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Fly News Breaks for December 16, 2019
PEP
Dec 16, 2019 | 08:27 EDT
As previously reported, Morgan Stanley analyst Dara Mohsenian downgraded PepsiCo to Equal Weight from Overweight with a price target of $145, down from $154 "mainly" due to valuation with the stock up 24% year-to-date. After four straight quarters of 4.3% or better two-year average organic sales growth for Frito-Lay North America, Mohsenian worries that top-line growth will slow as pricing power dissipates and comparisons become more difficult, the analyst added as another reason for the change in rating.
News For PEP From the Last 2 Days
PEP
Apr 25, 2024 | 09:40 EDT
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.
PEP
Apr 25, 2024 | 05:08 EDT
