In recent news, PepsiCo (PEP) has been the subject of various moves in the investment market. Firms such as South Street Advisors and ING Groep have trimmed their holdings in PEP, while others like Empower Advisory Group and Baillie Gifford & Co. have increased their stakes. PEP's dual strengths have been touted as key for market dominance, despite some concerns over limited growth prospects. The beverage giant also managed to defeat a lawsuit by the state of New York over plastics pollution.
PEP's current ownership is predominately institutional, possessing 76% of the corporation. The company also has a favorable long-term outlook in terms of both growth and momentum. However, PEP's stock price has experienced slight drops recently, sparking debates among analysts about its valuation.
Additionally, PEP is reportedly in talks for acquisition of Siete Foods for over $1 billion. They anticipate the Q3 earnings announcement while also dealing with a lawsuit over plastic pollution by Los Angeles County. PEP has also narrowly missed expectations in its Q3 revenue. Amidst these developments, PEP's attractiveness as an investment option remains a topic of discussion among brokers.
Pepsico PEP News Analytics from Thu, 11 Jul 2024 07:00:00 GMT to Sat, 16 Nov 2024 16:19:01 GMT - Rating -2 - Innovation 0 - Information 7 - Rumor 3
