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Fly News Breaks for May 24, 2017
PEP, K, KHC
May 24, 2017 | 17:24 EDT
Piper Jaffray analyst Michael Lavery initiated Kraft Heinz with a Neutral rating and $94 price target, expecting Kraft Heinz will pursue further consolidation, with Kellogg (K) and PepsiCo (PEP) looking like the best fit of the company's stated M&A criteria.
News For KHC;K;PEP From the Last 2 Days
PEP
Apr 25, 2024 | 08:00 EDT
Notable profits for the buyer who lifted the $0.43 offer for 1,999 PepsiCo (PEP) May-24 180 calls yesterday at 10:11ET when underlying shares were trading at $172.36. Shares closed at $177.41, and the calls at $1.65 for a mark-to-market profit of 285%, or $245K, on the $86K outlay.