PEP - PepsiCo, Inc.
133.33 0.00 (0.00%)
After hours: 5:04PM EST
| Previous close | 133.29 |
| Open | 133.60 |
| Bid | 133.29 x 800 |
| Ask | 133.32 x 1400 |
| Day's range | 132.74 - 133.91 |
| 52-week range | 105.03 - 140.45 |
| Volume | 1,592,595 |
| Avg. volume | 3,668,373 |
| Market cap | 185.915B |
| Beta (3Y monthly) | 0.57 |
| PE ratio (TTM) | 15.17 |
| EPS (TTM) | 8.79 |
| Earnings date | 13 Feb 2020 |
| Forward dividend & yield | 3.82 (2.87%) |
| Ex-dividend date | 2019-09-05 |
| 1y target est | 139.67 |
- Yahoo Finance
How this CBD company created a buzz by 'kind of making fun of millennial culture'
Ask Benjamin Witte about Recess, and one of the first places he’ll send you is the company’s Instagram page.
- Yahoo Finance
Walmart's stock is trading at a record high and one sentence reveals why
The world’s largest retailer’s third quarter results on Thursday showed that yet again, CEO Doug McMillon continues to pull almost all the right strings operationally.
- Zacks
CCHGY vs. PEP: Which Stock Should Value Investors Buy Now?
CCHGY vs. PEP: Which Stock Is the Better Value Option?
- Zacks
Should You Invest in the Fidelity MSCI Consumer Staples Index ETF (FSTA)?
Sector ETF report for FSTA
- Bloomberg
Trump Nears Defining Hour as Case Goes Public
(Bloomberg) -- Want to receive this post in your inbox every day? Sign up for the Balance of Power newsletter, and follow Bloomberg Politics on Twitter and Facebook for more.Congressional Democrats have a tall order ahead.Their challenge, at the start of public impeachment hearings today against President Donald Trump, is to shift public opinion in an already-polarized nation.Americans are roughly split on whether Trump should be removed from office for allegedly pressuring Ukraine to dig up dirt on his chief Democratic rival, Joe Biden. Unlike the Watergate scandal, though, TV, radio and social media more openly cater to the right or left and will spin the events furiously.Democrats led by House Intelligence Chairman Adam Schiff are hoping people will turn against Trump after watching veteran U.S. diplomats say he tied aid to Ukraine to it probing Biden and his son Hunter over business dealings there. Republicans argue there was no explicit quid pro quo and, even if it there was, that it’s not an impeachable offense.Expect the hearings to get testy given the bitterly partisan climate. In the end, while the House is expected to vote for impeachment, chances the Republican-controlled Senate will agree are remote.A defiant Trump may suffer political damage and the Democrats will face charges the process was a waste of time and money.But as the 2020 election campaign gathers steam, both sides will probably end up where they started: all square.Global Headlines“Unthinkable” consequences | Hong Kong announced it would close public schools as officials — along with China’s state media — warned of consequences from the violence that’s rocked the city for days. Still, further rallies are expected tonight after activists disrupted the morning rush-hour commute and held demonstrations in the glitzy financial center in the afternoon.Latin America crises | Bolivian opposition Senator Jeanine Anez declared herself interim president to replace socialist leader Evo Morales. She has the backing of Carlos Mesa, the runner-up in a disputed October election, while Morales supporters continue to clash with police. Morales has fled to Mexico as nations in the region take sides over his ouster.Chile’s President Sebastian Pinera called for a national agreement on peace and a new constitution as security forces struggled to control protests across central Santiago. It was some of the worst violence Chile has seen since civil unrest erupted on Oct. 18.Digging in | The French government is bracing for major strikes next month over planned pension reforms — which risk morphing into a renewal of the “Yellow Vest” mass unrest. While Prime Minister Edouard Philippe told Bloomberg yesterday the government won’t delay the changes, he did indicate it may be prepared to sweeten the deal for unions.Read here for Philippe’s view on European bank consolidation and the call by German Finance Minister Olaf Scholz for a banking union.Putin’s shadow | Trump and Turkish President Recep Tayyip Erdogan both got what they wanted in northern Syria last month, but when they meet at the White House today, the next critical issue up for discussion might be harder to crack. As Selcan Hacaoglu reports, Turkey’s deployment of a Russian missile-defense system shows President Vladimir Putin is enjoying some success in driving a wedge between NATO and Turkey.Climate debate | Australia’s record on tackling climate change is getting tougher to defend for Prime Minister Scott Morrison as bushfires ravage the east coast. His government refuses to discuss whether global