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PEP

PepsiCo

$111.93

0.75 (0.67%)

06:07
02/13/18
02/13
06:07
02/13/18
06:07

PepsiCo expands, extends multi-year productivity plan

Reported fourth quarter 2017 results were impacted by: a "provisional net tax expense of $2.5 billion associated with the enactment of the TCJ Act in the fourth quarter of 2017. Included in the net tax expense is a provisional mandatory one-time transition tax of approximately $4.0 billion on undistributed international earnings, partially offset by a provisional benefit of $1.5 billion resulting from the required remeasurement of of our deferred tax assets and liabilities to the new,lower U.S. corporate income tax rate; Restructuring charges of $226 million which include an expansion and extension of the multi-year productivity plan we publicly announced in 2014, compared to $54 million in the prior-year period."

  • 13

    Feb

  • 19

    Feb

PEP PepsiCo
$111.93

0.75 (0.67%)

01/29/18
RHCO
01/29/18
INITIATION
Target $125
RHCO
Hold
PepsiCo initiated with a Hold at SunTrust
SunTrust initiated PepsiCo with a Hold and $125 price target.
01/29/18
RHCO
01/29/18
INITIATION
Target $125
RHCO
Hold
PepsiCo initiated with a Hold at SunTrust
As reported earlier, SunTrust analyst William Chappell initiated PepsiCo (PEP) with a Hold rating and a price target of $125. Chappell contends that after 5 years of price and promotion with Coca-Cola (KO), the companies' next phase will likely see "price increases or at least less promotional activity" on some beverage items. The analyst also notes that the investor concerns about the snacking category are overblown, pointing some recovery in Q4, while the positive FX, emerging markets, and tax reform dynamics create more tailwinds.
01/29/18
01/29/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. PepsiCo (PEP) initiated with a Hold at SunTrust. 2. Synlogic (SYBX) initiated with an Overweight at Piper Jaffray. 3. Centennial Resource Development (CDEV) initiated with a Buy at Guggenheim. 4. Zynerba (ZYNE) initiated with a Buy at Ladenburg. 5. Radius Health (RDUS) initiated with an Overweight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/30/18
BERN
01/30/18
NO CHANGE
Target $124
BERN
Market Perform
Dr Pepper Snapple price target raised to $124 from $92 at Bernstein
Bernstein analyst Ali Dibadj raised his price target for Dr Pepper Snapple to $124 from $92 after the company and Keurig Green Mountain announced a definitive merger agreement to create public company Keurig Dr Pepper. While the analyst views this merger as good for Dr Pepper Snapple shareholders, there are unanswered questions about the prospects as a combined entity, with revenue synergies remaining unclear, synergy targets appearing stretched, and the Coca-Cola (KO)/PepsiCo (PEP) distribution partnership remaining a risk. Dibadj reiterates a Market Perform rating on Dr Pepper Snapple's shares.

TODAY'S FREE FLY STORIES

FINL

Finish Line

$9.54

-0.61 (-6.01%)

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CLFD

Clearfield

$12.45

0.2 (1.63%)

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MNTA

Momenta

$15.95

-0.1 (-0.62%)

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VYGR

Voyager Therapeutics

$23.66

4.3 (22.21%)

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AbbVie

$117.98

-0.62 (-0.52%)

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AbbVie

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CATS

Catasys

$4.37

0.05 (1.16%)

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08:05
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CQH

Cheniere Energy Partners LP

$28.11

0.11 (0.39%)

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  • 26

    Feb

MTCH

Match Group

$42.10

0.54 (1.30%)

08:03
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Technical Analysis
Technical Take: Match Group slides in early trading, analyst action »

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MO

Altria Group

$64.19

-1.27 (-1.94%)

08:03
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Earnings
Altria Group reaffirms FY18 adjusted EPS view $3.90-$4.03, consensus $4.01 »

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  • 21

    Feb

CQH

Cheniere Energy Partners LP

$28.11

0.11 (0.39%)

08:03
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Earnings
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  • 26

    Feb

ABBV

AbbVie

$117.98

-0.62 (-0.52%)

, NBIX

Neurocrine

$84.58

-0.67 (-0.79%)

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NBIX

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  • 08

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VG

Vonage

$11.47

0.28 (2.50%)

08:03
02/21/18
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Earnings
Vonage sees 2018 revenue $1.03B-$1.05B, consensus $1.03B »

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CQP

Cheniere Energy Partners

$29.65

0.48 (1.65%)

08:02
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Earnings
Breaking Earnings news story on Cheniere Energy Partners »

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  • 26

    Feb

CQP

Cheniere Energy Partners

$29.65

0.48 (1.65%)

08:02
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02/21
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Earnings
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  • 26

    Feb

VG

Vonage

$11.47

0.28 (2.50%)

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Earnings
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PANW

Palo Alto Networks

$162.92

0.84 (0.52%)

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ANY

Sphere 3D

$2.34

0.0101 (0.43%)

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DPZ

Domino's Pizza

$221.49

0.75 (0.34%)

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IPHI

Inphi

$25.20

0.76 (3.11%)

07:59
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  • 26

    Feb

NTDOY

Nintendo

$54.25

0.1 (0.18%)

07:59
02/21/18
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07:59
Periodicals
Nintendo accused of illegally denying refunds on pre-orders, TechCrunch says »

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SSTI

ShotSpotter

$20.00

0.03 (0.15%)

07:58
02/21/18
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Earnings
ShotSpotter raises FY18 revenue view to $31M-$33M from $30M-$32M »

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  • 11

    Mar

SAFM

Sanderson Farms

$131.44

-1.97 (-1.48%)

07:57
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Initiation
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  • 22

    Feb

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UMICY

Umicore

$14.20

-0.48 (-3.27%)

07:57
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07:57
Conference/Events
Umicore management to meet with JPMorgan »

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  • 21

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SPN

Superior Energy

$9.37

0.46 (5.16%)

07:56
02/21/18
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07:56
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Superior Energy rating change  »

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  • 28

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