Recently, in the beverage market, **PepsiCo (PEP)** has seen a lot of activity. The company made a key leadership appointment, naming Christine Tammara as the new Senior Vice President & Controller. Despite the market taking a dip, PepsiCo stocks have managed to rise, indicating investor faith in the company’s stability and growth perspectives. Some investors, such as American Trust, have reduced their stake in PepsiCo, while others, including Retirement Systems of Alabama, have increased their holdings. A significant event for PepsiCo was its decision to acquire full ownership of **Sabra and Obela**, thereby strengthening its position in the hummus market. **Deutsche Bank** upgraded PepsiCo, considering it a good long-term investment. However, CNBC’s Jim Cramer believes the stock may go lower due to rising challenges. PepsiCo also recently announced their Q4 2024 earnings release date, providing transparency for investors. The company's resilience amid challenges and strong dividends continue to attract investors, but some worry about limited growth prospects. The acquisition of **Siete Foods** for $1.2 billion highlights PepsiCo's strategic expansion strategy.
Pepsico PEP News Analytics from Fri, 26 Apr 2024 07:00:00 GMT to Fri, 13 Dec 2024 15:26:49 GMT -
Rating 2
- Innovation -6
- Information 8
- Rumor -2