warming has contributed to a longer dry season: One lawmaker even questioned if environmentalists had increased the threat of the fires that have killed three people and destroyed around 2.5 million acres of farmland and bush.What to WatchTrump warned yesterday the U.S. will increase tariffs on China if they can’t agree on the first step of a broader trade agreement, but also said they’re close to an initial deal. Lebanon faces more violence after President Michel Aoun told anti-government demonstrators to go home yesterday, provoking unrest in which one man was killed. Floods in northern England have forced hundreds of people from their homes, prompting Prime Minister Boris Johnson to deploy troops as his Conservatives vie for votes in the region in next month’s elections. Spain’s long-stalled politics are moving again after acting Prime Minister Pedro Sanchez sealed a pact with rival Pablo Iglesias to form a government. Click here to see what happens next.Tell us how we’re doing or what we’re missing at balancepower@bloomberg.net.And finally ... Among Lagos’s 21 million residents dealing with shortages of everything from water to electricity and decent roads, the concept of formal recycling isn’t widespread. But informal collectors of PET (polyethylene terephthalate) bottles are finding they can earn serious money. As Yinka Ibukun explains, that’s led regulators, sustainability groups, and representatives of the local units and distributors of Coca-Cola, Nestlé, and PepsiCo to hash out a standard allowing drinks companies to package products in recycled plastics. \--With assistance from Karen Leigh.To contact the author of this story: Karl Maier in Rome at kmaier2@bloomberg.netTo contact the editor responsible for this story: Michael Winfrey at mwinfrey@bloomberg.net, Rosalind MathiesonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Amazon Confirms Plans for Store Under New Grocery Brand
(Bloomberg) -- Amazon.com Inc. plans to launch a new supermarket brand distinct from the Whole Foods Market chain the company acquired two years ago, a sign of the retail giant’s hunger for a slice of the grocery market beyond high-end organic food.The company has posted four job listings for “Amazon’s first grocery store” in the Woodland Hills neighborhood of Los Angeles. An Amazon spokeswoman confirmed the listings, and said the store would open in 2020. The brand will be distinct from Whole Foods and will have a conventional checkout line, unlike the cashierless Amazon Go convenience stores, she said. Amazon’s plans for the store were reported earlier by CNET.The e-commerce company purchased Whole Foods in a splashy $13.7 billion deal two years ago, but has yet to make much headway in the $900 billion U.S. grocery industry. The Whole Foods brand, finicky about what is allowed on store shelves based on its healthy image, clashes with Amazon’s desire to give customers whatever they want. Amazon rival Walmart Inc., which captures about 25% of all U.S. grocery spending, sells items such as Pepsi and Cheetos that shoppers can’t find at Whole Foods. Grocery industry analysts have speculated that Amazon might branch out with a new store where such products won’t be seen as betrayal to the brand.Online grocery shoppers prefer in-store pickup options to home delivery by nearly a 2-to-1 margin, and Amazon needs more stores to meet that growing demand, said David Bishop, a partner with research firm Brick Meets Click. In-store pickup requires more stores closer to shoppers -- about 3 to 5 miles from their homes -- than grocery delivery services, he said.“The reason Amazon needs to expand its physical footprint is an accelerated demand for grocery pickup service as opposed to delivery,” he said. “Shoppers have a greater sense of control when they pick up their groceries at the store in a secure location rather than worrying about it being left at their house.”Amazon’s sales from physical stores, the vast majority of which are purchases at Whole Foods stores, declined 1.3% from a year earlier to $4.19 billion in the third quarter. Amazon said the total doesn’t include online sales from Whole Foods, but the Seattle-based company doesn’t break out that figure.Woodland Hills is an upscale suburban neighborhood in the San Fernando Valley. The Wall Street Journal reported earlier this year that Amazon planned to open dozens of grocery stores under a new brand, starting with an outpost in Los Angeles.(Updates with analyst’s comment in fifth paragraph)To contact the reporters on this story: Matt Day in Seattle at mday63@bloomberg.net;Spencer Soper in Seattle at ssoper@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Yahoo Finance
CBD beverage founder: 'I want to be regulated'
Not nearly enough legislative ink has been spilled over the booming CBD industry, according to Benjamin Witte.
