One Reason to Invest in PepsiCo (PEP) Stock That Has Remained Valid for Over 50 Years
PepsiCo’s Dividend and Investment Potential PepsiCo recently announced an impressive dividend yield of 4.1%. The company has increased its dividend payments for over 50 consecutive years. Despite facing various challenges, PepsiCo is actively working to improve its situation. There are plenty of reasons why I find PepsiCo (NASDAQ: PEP) to be a worthy long-term investment […]
Elliott Management invests $4 billion in PepsiCo
Elliott Investment Management has taken a significant step by acquiring a $4 billion stake in PepsiCo. This move, spearheaded by billionaire Paul Singer, aims to boost the company’s share price. This news first surfaced in The Wall Street Journal, highlighting that Elliott is one of PepsiCo’s major investors, which contributed to a 6% rise in […]
FTC dismisses PepsiCo price-fixing case, criticizes the agency’s former leader
FTC Dismisses Lawsuit Against PepsiCo On Thursday, the Federal Trade Commission, led by Republicans, decided to dismiss a lawsuit aimed at PepsiCo. This legal action, which was initiated in January, accused PepsiCo of giving Walmart an unjust pricing edge, thereby harming other suppliers and consumers. The lawsuit invoked the seldom-enforced 1936 Robinson Patman Act. At […]
Stocks making the biggest moves midday: PepsiCo, Texas Instruments, ServiceNow, IBM and more – CNBC
Check out the companies making headlines in the midday trading: Hasbro – Toymaker surged 16.3% after the company’s first quarter report beat expectations. Hasbro earned $1.04 per share, excluding items, earning $887.1 million. The analyst voted by FactSet was 67 cents in earnings per share and earnings of $771.1 million. Hasbro added that it has […]
PepsiCo to buy Poppi for nearly $2B
Steak 'n Shake COO Daniel Edwards joins “Fox & Friends” to discuss companies that are switching from fried food to beef fat in vegetable oil. PepsiCo announced Monday that it will acquire prebiotic soda brand Poppi for $1.95 billion as the food and drink giant attempts to capitalize on growing consumer demand for healthy products. […]
PepsiCo buying prebiotic soda brand Poppi for nearly $2B
PepsiCo said Monday it would buy prebiotic soda brand POPPI for $1.95 billion and expand into the “healthier soda” category as it fights lower demand for traditional drinks and snacks. PepsiCo shares rose 1.5% in morning trading. Young Americans are increasingly turning to healthier sodas and energy drinks as part of a broader shift towards […]
PepsiCo closing NY factory that makes PopCorners, lay off nearly 300
Pepsico has announced that it will close its Hudson Valley manufacturing facility, which makes popcorn snacks. As a result, nearly 300 people lost their jobs. The decision to close New York's freedom marks the end of the era of plants, which has been a key employer in the area for nearly 30 years. PepsiCo spokesman […]
Stocks making the biggest moves premarket: Pfizer, PepsiCo, Palantir, Merck & more – CNBC
Check out the company making headlines in front of the bell. Pfizer -Pharmaceutical stock has added 1.8 % to the fourth quarter results exceeding expected. The Pfizer reported 63 cents per share with a profit of $ 17,760 million. Analysts voted by LSEG estimated 47 cents per share for $ 17.36 billion. Pepsico -Pepsi's fourth […]
PepsiCo sued by Richard Montañez over Flamin’ Hot Cheetos invention claim
A spicy debate may soon be resolved in court: Who invented Flamin’ Hot Cheetos? A former PepsiCo executive is suing the company, claiming that he destroyed his career after questioning its claim that he invented a flavor for the popular snack Cheetos. PepsiCo said Thursday it would not comment on the lawsuit, which was filed […]
PepsiCo revenue disappoints as inflation-battered customers cut back
PepsiCo Inc.’s second-quarter profit soared but sales fell short of Wall Street expectations as cash-strapped customers cut spending on snacks amid rising inflation. The junk-food conglomerate, which owns brands including Pepsi, Frito-Lay, Quaker and Gatorade, also lowered its forecast for fiscal 2024, predicting organic revenue growth of 4%. While that figure technically meets PepsiCo’s original […]