares of PepsiCo (PEP) are mildly higher after Nelson Peltz takes back up his fight to see the company spin off the beverage business.
- There is a bit of a ripple effect for SodaStream (SODA) which is the target of a great deal of speculation as a future PepsiCo partner or acquisition.
- Premarket: PEP +0.5%, SODA -0.2%.
Feb. 20, 2014, 3:25 AM
- Nelson Peltz has sent a 37-page letter to PepsiCo's (PEP) board renewing his call for the company to spin off its struggling beverage business, which has been battling falling soda sales in developed markets, and focus on snack brands Lays, Cheetos and Doritos.
- The letter comes less than a week after PepsiCo ruled out a break-up following a review.
- Peltz, whose Trian Fund Management firm owns $1.2B in PepsiCo, plans to start meeting with shareholders and could conduct public investor forums.
Feb. 18, 2014, 12:35 PM
- The Illinois Senate is considering a tax of one penny per ounce on soda drinks sold in sealed containers.
- Proponents of the measure claim the state will save money on health care costs on top of the added tax revenue, while opponents say it will cost the state jobs.
- Illinois Senate Bill 3524
- Related stocks: KO, PEP, DPS, MNST
Feb. 14, 2014, 12:54 PM
- Shares of PepsiCo (PEP -0.9%) are slightly lower again as investors re-align their thinking after hearing the company resist the calls to spin off its beverage business.
- The focus now falls back on a potential deal with SodaStream or another play in the home beverage industry.
- During an earnings call yesterday, CEO Indra Nooyi said PepsiCo is testing single serve home delivery concepts before deciding on where to invest.
- Nooyi on home beverage products: "GMCR is one option. Interestingly, there are multiple, multiple, multiple technologies out there."
- Does the use of three "multiples" in the sentence indicate PepsiCo has something new up its sleeve?
- Earnings call transcript
Feb. 13, 2014, 9:04 AM
- Shares of PepsiCo (PEP) are slightly lower in premarket action following the company's solid Q4 report.
- Pepsico topped profit estimates and outlined a fresh $5B productivity plan, but investors might be focusing on the cold water thrown on the activist push to spin off the beverage business.
- PEP -1.0% premarket
Feb. 13, 2014, 7:28 AM
- Pepsico (PEP) maintains it's on track to meet productivity targets as it comes off a steady Q4 performance.
- Organic volume was up 3% for the Snacks business and 1% for Beverages.
- Both Frito-Lay North America and PepsiCo Americas Food got a revenue boost off of net pricing increases.
- On the spinoff notion: PepsiCo says it will maximize shareholder value by retaining the North American beverage business in its current corporate structure.
- Despite recent turmoils of major companies in emerging markets (see P&G), PepsiCo struck double-digit sales gains in Latin America and Asia.
- The company raises its dividend payout rate to $2.62/share from $2.27/share and raises its buyback to close to $5B.
Feb. 13, 2014, 7:05 AM
- PepsiCo Inc. (PEP): Q4 EPS of $1.05 beats by $0.04.
- Revenue of $20.12B (+0.9% Y/Y) misses by $40M.
PepsiCo, Inc. markets, sells and distributes a wide variety of convenient and enjoyable foods and beverages through its operations, authorized bottlers, contract manufacturers and other partners. The company operates in four business units, PepsiCo Americas Foods, PepsiCo Americas Beverages,... More
Sector: Consumer Goods
Industry: Processed & Packaged Goods
Country: United States
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