- Yahoo Finance
Coca-Cola launches its biggest new drink in 10 years
Coca-Cola gets into the surging seltzer market. Here's what they are launching.
- Bloomberg
Green Bonds Get Rubber-Stamped as Investors Question the Label
(Bloomberg) -- Global investor enthusiasm for saving the planet has helped spur record issuance of green bonds. It’s also driving a surge in third-party verification that proceeds from the debt sales are actually destined for environmentally friendly projects, as fears of “greenwashing” mount.There have been about 480 green bonds issued by companies and governments so far this year with some form of assurance, a record high, according to data compiled by Bloomberg. That’s about 80% of all the green debt sold, and PepsiCo Inc. and Starbucks Corp. are among those paying independent reviewers for certification.“If we say something is sustainable, when our clients look under the hood it has to live up to that reputation,” said Mark Haefele, chief investment officer at UBS Wealth Management, which buys green bonds. Asset managers are concerned about lack of definition of what’s truly green, Haefele -- whose firm manages $2.5 trillion in assets -- said in an interview.Borrowers don’t have to prove proceeds will be used for a particular purpose, though second opinions can help sell bonds at a time when issuance is surging. Companies and governments typically align offerings with green bond principles and standards endorsed by the International Capital Market Association and Climate Bonds Initiative. But misleading claims about environmental benefits of projects are on the rise, making assurance and second opinions increasingly important to investors.“It really comes down to credibility,” said Heather Lang, executive director of sustainable finance solutions at Sustainalytics, which sells second opinions to green bond issuers. “Borrowers want to ensure the frameworks they put in place focusing on the green use of proceeds are aligned with global guidelines,” she said in a phone interview.Sustainalytics issued 35% more second-party opinions for green bonds in the third-quarter of this year compared to the same period a year ago. That included a 20-page opinion on Verizon’s green bond framework before the phone giant sold $1 billion in green bonds in February.The benefit of getting the second party opinion outweighed the cost, according to Kee Chan Sin, Verizon’s assistant treasurer.“It’s important to tie the green bond back to Verizon’s commitment to certain things like renewable energy and carbon neutral,” said Sin in a phone interview. “For some companies it might be expensive but for us it is money well spent.”What’s Green?Borrowers are taking advantage of the varying interpretations of green finance. Spanish refiner Repsol SA became the first major oil company to sell green bonds when it raised 500 million euros ($559 million) to help cut greenhouse-gas emissions and make its facilities more efficient in May 2017. That raised greenwashing concerns and led the Climate Bonds Initiative to exclude the debt from its database.Pepsi’s $1 billion green bonds -- marked for projects like sustainable plastics and packaging -- may be excluded from the Climate Bonds Initiative database if the company doesn’t provide more information on plastics. Bloomberg LP, the parent of Bloomberg News, also provides a green bond classification.Some borrowers are going a step further and asking auditors to review the use and management of proceeds, as well as reporting after the bond is issued. Assurance that funds raised are being allocated to the right projects could help the market grow, said Kristen Sullivan, sustainability and KPI services leader at Deloitte, which provides assurance to green bond issuers.Some investors are also doing their own audits.Large bond funds like Nuveen, which manages over $11 billion in responsible investing fixed-income strategies, are coming up with their own guidelines for identifying green bonds. The fund opted not to buy Verizon’s green debt because of “concerns around the lack of clarity on impact reporting and potential inclusion of 5G,” said Jessica Zarzycki, a co-manager of responsible investing fixed-income strategies at Nuveen.