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Yesterday, 7:10 AM
- PepsiCo (NYSE:PEP) reports organic revenue growth of 4% in Q4.
- Foreign exchange translation negatively impacted revenue by 8%.
- Revenue by segment: Frito-Lay North America: $4.456B (+2%); Quaker Foods North America: $775M (-1%); Latin America: $2.307B (-26%); North America Beverages: $5.847B (+2%); Europe Sub-Saharan Africa: $3.283B (-17%); AMEA: $1.917B (-3.5%).
- Frito-Lay North America operating profit increased 5% to $1.292B.
- North America beverages operating profit grew 13% to $639M.
- Total core gross margin improved 165 bps to 54.82%.
- Total core operating margin decreased 20 bps to 12.52%.
- FY2016 Guidance: Core EPS: $4.66; Net capital expenditure: ~$3B; Cash flow from operating activities: over $10B; Free cash flow: more than $7B; Productivity savings: ~$1B.
Mon, Jan. 25, 12:00 PM
- Tobacco stocks and soft drinks names are mild outperformers on the day.
- Despite soft consumer spending trends, some retail analysts think 2016 sales for beer, cigarettes, and soft drinks will pick up in the U.S. as gas prices remain at low levels.
- Gainers today on a down market day include Dr. Pepper Snapple (DPS +1%), PepsiCo (PEP +0.7%), Coca-Cola (KO +0.7%), Coca-Cola Bottling Company (COKE +2.6%), Coca-Cola Enterprises (CCE +1.1%), Reynolds American (RAI +1.7%), Altrai (MO +1%), Philip Morris (PM +0.5%), and Anheuser-Busch InBev (BUD +0.7%).
- Speculation that anti-soda and cigarette advocate Michael Bloomberg might run for president doesn't appear to be creating even a ripple of worry.
- Previously: Michael Bloomberg is seriously considering running for president (Jan. 23 2016)
Oct. 6, 2015, 6:56 AM
- PepsiCo (NYSE:PEP) reports organic revenue rose 7.4% in Q3.
- Foreign exchange translation negatively impacted revenue by 12%.
- Revenue by segment: Frito-Lay North America: $3.56B (+1%); Quaker Foods North America: $583M (-0.5%); Latin America: $2.28B (-5%); North America Beverages: $5.36B (+4%); Europe Sub-Saharan Africa: $2.92B (-23%); AMEA: $1.63B (-7%).
- Frito-Lay North America operating profit grew 6% to $1.09B.
- North America beverages operating profit +14% to $860M.
- Total core gross margin increased 120 bps to 54.8%.
- Total core operating margin expanded 60 bps to 17.7%.
- FY2015 Guidance: Organic revenue: mid-single-digit growth; Core tax rate: ~25%; Core EPS: +9%; Net capital expenditure: ~$3B; Cash flow from operating activities: over $10B; Free cash flow: more than $7B; Productivity savings: ~$1B.
Sep. 16, 2015, 11:01 AM
- A statement from Anheuser-Busch InBev (BUD +5%) indicates the company must make a formal offer for SABMiller (OTCPK:SBMRY +19.5%) before October 14 or take a pass on the mega-merger to stay in compliance with U.K. law.
- There's a ripple effect with beer stocks circling the globe that includes distributors such as Compania Cervecerias Unidas (CCU +3.1%), Fomento Economico Mexicano (FMX +1.8%), AmBev (ABEV +2.1%).
- Another intriguing aspect of a potential A-B takeover of SABMiller is the side effects on the food industry if 3G Capital is fully engaged on the deal. 3G is a major player in food mergers and a factor in how investors value companies such as Mondelez International (MDLZ +0.2%), PepsiCo (PEP +0.4%), TreeHouse Foods (THS +0.1%), Campbell Soup (CPB +1.9%), JM Smucker (SJM +1.1%), and other food names.
- A-B InBev statement (.pdf)
- Previously: AB InBev prepping offer for SABMiller
- Previously: Beer stock rally with M&A on tap
Aug. 14, 2015, 1:44 PM
- Nestle (OTCPK:NSRGY, OTCPK:NSRGF) or General Mills (GIS +0.5%) could make a run at Mondelez International (MDLZ +0.9%) with Berkshire Hathaway and 3G effectively taking themselves out of the bidding process for a few years due to the Kraft-Heinz merger, speculates The Deal.
- A buyer of Mondelez will have to be heavy hitter due to the company's estimated enterprise value of +$90B. PepsiCo (PEP +0.3%) fits the bill and has Nelson Peltz backing the play, but has a board and CEO seemingly uninterested.
Aug. 6, 2015, 11:18 AM
- Shares of PepsiCo (NYSE:PEP) are up 1% to reclaim the $100 level for the first time since February.
- The food and beverage giant is now less than a dollar from reaching a 52-week high.
- The investment by Pershing Square in Mondelez International could be a contributing factor as the tantalizing prospect of a snack tie-up with Mondelez stays in the conversation.
- PepsiCo is up 6% since reporting Q2 numbers.
Jul. 9, 2015, 6:56 AM
- PepsiCo (NYSE:PEP) reports organic revenue rose 5.1% in FQ2.
- Developing and emerging market organic revenue increased 11%.
- Foreign exchange translation negatively impacted revenue by 10%.
- Revenue by segment: Frito-Lay North America: $3.45B (+2%); Quaker Foods North America: $546M (-3%); Latin America Foods: $2B (-6%); PepsiCo Americas: $5.34B (+1%); Europe: $2.79B (-24%); AMEA: $1.8B (-4%).
