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PepsiCo Inc (PEP)

PEP on New York Consolidated

114.68USD
17 Nov 2017
Change (% chg)

$-0.55 (-0.48%)
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Latest Key Developments (Source: Significant Developments)

Pepsico says ‍declared a quarterly dividend of $0.805/share of co's common stock
4:15pm EST 

Nov 17 (Reuters) - Pepsico Inc :Pepsico Inc - ‍declared a quarterly dividend of $0.805/share of co's common stock, a 7.0 percent increase versus comparable year-earlier period​.  Full Article

Pepsico unit intends to redeem all 500 outstanding shares of 5.90% cumulative preferred stock, Series A at $100,721.11‍​
Tuesday, 14 Nov 2017 05:06pm EST 

Nov 14 (Reuters) - Pepsico Inc :PepsiCo says on Nov 14, co's unit intends to redeem all 500 outstanding shares of 5.90% cumulative preferred stock, Series A at price of $100,721.11‍​.PepsiCo says redemption date for preferred stock will be Dec 29 - SEC filing.  Full Article

CEO of PepsiCo AMENA division on short term medical leave
Friday, 13 Oct 2017 04:43pm EDT 

Oct 13 (Reuters) - PepsiCo Inc :Sanjeev Chadha, CEO of PepsiCo's Asia, Middle East and North Africa division, is taking a short term medical leave from Pepsico​.Says Mike Spanos, president and CEO of PepsiCo Greater China region, will lead AMENA division on interim basis​ - SEC filing.  Full Article

PepsiCo CEO on conf call- There was a marked slowdown in convenience store channel in Q3
Wednesday, 4 Oct 2017 08:30am EDT 

Oct 4 (Reuters) - Pepsico Inc :CEO on conf call- there was a marked slowdown in the c store channel in Q3.CEO on conf call- Gatorade, which accounts for approximately 1/5 of our Q3 volume , declined.CEO - drove 6% net revenue growth for cheetos brand in q3 with new products, such as Cheetos, Jalapeño Cheetos and our Simply line and Mac And Cheetos.CEO - in Latin America, continue to see very challenging macroeconomic conditions and geopolitical instability, which dampened consumer spending.This year, our e-commerce retail sales are projected to be up 80% in the United States and nearly double in China.CEO - "when you start getting into this competitive battle of more and more promotions, we've been there, done that, i don't think that is a way to create long term strong businesses.".CEO - " ownership of the bottling business is going to make a huge difference".  Full Article

Pepsico reports Q3 core earnings per share of $1.48
Wednesday, 4 Oct 2017 06:02am EDT 

Oct 4 (Reuters) - Pepsico Inc : :Pepsico Q3 earnings per share $1.49 .Q3 core earnings per share $1.48 .Q3 net revenue $16.24 billion, up 1 percent.Pepsico Inc Q3 earnings per share view $1.43, revenue view $16.31 bln -- Thomson Reuters I/B/E/S.Pepsico sees 2017 core earnings per share $5.23.Now expects FY organic revenue growth to approximate co's year-to-date growth rate.Pepsico Inc FY2017 earnings per share view $5.16 -- Thomson Reuters I/B/E/S.Pepsico - Foreign exchange translation now expected to negatively impact reported net revenue growth by about 1 percent point for FY.Pepsico - Foreign exchange now expected to negatively impact FY core EPS by about 1 percent point.Pepsico - Continues to expect 2017 net capital spending of about $3 billion, dividend payments of about $4.5 billion, share buybacks of about $2 billion.Pepsico - Company intends to reinvest the Britvic gain in the balance of the year.  Full Article

Microsoft announces quarterly dividend and changes to its board of directors
Tuesday, 19 Sep 2017 05:02pm EDT 

Sept 20 (Reuters) - Microsoft Corp :Microsoft announces quarterly dividend and changes to its board of directors.Increases quarterly dividend by 7.6 percent to $0.42 per share.Microsoft - ‍announced appointment of Hugh Johnston, vice chairman and chief financial officer of Pepsico, to its board of directors​.Microsoft - ‍announced appointment of Hugh Johnston, vice chairman and chief financial officer of Pepsico, to its board of directors​.Microsoft - ‍G. Mason Morfit, president and chief investment officer of ValueAct Capital, will not seek re-election to board​.Microsoft - ‍adding Johnston increases Microsoft's board to 13 members.​.  Full Article

PepsiCo selects Esker to enhance its order processing
Thursday, 14 Sep 2017 01:06am EDT 

Sept 14 (Reuters) - ESKER SA ::PEPSICO SELECTS ESKER TO ENHANCE ITS ORDER PROCESSING AND BETTER SERVE ITS CUSTOMERS‍​.  Full Article

Varun Beverages approves intent to enter into agreement to buy PepsiCo India's territories of Odisha and parts of Madhya Pradesh
Wednesday, 9 Aug 2017 06:49am EDT 

Aug 9 (Reuters) - Varun Beverages Ltd VARB.NS:Approved intent to enter into binding agreement to buy PepsiCo India's previously franchised territories of Odisha and parts of Madhya Pradesh.Approved intent to enter into binding agreement to also buy PepsiCo India's manufacturing units at Cuttack, Bargarh and Bhopal (Mandideep).  Full Article

PepsiCo announces long-term partnership with Washington Redskins
Tuesday, 25 Jul 2017 09:54am EDT 

July 25 (Reuters) - PepsiCo Inc ::Says Washington redskins & co announce long-term partnership making co official & exclusive non-alcoholic beverage, snack provider for team, FedExField.Says co will also be presenting partner of Redskins 2017 season.Says co gains exclusive selling, dispensing and serving rights at FedEx field beginning August 2017.Says co to have exclusive marketing rights to Redskins, mobile,TV,digital assets,in-stadium signage, local media, retail promotional opportunities.  Full Article

PepsiCo appoints Ramon Laguarta president
Thursday, 20 Jul 2017 08:24am EDT 

July 20 (Reuters) - PepsiCo Inc ::PepsiCo Inc - on July 14, Ramon Laguarta, was appointed president of PepsiCo - SEC filing‍​.  Full Article

BRIEF-Pepsico unit intends to redeem all 500 outstanding shares of 5.90% cumulative preferred stock, Series A at $100,721.11‍​

* PepsiCo says on Nov 14, co's unit intends to redeem all 500 outstanding shares of 5.90% cumulative preferred stock, Series A at price of $100,721.11‍​