“You have to make sure what the issuer is promising is really what you are getting and everybody needs to do their homework,” said Zarzycki in a phone interview. “We’ve seen bonds that are labeled green and have second-party opinions where they don’t fit typically to our framework.”\--With assistance from Olivia Whalen, Bloomberg Global Data.To contact the reporter on this story: Caleb Mutua in New York at dmutua@bloomberg.netTo contact the editors responsible for this story: Nikolaj Gammeltoft at ngammeltoft@bloomberg.net, James Crombie, Allan LopezFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- GlobeNewswire
Enjoy Infinite Hydration In Style with New Drinkfinity Bottle
Today, Drinkfinity announced the relaunch of their brand including the release of a new all-in-one stainless steel water bottle, available in five colors, plus three new low calorie, flavor-packed caffeine pods. To realize this vision, they created a hydration system in the form of a reusable water bottle and pods, thereby helping to provide infinite hydration. Through its unique duality, Drinkfinity enables you to effortlessly enjoy either plain water or pop a juice-based pod to plus up your water.
- Yahoo Finance
McDonald's has a new CEO: 3 quick facts about him
McDonald's CEO Steve Easterbrook has been ousted after an inappropriate relationship with an employee. Here's what we know about the new guy atop the Golden Arches.
- Zacks
PepsiCo (PEP) Down 0.6% Since Last Earnings Report: Can It Rebound?
PepsiCo (PEP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Bloomberg
Bottlers Want to Profit From Your Tap Water
(Bloomberg) -- Over the past four decades, consumers around the world have chugged trillions of bottles of water from brands such as Perrier, Evian, Dasani, and Aquafina. Few realize that most of what they pay for is plastic and time on a truck. Companies typically get the water for free or just a nominal fee, and bottling the stuff and getting it to consumers—as well as advertising it—accounts for the bulk of their costs.Today, increasing concern about the carbon and plastic waste generated by that process is fueling a backlash that threatens the business. Across the industry, sales are softening and some towns are even banning plastic water bottles—spurring producers to respond with alternatives ranging from canned water to flavor pods for tap water to dispensers that sell sparkling and flavored mixes.“The waters business has to cope with a number of sustainability issues that are becoming increasingly important,” Nestle SA Chief Executive Officer Mark Schneider told analysts in October.Until the 1970s, bottled water was mostly sold in limited areas by European companies that tapped springs in the Alps. Then in 1973, DuPont patented PET plastic bottles, which were cheaper, lighter, and stronger than the glass that had been the industry standard. Combined with the rapidly globalizing economy, PET allowed water sellers to ship their wares much farther, opening up new markets. Bottlers sprung up in just about every country and the likes of Nestle, Coca-Cola, and PepsiCo added water to their portfolios, helping boost global revenue in the business to $130 billion last year, according to researcher Euromonitor.These days, things aren’t quite so bubbly as consumers grow increasingly aware of their carbon footprint. Danone, the maker of Evian, on Oct. 18 reported its biggest decline in quarterly water revenue in a decade. That same day, Coca-Cola Co. said water sales were lower than it expected.With shipments headed for a second annual decline, Nestle is reorganizing its bottled water business. Buffeted by lower-price rivals and high transport costs, Nestle raised prices—which sapped sales of its mass-market offerings such as Poland Spring and Pure Life as consumers shifted to cheaper generic brands. CEO Schneider has said the company wants to focus instead on higher-end products such as flavored and sparkling waters like its Perrier and San Pellegrino brands.More than 80 U.S. colleges and a handful of municipalities have restricted sales of bottled water. In Concord, Mass., it’s illegal to sell still water in small plastic bottles, and San Francisco bars such sales on city property. In the U.K., a non-profit called City to Sea has introduced an app that points thirsty users to places where they can get free water—with a pledge from chains such as Starbucks and Costa to refill bottles at no cost.