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PepsiCo Inc. (PEP)

  • May 20, 2014, 7:15 PM
    • The U.S. regulator approves advantame, the sixth sugar substitute to get the agency's blessing. It can used as a tabletop sweetener or as an ingredient in cooking by virtue of its stability at high temperatures.
    • The approval was based on the results of 37 animal and human studies submitted by the manufacturer.
    • Advantame is chemically similar to aspartame (Equal). People with the genetic disorder phenylketonuria have difficulty metabolizing phenylalanine, a component of both aspartame and advantame. Food containing aspartame must be labeled as such. The amount of advantame needed to achieve a similar level of sweetness as aspartame is much less so no special labeling will be required.
    • The last sweetener cleared by the FDA was neotame (Newtame) in 2002.
    • Just a few related tickers: (PG) (PEP) (KO) (GIS) (K)
  • May 19, 2014, 10:31 AM
    • PepsiCo (PEP -1%) CEO Indra Nooyi tells CNBC it's a "mystery" as to why diet soda sales are down.
    • The exec also hinted that the company will enter the home beverage machine category. The development will be closely watched by SodaStream (SODA -1.1%) investors.
    • Nooyi also sees big upside with the launch of the Spire dispenser machine.
  • May 19, 2014, 8:49 AM
    • PepsiCo (PEP) extends its sweet-taste collaboration agreement with Senomyx (SNMX) through August 2016. PepsiCo will maintain its exclusive worldwide rights to the Senomyx sweet flavor ingredients developed under the collaboration for use in non-alcoholic beverage categories. Senomyx will be entitled to continued research funding from PepsiCo, milestone payments based upon the achievement of predetermined goals and royalties.
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  • May 16, 2014, 10:22 AM
    • PepsiCo (PEP +0.5%) has unveiled a new self-serve beverage dispensing machine called Spire which looks like a formidable challenger to Coca-Cola's Freestyle dispenser.
    • The Spire machine has a sleeker and more modern look than Freestyle and uses a bag-in-box system which could be a margin-booster. Similar to the Freestyle machine, consumers can mix their favorite Pepsi drinks through touchscreen instructions.
    • What to watch: Pepsi Spire will roll-out throughout this year and will challenge for placements at retail outlets and restaurant chains. Early reviews from industry watchers have been favorable.
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  • May 15, 2014, 6:56 AM
    • PepsiCo (PEP) has a "huge corporate bureaucracy" which has taken down it down a path of underperformance, according to Trian Partners.
    • Trian is one of the more vocal shareholder groups backing a plan to see Pepsico's snacks and beverage businesses separate.
    • The hedge fund's latest rant was made at the SkyBridge Capital SALT 2014 investment conference.
  • May 14, 2014, 10:29 AM
    • move last month by Chobani to relocate to Delaware looks like an indication the company may file an IPO in the U.S.
    • A public launch by Chobani could help it create new growth channels, including yogurt-inspired stores.
    • It also would give it a little more muscle to take on advertising heavyweights such as General Mills (GIS), Danone (DANOY), and Muller-PepsiCo (PEP) in the yogurt space.
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  • May 14, 2014, 7:55 AM
    • SodaStream (SODA) is in focus after a stumble in the U.S. drives home that the company is having some trouble penetrating the region to the same degree as other markets.
    • Guidance from SodaStream is for a FY14 revenue to increase by 15% to $647.11M vs. $639.3M consensus.
    • The company sees FY14 net income improving by 3% Y/Y to $42M.
    • What to watch: Weakness by SodaStream in the U.S. is almost sure to drive out more speculation on a major beverage player buying out the Western Europe juggernaut. Pepsico (PEP) and Starbucks (SBUX) top the list.
    • SodaStream earning call webcast 7:30 EST.
    • SODA -3.3% premarket
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  • May 6, 2014, 8:06 PM
    • PepsiCo Inc. (PEP) declares $0.655/share quarterly dividend, 15% increase from prior dividend of $0.5675.
    • Forward yield 3.07%
    • Payable June 30; for shareholders of record June 6; ex-div June 4.
  • Apr. 22, 2014, 10:54 AM
    • Chobani plans to move into more food categories in the U.S. to diversify away from a yogurt-only portfolio.
    • The company will sell desserts and oatmeal products in an effort to hit all three dayparts.
    • What to watch: Chobani's growing influence in the U.S. is expected to challenge Danone (DANOY), General Mills (GIS), Post Holdings (POST), and PepsiCo (PEP) in various categories with its brand thriving. An investment from a P-E firm could help Chobani aim quite high.
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  • Apr. 22, 2014, 8:01 AM
    • PepsiCo (PEP) looks like a more attractive investment than Coca-Cola to CLSA's Caroline Levy.
    • The analyst points to the company's strong performance in the Americas and the U.K. compared to its rival.
    • Management at PepsiCo has also drawn praise for striking a fine balance between cost-cutting and effective marketing.
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  • Apr. 17, 2014, 9:45 AM
    • Execs with PepsiCo (PEP +0.3%) say they expect the company to squeeze out close to 30 bps of margins gains a year on productivity improvements. When combined with estimates for mid-single digit top-line growth, EPS is forecast to move along briskly.
    • There is a "reasonable expectation" that buybacks will continue beyond 2014 at a similar pace.
    • Increased advertising at Frito-Lay North America should pay off as the brands entrench themselves.
    • CEO Indra Nooyi take on a question on CEO succession by noting that a talent model is in place to ensure any emergency contingency is covered, although she makes it clear her goal is to stay on for a while. "I am still in the chair," declares Noori.
    • Not even a hint that PepsiCo is the rumored buyer of shares of SodaSteam (SODA +1%).
    • Earnings call webcast
  • Apr. 17, 2014, 7:59 AM
    • Retail analysts note that the broad sales gains PepsiCo (PEP) made in Q1 driven by its snacks business makes the beverage focus at Coca-Cola (KO) look that much more uninspiring.
    • The Frito-Lay North America division at PepsiCo was able to grow organic revenue by 4% during Q1 and even take a percentage point of net pricing gain amid a tough retail pricing atmosphere.
    • Premarket: KO -0.2%, PEP +2.4%
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  • Apr. 17, 2014, 7:16 AM
    • PepsiCo (PEP) reports it delivered 4% or better organic revenue growth in every business unit during Q1.
    • Organic revenue growth in developing and emerging markets was 9% during the quarter.
    • Soft drink volume in North America was down 1%, while non-carbonated beverage volume was up 2%.
    • The company's gross margin rate rose 40 bps on productivity gains. PepsiCo says it's still on track to deliver $1B in productivity gains this year.
    • PEP +1.3% premarket
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  • Apr. 17, 2014, 7:03 AM
    • PepsiCo (PEP): Q1 EPS of $0.83 beats by $0.08.
    • Revenue of $12.62B (+0.3% Y/Y) beats by $190M.
    • Press Release
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  • Apr. 17, 2014, 12:05 AM
  • Apr. 16, 2014, 5:30 PM
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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.