PepsiCo Declares $1.265 Quarterly Dividend; 3% Yield
PepsiCo (NASDAQ:PEP) declared a quarterly dividend of $1.265 per share, or $5.06 annualized.The dividend will be payable on January 5, 2024, to stockholders of record on December 1, 2023,...
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Coca-Cola upside limited, PepsiCo to outperform in risk-off environments - Jefferies
Jefferies analysts initiated shares of Coca-Cola (NYSE:KO) with a Hold rating and PepsiCo (NASDAQ:PEP) with a Buy rating in separate notes to clients on Monday. PepsiCo was given a $203 per...
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Jefferies initiates coverage of PepsiCo at 'buy' with a price target of $203.00
An analyst from Jefferies initiated coverage of PepsiCo (NASDAQ: PEP) at 'buy' with a price target of $203.00. Prior to this rating, PepsiCo had 11 buy ratings, 11 hold ratings, and 1...
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Starbucks shares fall, ending three-day rally amid positive market trends
Starbucks Corp (NASDAQ:SBUX). shares experienced a minor downturn on Tuesday, ending a three-day winning streak. The company's stock fell by 0.34% to $103.68, despite a generally...
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Hugh Johnston to take over as Disney's CFO from December 4
In a significant shift in the executive leadership landscape, Hugh Johnston, the long-serving Chief Financial Officer (CFO) at PepsiCo (NASDAQ:PEP), is set to transition to Walt Disney...
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Walt Disney nabs PepsiCo CFO Hugh Johnston as its new finance chief
Walt Disney (NYSE:DIS) announced Monday that it has hired Hugh Johnston, the longtime CFO of PepsiCo (NASDAQ:PEP), as its new finance chief.Johnston has spent 34 years at PepsiCo,...
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PepsiCo names Jamie Caulfield CFO after Johnston leaves for Disney
PepsiCo, Inc. (PEP) today announced that Vice Chairman and Chief Financial Officer, Hugh Johnston, will be leaving the company on November 30. James (Jamie) Caulfield is appointed Executive...
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XLP ETF offers steady investment avenue in consumer staples sector
The Consumer Staples ETF by Select Sector SPDR, known as XLP, has been providing investors with an opportunity to invest in the S&P 500's consumer staples sector since its launch in 1998....
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PepsiCo shares rise for second day, outperforming rivals
Today, in a favorable market where the S&P 500 and Dow Jones rose by 0.65% and 0.38% respectively, PepsiCo (NASDAQ:PEP)'s shares increased for the second consecutive day to $163.28. This...
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HSBC initiates coverage of PepsiCo at 'hold' with a price target of $185.00
An analyst from HSBC initiated coverage of PepsiCo (NASDAQ: PEP) at 'hold' with a price target of $185.00. Prior to this rating, PepsiCo had 10 buy ratings, 10 hold ratings, and 1 sell...
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DZ Bank upgrades PepsiCo to 'buy' with a price target of $187.00
An analyst from DZ Bank upgraded PepsiCo (NASDAQ: PEP) from 'hold' to 'buy' with a price target of $187.00 from a prior price target of %currency%%price%. Prior to this rating, PepsiCo had...
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S&P 500 options see heightened activity, PepsiCo, Cboe Global and American Tower lead the way
On Thursday, a significant uptick in options trading activity was observed among the S&P 500 index components, with PepsiCo Inc (NASDAQ:PEP), Cboe Global Markets Inc (NYSE:CBOE), and...
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Inflation slows but stubborn areas persist, Federal Reserve eyes rate hike
The US economy continues to grapple with inflation as the Consumer Price Index (CPI) saw a year-on-year rise of 3.7% in September, slightly outpacing the projected 3.6%. This figure mirrors...
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Pepco Group reports record revenue for fiscal 2023
Pepco Group, the conglomerate behind Poundland, Dealz, and Pepco, has reported a record revenue of €5.65 billion ($6.0 billion) for fiscal 2023. The figure represents an 18% increase on...
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Morgan Stanley maintains PepsiCo at 'equalweight' with a price target of $190.00
An analyst from Morgan Stanley maintained PepsiCo (NASDAQ: PEP) at 'equalweight' with a price target of $190.00 from a prior price target of %currency%%price%. Prior to this rating,...
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Wells Fargo maintains PepsiCo at 'equal weight' with a price target of $172.00
An analyst from Wells Fargo maintained PepsiCo (NASDAQ: PEP) at 'equal weight' with a price target of $172.00 from a prior price target of %currency%%price%. Prior to this rating, PepsiCo...
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JPMorgan maintains PepsiCo at 'overweight' with a price target of $185.00
An analyst from JPMorgan maintained PepsiCo (NASDAQ: PEP) at 'overweight' with a price target of $185.00 from a prior price target of %currency%%price%. Prior to this rating, PepsiCo had 8...
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Midday movers: PepsiCo, Unity, Rivian Automotive and more
Investing.com -- U.S. stocks were rising on Tuesday, boosted by dovish comments from Fed officials that suggested the central bank could be near the end of its rate hikes. Here are some of...
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Earnings Call: Pepsico Outlines 2024 Strategy Amid Inflation Concerns and Changing Consumer Habits
PepsiCo (NASDAQ:PEP)'s Chairman and CEO, Ramon Laguarta, and CFO, Hugh Johnston, discussed the company's strategies and outlook for 2024 during their 2023 Third Quarter Earnings...
