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PepsiCo Inc. (PEP)

  • Aug. 19, 2014, 2:01 PM
    • PepsiCo (PEP -0.2%) will be the title sponsor for the Super Bowl halftime show for the third year in a row.
    • The show is typically the most-watched musical event of the year in the U.S. and gave PepsiCo significant brand exposure in both 2012 and 2013.
    • Finalists to perform this year are Rihanna, Katy Perry, and Coldplay.
    • PepsiCo has shifted its Super Bowl and NFL advertising in recent years to a "masterbrand" approach which encompasses several months of buildup as opposed to the product-specific pitches from rival Coca-Cola.
    | Aug. 19, 2014, 2:01 PM | Comment!
  • Aug. 13, 2014, 2:02 PM
    • PepsiCo (PEP +0.6%) has been sued for $2B by the descendents of a woman who was the inspiration for the Aunt Jemima brand.
    • The filing also asks for the judge to ban Aunt Jemima syrup and pancake products in parts of Africa.
    • The company says the federal suit filed in Chicago is without merit.
    | Aug. 13, 2014, 2:02 PM | 7 Comments
  • Aug. 13, 2014, 9:59 AM
    • Shares of Chiquita Brands (CQB +1.1%) are now 4.3% higher than the offer price the company received from Cutrale Group and Safra Group as investors bet on a bigger banana buyer showing up down the road.
    • MKM Partners thinks it will take an offer of $16 per share to get Chiquita to bite.
    • PepsiCo (PEP +0.1%) and Fresh Del Monte Produce (FDP) have been thrown out as potential bidders.
    | Aug. 13, 2014, 9:59 AM | 1 Comment
  • Aug. 11, 2014, 8:32 AM
    • PepsiCo (NYSE:PEP) is upgraded to a Buy rating from Neutral at UBS.
    • The investment firm likes the heightened urgency at the multinational and tips PepsiCo to beat consensus estimates in upcoming quarters.
    • Despite some grumpiness from Nelson Peltz over the lack of a PepsiCo split, UBS says having Trian in the background is still a positive.
    • Trian Partners letter to PepsiCo (.pdf)
    • PEP +0.8% premarket
    | Aug. 11, 2014, 8:32 AM | Comment!
  • Aug. 8, 2014, 12:36 PM
    • Research from Moody's indicates diet soda sales are in a protracted slump that could continue.
    • Diet and low-calorie soda sales fell 5% Y/Y in 2013 and the trend has persisted in 2014.
    • Bottled water and energy drinks will provide some of the lost volume as beverage companies adjust, according to Moody's.
    • Related stocks: PEP, KO, DPS, MNST.
    | Aug. 8, 2014, 12:36 PM | 9 Comments
  • Aug. 6, 2014, 1:54 PM
    • A number of consumer staples stocks are in favor with investors as they shift their focus to a defensive posture and dividend yields.
    • Some of the names showing outsized gains include PepsiCo (PEP +1.5%), Clorox (CLX +1.6%), Revlon (REV +1.6%), Colgate-Palmolive (CL +1.5%), Coca-Cola (KO +1.6%), Kraft Foods Group (KRFT +2%), and Procter & Gamble (PG +1.7%).
    • It's no coincidence that the Consumer Staples ETF (NYSEARCA:XLP) is up 0.8% for the day to best market averages.
    | Aug. 6, 2014, 1:54 PM | Comment!
  • Aug. 5, 2014, 4:02 PM
    • Coca-Cola (NYSE:KO) and PepsiCo (NYSE:PEP) plan to offer more mini-can products as a way to stoke volume growth.
    • The category has done well as some consumers replace drinking diet versions of their favorite soda with a smaller-sized bottle or can.
    • A higher mix of mini-can sales is a margin-booster for the companies with the per-ounce revenue almost double for mini cans than regular cans.
    | Aug. 5, 2014, 4:02 PM | 5 Comments
  • Jul. 28, 2014, 3:31 PM
    • A number of consumer goods companies that sell widely to retail chains are under-performing market indexes today after Dollar Tree announced it will buy out Family Dollar.
    • Consolidation in the retail sector could give some leverage to the store chains as their scale broadens, according to Belus Capital Advisors' Brian Sozzi.
    • On watch: PepsiCo (PEP -0.7%), Coca-Cola (KO -0.7%), Kraft Foods (KRFT -0.1%), Procter & Gamble (PG -0.4%), Colgate-Palmolive (CL -0.3%), Energizer Holdings (ENR -0.8%), Kimberly-Clark (KMB -0.3%).