“Producers face a real risk from the environmental movement, which has strong support among young people,” says Alain Oberhuber, an analyst at Mainfirst Bank, who predicts a sharp decline in sales of bottled water over the next two decades. “They know they have to do something.”With bottled water now outselling carbonated soft drinks in the U.S., one part of that “something” is aluminum cans filled with water. Coke introduced cans of Dasani in the northeast U.S. this year and plans to try selling it in aluminum bottles in 2020. Pepsi has been selling canned Aquafina at restaurants and stadiums and is testing it in stores. And Danone is trying the idea with local brands in Britain, Denmark, and Poland.The soda giants are also seeking to monetize consumption of tap water. Pepsi last year paid more than $3 billion for SodaStream, which produces systems for making fizzy water at home. And Pepsi has introduced a brand called Drinkfinity, which sells pods that attach to reusable bottles to infuse tap water with caffeine, vitamins, or electrolytes in a variety of flavors. Coke is rolling out a water dispenser it calls Dasani PureFill, which allows consumers to refill their bottles with free filtered water and gives the option of adding flavors or carbonation for about $1 for a 20-ounce bottle. The company is planning to test the idea—and various prices—at roughly 100 locations such as offices, hospitals, and colleges.Nestle next year plans to introduce a dispenser it calls Refill Plus, which filters tap water and can add flavors and varying levels of carbonation, and it’s working on a paper-based bottle that it says is fully biodegradable. Danone is exploring refill stations but for now is focusing on the home market with a new device that dispenses Evian delivered in balloon-like spheres that use less plastic than bottles.Producers are counting on such initiatives to appeal to consumers who consider branded water healthier than tap. Howard Telford, head of soft drinks at Euromonitor, says such efforts will have only a marginal effect on the industry’s carbon footprint. But he says adding extras such as flavorings and fizz may help shore up profits for the likes of Coke, Nestle, and Pepsi.“It points to a future,” Telford says, “where flavor, carbonation, and functional additives—rather than disposable packaging and simple convenience—could be the main value drivers in packaged water.”To contact the authors of this story: Thomas Mulier in Geneva at tmulier@bloomberg.netCorinne Gretler in Zurich at cgretler1@bloomberg.netTo contact the editor responsible for this story: David Rocks at drocks1@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Yahoo Finance
The stock market is at a record high and it's unbelievable
Stock prices are touching new records and it's amazing considering all the negative news on trade and economy this year.
- Yahoo Finance
How Coca-Cola will fix its bottled water problem
Beverage giant Coca-Cola looks to rejuvenate its important bottled water business in the United States.
- Market Realist
Coca-Cola Stock: Why UBS Is So Upbeat
The Coca-Cola Company (KO) stock rose 1.5% on October 23 following a rating upgrade by UBS. It upgraded its rating for the stock to “buy” from “neutral.”
- Yahoo Finance
A recession could mean big business for McDonald’s: strategist
Bruderman Asset Management Chief Market Strategist Oliver Pursche tells Yahoo Finance’s On the Move why an economic downturn could be good for McDonald's.
- Yahoo Finance
US consumers are alive — Here's proof there is no recession
Third quarter earnings reports are starting to pile up. Here's a quick read on the health of the U.S. consumer amid talk of a recession in early 2020.