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U.S. stocks jump after dovish rate comments by Fed officials; yields fall
Investing.com -- U.S. stocks were rising, and Treasury yields fell, after commentary by Fed officials put the focus on the central bank's next interest rate move. At 10:41 ET (14:41 GMT),...
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PepsiCo, Rivian and Honeywell rise premarket; Jupiter, Corning fall
Investing.com -- U.S. futures rose Tuesday, boosted by dovish comments from a couple of Fed officials, with a number of their colleagues set to comment later in the session. Here are some of...
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CFRA maintains PepsiCo at 'strong buy' with a price target of $210.00
An analyst from CFRA maintained PepsiCo (NASDAQ: PEP) at 'strong buy' with a price target of $210.00 from a prior price target of %currency%%price%. Prior to this rating, PepsiCo had 8 buy...
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PepsiCo earnings beat by $0.10, revenue topped estimates
Investing.com - PepsiCo (NASDAQ: PEP) reported third quarter EPS of $2.25, $0.10 better than the analyst estimate of $2.15. Revenue for the quarter came in at $23.45B versus the consensus...
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European stock futures higher; Fed speakers soothe nerves
Investing.com - European stock markets are expected to open higher Tuesday, with investors returning their focus to potential central bank moves while keeping an eye on the conflict in the...
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PepsiCo earnings, small business optimism, Fed speakers: 3 things to watch
Investing.com -- Stocks ended higher on Monday, erasing losses from earlier in the day amid escalating conflict in the Middle East. This week includes the release of two key inflation...
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US Banks Brace for Earnings Season Amid Rising Interest Rates
The upcoming U.S. earnings season, set to kick off this week, is expected to significantly influence equity markets over the next month. Prominent banks, including JPMorgan Chase & Co....
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U.S. stocks are falling as conflict escalates in the Middle East
Investing.com -- U.S. stocks are falling and oil prices are spiking as the escalating conflict between Israel and Hamas added geopolitical risk to concerns over elevated inflation and rising...
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UBS maintains PepsiCo at 'buy' with a price target of $195.00
An analyst from UBS maintained PepsiCo (NASDAQ: PEP) at 'buy' with a price target of $195.00 from a prior price target of %currency%%price%. Prior to this rating, PepsiCo had 8 buy...
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Wedbush maintains PepsiCo at 'outperform' with a price target of $195.00
An analyst from Wedbush maintained PepsiCo (NASDAQ: PEP) at 'outperform' with a price target of $195.00 from a prior price target of %currency%%price%. Prior to this rating, PepsiCo had 8...
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Wells Fargo maintains PepsiCo at 'equal weight' with a price target of $170.00
An analyst from Wells Fargo maintained PepsiCo (NASDAQ: PEP) at 'equal weight' with a price target of $170.00 from a prior price target of %currency%%price%. Prior to this rating, PepsiCo...
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Top 5 things to watch in markets in the week ahead
Investing.com -- U.S. inflation data could offer more clarity on the future path of interest rates after Friday’s strong jobs report while Wednesday’s minutes of the Federal...
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Weight-Loss Drugs Impact Coca-Cola and Pepsico Shares, Boosting Walmart’s Pharmacy Business
Shares of beverage giants Coca-Cola (NYSE:KO) Co. and PepsiCo (NASDAQ:PEP) Inc. experienced a significant drop on Friday, with declines of 4.8% and 5.2% respectively. The fall is attributed...
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Barclays maintains PepsiCo at 'overweight' with a price target of $179.00
An analyst from Barclays maintained PepsiCo (NASDAQ: PEP) at 'overweight' with a price target of $179.00 from a prior price target of %currency%%price%. Prior to this rating, PepsiCo had 8...
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Starbucks shares dip for third consecutive day amid turbulent market
Starbucks Corp (NASDAQ:SBUX).'s shares dipped by 2.16% to close at $93.10 on Thursday, marking a third consecutive day of losses for the company. This performance occurred during a...
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Instacart achieves $9.9 billion valuation in successful IPO
Grocery delivery app Instacart, owned by Maplebear Inc, has successfully priced its initial public offering (IPO) at the top of its indicated range, achieving a fully diluted valuation of...
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Carrefour takes a stand against 'shrinkflation' with warning labels on products
Carrefour (EPA:CARR), the second-largest grocer in France, has started placing warning labels on certain products in response to the ongoing issue of "shrinkflation," where manufacturers...
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Instacart raises IPO price range amid promising market sentiment
Instacart, the well-known grocery delivery firm, has revised its initial public offering (IPO) price range to $28-$30 per share, up from the previous range of $26-$28, as reported on Friday....
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Starbucks says former CEO Schultz to leave board; adds director
Investing.com -- Starbucks Corporation (NASDAQ:SBUX) said chairman emeritus Howard Schultz would step down from its board effective today as part of a planned transition. Shares were down 1%...
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Instacart to set price range for IPO, backed by PepsiCo
Online grocery delivery startup, Instacart Inc., is gearing up to set a price range for its initial public offering (IPO) and commence its investor roadshow as early as Monday, according to...
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Instacart files papers for initial public offering
Investing.com -- Delivery platform Instacart has filed its paperwork for an initial public offering, joining a spate of other companies hoping to reopen the window for new listings. The...
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PepsiCo Raises Quarterly Dividend 10% to $1.265; 2.7% Yield
PepsiCo (PEP) declared a quarterly dividend of $1.265 per share, or $5.06 annualized. This is a 10% increase from the prior dividend of $1.15.The dividend will be payable on September 29,...
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