    • Related ETFs: XLP, VDC, FXG, IYK, RHS, FSTA, UGE, SZK
    | Jul. 28, 2014, 3:31 PM | 6 Comments
  • Jul. 24, 2014, 9:58 AM
    • Nelson Peltz’s efforts to shake up Pepsi (PEP +0.9%) have gained the backing of the California State Teachers’ Retirement System, one of the largest pension funds in the U.S., which sent a letter to a senior PEP director urging the company to put Peltz on its board.
    • Peltz’s Trian Partners hedge fund, which owns a 0.8% stake in PEP, has locked horns with PEP management for a year, publicly urging it to separate its snacks and beverage businesses; since then, Trian has met with ~100 of PEP’s largest shareholders.
    • Calstrs has teamed up with Trian in the past and given the hedge fund money to invest in companies on its behalf; it made a co-investment with Trian in Ingersoll-Rand and supported Trian during its proxy fight with Heinz in 2006.
    | Jul. 24, 2014, 9:58 AM | 9 Comments
  • Jul. 23, 2014, 8:29 AM
    • PepsiCo (NYSE:PEP) +2.2% premarket after beating expectations for Q2 earnings and revenues and raising its full-year earnings outlook.
    • PEP now sees FY 2014 EPS of ~$4.53, up 8% Y/Y vs. a prior forecast of 7% growth, and reaffirms revenue guidance of growth in the mid-single digits vs. 2013, based on the strength of YTD results and its outlook for the rest of the year; currency translation effects are expected to have a negative impact of ~4% on 2014 EPS growth.
    • For Q2, volumes in the beverage and snack categories rose 1% and carbonated soft drink volume in the North American market fell 2%, a day after rival Coca-Cola (NYSE:KO) said its North American soda volumes were flat in the quarter.
    • The Americas foods business posted $6.07B in revenue, up less than 1%, as Frito-Lay North America sales rose 1.7%; Latin America foods sales were relatively flat at $2.12B, and Quaker Foods North America sales fell 2.3%.
    • Gross margin rose to 54% from 53%; input costs fell 1.5% to $7.78B.
    | Jul. 23, 2014, 8:29 AM | 2 Comments
  • Jul. 23, 2014, 7:03 AM
    • PepsiCo (NYSE:PEP): Q2 EPS of $1.32 beats by $0.09.
    • Revenue of $16.89B (+0.5% Y/Y) beats by $100M.
    • Press Release
    | Jul. 23, 2014, 7:03 AM | Comment!
  • Jul. 22, 2014, 5:30 PM
  • Jul. 17, 2014, 11:08 PM
    • PepsiCo (NYSE:PEP) declares $0.655/share quarterly dividend, in line with previous.
    • Forward yield 2.91%
    • Payable Sept. 30; for shareholders of record Sept. 5; ex-div Sept. 3.
    | Jul. 17, 2014, 11:08 PM | Comment!
  • Jul. 16, 2014, 4:08 PM
    • Nelson Peltz is still hammering away at PepsiCo (NYSE:PEP) over the need for a breakup of the company.
    • The investor told the audience at CNBC's Delivering Alpha conference that Trian Fund Management has met with other large PepsiCo shareholders with some success.
    • A proxy fight is a possibility, says Peltz.
    | Jul. 16, 2014, 4:08 PM | 8 Comments
  • Jul. 9, 2014, 10:09 AM
    • PepsiCo (PEP +0.2%) CEO Indra Nooyi made an interesting comment on the evolving habits of the U.S consumer during a speech last week at the Aspen Institute (h/t
    • The exec says soda drinkers are moving away from diet products to consume products with real sugar due to concerns over artificial sweeteners.
    • The company maintains its ahead of the curve with real sugar versions of Pepsi and Mountain Dew already on the market.
    | Jul. 9, 2014, 10:09 AM | 6 Comments
  • Jul. 8, 2014, 3:11 PM
    • The soda tax movement could meet its Waterloo in the San Francisco Bay area if tax initiatives in the cities of San Francisco and Berkeley fail to gain enough votes to pass.
    • Beverage industry analysts think a loss in the two cities in November would take the fizz out of the push for a per-ounce tax on soda.
    • The $0.02-per-ounce tax proposal in San Fran would take a two-thirds vote to pass.
    • Beverage giants Coca-Cola (KO), PepsiCo (PEP), and Dr. Pepper Snapple (DPS) haven't take the issue lightly, backing groups which lobby for their side.
    | Jul. 8, 2014, 3:11 PM | 16 Comments
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Company Description
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.