- Bloomberg
For UPS, Being Better Than FedEx Isn’t Enough
(Bloomberg Opinion) -- United Parcel Service Inc. is offering everything to investors that FedEx Corp. isn’t, and that’s still seemingly not enough.The package-delivery company on Tuesday reported better-than-expected third-quarter earnings and maintained its full-year profit outlook. That’s a sharp contrast to FedEx’s bruising guidance cut just over a month ago, which the company blamed on a weakening global economy, and analysts blamed on idiosyncratic foot faults. UPS is trimming its capital expenditure budget by $500 million this year and next year, which will help boost its 2019 free cash flow to more than $4 billion. FedEx, meanwhile, is on track to burn cash in fiscal 2020 and Moody’s Investors Service Inc. recently lowered its outlook for the company’s credit rating. Management’s decision to nevertheless leave its $5.9 billion spending budget intact has left investors scratching their heads — particularly because the billions it has spent so far don’t appear to be yielding results.UPS on Tuesday reported another quarterly improvement in its adjusted operating margin, a sign that its own push to invest in newer planes and automated systems is paying off as it manages a deluge of less profitable e-commerce shipments. And yet, the stock fell more than 4% in early trading. The problem is, as much as UPS is widening the execution gap between itself and FedEx, it can’t escape the weakening macroeconomic backdrop.Revenue in the third quarter was marginally weaker than analysts had been expecting, and UPS warned that its profit guidance was contingent on “no further deterioration” in global trade uncertainty or U.S. industrial weakness. No one really knows what’s going to happen with trade relations. President Donald Trump signaled this week that negotiations over a partial deal with China are progressing and could lead to a signed agreement by November, but there’s little indication that the existing tariffs will be rolled back. I, for one, wouldn’t be willing to bet against a further slowdown in manufacturing, given declining shipment volumes at the railroads in the third quarter and decelerating sales growth at the likes of industrial distributor Fastenal Co.Drilling down into UPS’s results, there’s a variety of other nitpick items that take on more importance in a weaker economy. For example, while unit costs improved by 2.5% on an adjusted basis in the U.S. domestic division, the average amount of revenue UPS collected per package in that business declined by about 1%. The third quarter brought a surge in volumes, with FedEx’s decision to stop carrying packages for Amazon.com Inc. in the U.S. likely driving more of the e-commerce giant’s packages to UPS. A weakening yield will raise questions about how profitable that business can ultimately be for UPS, and whether it made the right decision by sticking with a customer that’s also increasingly a competitor.Adding to the jitters, UPS also announced on Tuesday that Jim Barber, chief operating officer and the heir apparent to CEO David Abney, was stepping down. Barber’s departure is a surprise, and it’s always going to raise eyebrows when a leadership change is announced without the simultaneous appointment of a successor. That being said, Abney has made an effort to shake up UPS’s staid culture by bringing in more executives from the outside. Earlier this year, UPS hired a PepsiCo Inc. executive, Brian Newman, to be its chief financial officer. Abney hired his chief transformation officer from Walmart Inc., his chief marketing officer from Xerox Corp. and his supply-chain solutions leader from logistics company DB Schenker. So the departure of Barber, a nearly 35-year veteran, would seem to be setting up an appointment in a similar vein. Grooming an outsider to succeed Abney would further differentiate UPS from FedEx, which is still run by founder Fred Smith and whose top executives have all been there for decades and act like it.UPS is moving in the right direction, even if the economy isn’t.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Yahoo Finance
P&G CFO reveals how Tide maker blew away Wall Street profit estimates
It was another big quarter for consumer products giant P&G. Yahoo Finance speaks with CFO Jon Moeller.
- Yahoo Finance
Coca-Cola making its biggest change since 1892 and investors love it
Coca-Cola focusing more on drinks beyond its trademark full-calories soda. And investors generally like the move.
- Market Realist
Coca-Cola Earnings: Increased Sales Drove Its Stock
Coca-Cola had an impressive sales performance in the third quarter. The company’s third-quarter revenues benefited from higher organic sales.
