Key Developments: PepsiCo Inc (PEP)
82.57USD
18 Jun 2013
$0.02 (+0.02%)
$82.55
$82.37
$82.69
$82.00
3,356,009
5,171,866
$84.78
$67.39
Latest Key Developments (Source: Significant Developments)
PepsiCo Inc Denies In Talks To Buy SodaStream International Ltd-Reuters
Reuters reported that PepsiCo Inc denied a published report that it was in talks to buy Israel's SodaStream International Ltd, whose machines make carbonated drinks from tap water. Full Article
PepsiCo Inc Denies In Talks To Buy SodaStream International Ltd-Reuters
Reuters reported that PepsiCo Inc has denied a published report that it was in talks to buy Israel's SodaStream International Ltd, whose machines make carbonated drinks from tap water. The Calcalist, an Israeli financial newspaper, reported that PepsiCo has made an offer through Goldman Sachs to buy SodaStream for $2 billion. A PepsiCo spokesman told Reuters on June 6, 2013 that 'the rumor is untrue' and reiterated the Company's position that it sees no need for large acquisitions. Officials at SodaStream were not immediately available for comment. Full Article
PepsiCo Inc In Talks To Buy SodaStream International Ltd For $2 Billion-Reuters
Reuters reported that PepsiCo (PEP.N) is in talks to buy Israel's SodaStream International, whose machines make carbonated drinks from tap water, for $2 billion. Estimates are that PepsiCo is willing to go even higher than $2 billion and might agree to pay as much as $95 per share. PepsiCo has already made an offer to buy SodaStream through Goldman Sachs. Full Article
PepsiCo Inc Declares Annual Dividend Increase
PepsiCo Inc announced that it declared a 6% increase in the Company's annual dividend, from the current annual rate of $2.15 to $2.27 per share on PepsiCo common stock. It is the company's 41st consecutive annual dividend increase. The quarterly dividend of $0.5675 is payable on June 28, 2013, to shareholders of record as of June 7, 2013. Full Article
PepsiCo Inc Reaffirms FY 2013 Guidance
PepsiCo Inc announced that for fiscal 2013, it expects 7% core constant currency EPS growth versus its fiscal 2012 core EPS of $4.10. Based on the current foreign exchange market consensus, the Company expects that foreign exchange translation will have an unfavorable impact of up to one point on the Company's full-year core EPS performance in fiscal 2013. Excluding the impact of structural changes and foreign exchange translation, organic revenue is expected to grow mid-single-digits, consistent with the Company's long-term targets. The impact of structural changes, principally beverage refranchisings, are expected to reduce organic revenue growth by approximately 1% point for fiscal 2013. The Company reported revenue of $65.492 billion for fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $67.90 billion and EPS of $4.39 for fiscal 2013. Full Article
Almarai Co Joint Venture Subsidiary with PepsiCo Inc To Acquire its Minority Shareholding in Teeba Investment for Developed Food Processing Co.
Almarai Co announced that its subsidiary International Dairy & Juice (IDJ), a joint venture between Almarai Company (52%) and PepsiCo Inc (48%) has signed an agreement to increase its stake in Teeba Investment for Developed Food Processing Co. which operates in Jordan from 75% to 100% through the purchase of the minority shareholding of 25% hold by Alsafa Company for a total consideration of JOD 12 million. This simplified ownership structure will help the IDJ shareholders drive the Teeba investment forward. Full Article
PepsiCo Inc Expands Tropicana Portfolio In India-The Economic Times
The Economic Times reported that PepsiCo Inc has expanded Tropicana range in India with the launch of three variants of Tropicana juices in powdered form. The Company has launched Tropicana Fruit Powders in three variants orange, lemon and mixed fruit in some select markets across the country. Initially, it launched the new range in Chennai and Bangalore in South India and Mumbai and Pune in Maharashtra, PepsiCo India Senior Director-Marketing (Colas, Juices & Hydration), Homi Battiwalla said. He added that the new product range would be launched across the country in phases. Full Article
PepsiCo Inc Issues FY 2013 Guidance
PepsiCo Inc announced that for fiscal 2013, it expects 7% core constant currency EPS growth versus its fiscal 2012 core EPS of $4.10. Based on the current foreign exchange market consensus, the Company expects that foreign exchange translation will have an unfavorable impact of up to 1 point on the Company's full-year core EPS performance in fiscal 2013. Excluding the impact of structural changes and foreign exchange translation, organic revenue is expected to grow mid-single-digits, consistent with the Company's long-term targets. The impact of structural changes, principally beverage refranchisings, are expected to reduce organic revenue growth by approximately 1 percentage point for the fiscal 2013. Full Article
PepsiCo Inc Announces Share Repurchase Program; Increases Dividend
PepsiCo Inc announced a new share repurchase program providing for the repurchase of up to $10 billion of PepsiCo common stock from July 1, 2013 through June 30, 2016, which will succeed the current repurchase program that expires on June 30, 2013. The Company also announced a 5.6% increase in annualized dividend to $2.27 per share from $2.15 per share, to take effect with the June 2013 payment. Full Article
PepsiCo Inc Declares Quarterly Dividend
PepsiCo Inc announced that the Board of Directors has declared a quarterly dividend of $0.5375 per share of PepsiCo common stock. The dividend is payable March 29, 2013, to shareholders of record on March 1, 2013. Full Article
PepsiCo denies in talks to buy SodaStream
TEL AVIV - PepsiCo Inc denied a published report that it was in talks to buy Israel's SodaStream International Ltd , whose machines make carbonated drinks from tap water. | Video
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