Thu, Mar. 26, 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)
Tue, Mar. 24, 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.
Wed, Feb. 11, 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
Wed, Feb. 11, 7:05 AM
Wed, Jan. 7, 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%) .
Oct. 9, 2014, 7:19 AM| 1 Comment
Oct. 7, 2014, 8:37 AM
- Shares of Keurig Green Mountain (NASDAQ:GMCR) are higher in early action despite a soft read from SodaStream (NASDAQ:SODA) on demand for home beverage systems.
- A strong initiation from Goldman Sachs on the stock is helping to offset any concerns on the category.
- Coca-Cola (NYSE:KO) has its eyes on the developments with its 10-year Keurig Cold partnership kicking off in 2015.
- If it's true that PepsiCo (NYSE:PEP) and Starbucks (NASDAQ:SBUX) have interest in SodaStream - there's some number-crunching going inside the C-suites there.
- GMCR +2.1% premarket, SODA -17.5%.
Aug. 25, 2014, 9:01 AM
- Shares of PepsiCo (NYSE:PEP) are higher in early action after Barron's stokes up the snacks-beverages split discussion again with a cover story.
- Though the reasons for a business separation cover old Nelson Peltz ground, the piece makes the point that PepsiCo has been responding to the investor pressure through deeper cost-cutting and efficiency initiatives.
- PEP +1.1% premarket
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. 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
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. 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.
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
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%
PEP vs. ETF Alternatives
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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