Summary: PepsiCo is in advanced talks to acquire tortilla-chip maker Siete Foods for over $1 billion. The acquisition could be announced soon unless the talks fail.
Full articleSummary: Bank of America lowers its price target for PepsiCo from €190 to €185 due to lowered earnings forecasts and weakness in snack and beverage sales indicators in the US. Morgan Stanley also downgraded their recommendation on the stock to 'in-line weighting' recently.
Full articleSummary: Xponance Inc. increased its holdings in PepsiCo by 3.9% during the 2nd quarter, making it the 29th biggest holding in its portfolio. Several other institutional investors also bought additional shares of PepsiCo. PepsiCo recently reported earnings per share of $2.28 for the quarter, beating the consensus estimate. The company also announced a quarterly dividend of $1.355 per share.
Full articleSummary: ProShare Advisors LLC reduced its holdings in PepsiCo, Inc. by 5.4% during the 2nd quarter according to the recent Form 13F filing. Several other large investors also bought and sold shares of the company. PepsiCo announced a quarterly dividend payment and is expected to post 8.15 EPS for the current year. Wall Street analysts have given mixed ratings for the company, with an average target price of $185.53.
Full articleSummary: Jim Lee has been appointed as the new CFO of Target, effective Sept. 22, 2024. Lee brings over 25 years of experience in finance and strategy, with a focus on leading global finance teams at PepsiCo.
Full articleSummary: Jim Lee steps down from Celsius Holdings Board due to departure from PepsiCo, will be replaced by a new nominee from PepsiCo. Hans Melotte with rich consumer goods background joins the Board until 2025 annual meeting.
Full articleSummary: Target appoints Jim Lee, a PepsiCo veteran, as its new CFO to oversee financial operations amid preparations for the upcoming holiday season.
Full articleSummary: Target Corp hires Jim Lee from PepsiCo as CFO, with a significant compensation package, coinciding with the holiday season hiring of 100,000 workers. The CFO transition is expected to support Target's growth roadmap.
Full articleSummary: Target appoints Jim Lee as its new chief financial officer, succeeding Michael Fiddelke. Jim Lee brings over 25 years of financial, strategy, and business experience from his role as deputy CFO at PepsiCo. Target aims to leverage Lee's expertise in food & beverage for expanding its offerings and value in this category.
Full articleSummary: Target hires Jim Lee from PepsiCo as new CFO, analysts and investors react positively to the news
Full articleSummary: PepsiCo, Inc. (PEP) shares were up 0.3% during mid-day trading after several analysts upgraded the stock to a 'buy' rating. The company announced a quarterly dividend and displayed strong financial performance in the latest earnings report.
Full articleSummary: Pepsico modernizes the look of 7UP to cater to today's consumer tastes, focusing on visual appeal, sustainable practices, and refreshed marketing. The new design aims to be timeless and modern, targeting a younger audience and ensuring brand coherence across different regions.
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