- Frito-Lay North America operating profit increased 7% to $1.01B.
- Total core gross margin grew 115 bps.
- Total core operating margin +60 bps.
- FY2015 Guidance: Organic revenue: mid-single-digit growth; Core tax rate: ~25%; Core EPS: +8%; Net capital expenditure: ~$3B; Productivity savings: ~$1B.
Jul. 9, 2015, 6:32 AM
- PepsiCo (NYSE:PEP): Q2 EPS of $1.32 beats by $0.08.
- Revenue of $15.92B (-5.7% Y/Y) beats by $90M.
- Shares +2.19% PM.
Apr. 23, 2015, 7:04 AM
- PepsiCo (NYSE:PEP): Q1 EPS of $0.83 beats by $0.04.
- Revenue of $12.22B (-3.2% Y/Y) beats by $40M.
- Shares +1.53% PM.
Mar. 26, 2015, 12:37 PM
- Deutsche Bank thinks 3G Capital will be back in the food sector for a major acquisition faster than some other investment firms anticipate.
- 3G put itself in a stronger position to make a major purchase by not adding debt in the Kraft deal.
- Analyst Eric Katzman sees some food names trading with a premium as the 3G shadow hangs over the sector, while others have downside risk with M&A speculation not making as much sense.
- Premium on: ConAgra (NYSE:CAG), General Mills (NYSE:GIS), Mondelez International (NASDAQ:MDLZ), Pinnacle Foods (NYSE:PF), PepsiCo (NYSE:PEP).
- Premium off: Campbell Soup (NYSE:CPB), Hershey (NYSE:HSY), Hormel (NYSE:HRL), Kellogg (NYSE:K), J.M. Smucker (NYSE:SJM).
- Previously: Investors snapping up food stocks (Mar. 25 2015)
- Previously: Beer fallout from Kraft buyout (Mar. 25 2015)
- Previously: Kraft-Heinz merger has a few ETFs on the move (Mar. 25 2015)
Mar. 24, 2015, 11:02 AM
- Beverage stocks break higher as some industry sales tracking is reported to be positive.
- The C-store channel has been vibrant for the sector recently.
- Strong gainers include Keurig Green Mountain (NASDAQ:GMCR) up 2.5% and Monster Beverage (NASDAQ:MNST) with a 2.3% increase.
- Small player Jones Soda (OTCQB:JSDA) is up 7% and Cott (NYSE:COT) continues its stellar 2015 run with a 2.2% rally.
- Even large soda sellers Pepsico (PEP +1.2%), Coca-Cola (KO +0.7%), and Dr. Pepper Snapple (DPS +0.7%) are ahead of broad market averages.
Feb. 11, 2015, 7:20 AM
- PepsiCo (NYSE:PEP) reports organic revenue rose 5% in Q4.
- Organic volume rose 2% for the snacks business and 1% for beverages (same as Coca-Cola).
- Developing and emerging market organic revenue +10%.
- Foreign exchange translation clipped revenue by six percentage points.
- Revenue growth by segment: Frito-Lay North America +3% to $4.37B; Quaker Foods North America -2% to $784M; Latin America Foods -0.5% to $2.80B; PepsiCo Americas +1% to $6.06B; Europe -10% to $3.91B; AMEA +4% to $2.02B.
- Operating profit +5.5% to $1.23B at Frito-Lay North America with no F/X overhang.
- Total core operating margin +15 bps.
- Guidance: 7% EPS growth expected for 2015. F/X is forecast to cut 7 percentage points from growth during the year. Organic growth seen growing at a mid-single digit rate.
- PEP +1.03% premarket
Feb. 11, 2015, 7:05 AM
- PepsiCo (NYSE:PEP): Q4 EPS of $1.12 beats by $0.04.
- Revenue of $19.95B (-0.8% Y/Y) beats by $290M.
- Shares +1.03% PM.
Jan. 7, 2015, 7:12 AM
- Shares of Campbell Soup (NYSE:CPB) and PepsiCo (NYSE:PEP) are on watch after the WSJ reports 3G is discussing trying to acquire a major food company.
- Sources indicate the massive size of PepsiCo deal could prompt a partial buyout or a bid in tandem with Aneuser-Busch InBev (NYSE:BUD).
- PEP +0.8% premarket, CPB inactive.
Oct. 10, 2014, 10:47 AM
- Consumer staples stocks are in favor again with investors taking a defensive posture.
- PepsiCo (PEP +1.6%), Mondelez International (MDLZ +0.6%), Procter & Gamble (PG +1.5%), and Philip Morris (PM +1.4%) are notable out-performers.
- The Consumer Staples Select ETF (NYSEARCA:XLP) is up 1.02% on the day.
Oct. 9, 2014, 10:58 AM
- Consumer staples stocks continue to persevere amid a broad market decline.
- The Consumer Staples Select ETF (NYSEARCA:XLP) is +1.9% over the last 5 days vs. the -1.3% showing of the S&P 500 ETF.
- Today, PepsiCo (PEP +1.5%) is doing some of the heavy lifting following its Q3 earnings report - while a number of meat stocks are also contributing including Pilgrim's Pride (PPC +1.3%), ConAgra Foods (CAG +1.8%), Hormel (HRL +0.7%), Seneca Foods Corp. (SENEA +0.7%), Diamond Foods (DMND +1.1%), Tyson Foods (TSN), and Sanderson Farms (SAFM +0.7%) .
PepsiCo Inc is a food, snack and beverage company. It manufactures, markets, distributes and sells convenient and enjoyable beverages, foods and snacks, serving customers and consumers in more than 200 countries and territories.
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