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PEP

PepsiCo

$127.28

-0.36 (-0.28%)

06:11
05/07/19
05/07
06:11
05/07/19
06:11

Pepsi says to invest $4B in Mexico in 2019-2020

The PepsiCo Mexico System, composed of PepsiCo Alimentos Mexico and its strategic partner Grupo Gepp, announced an investment plan of $4B in Mexico between 2019 and 2020, with an estimated creation of 3,000 new jobs. This investment reinforces its commitment to the country and will continue to contribute to its economic and social development. "We are proud of our more than 110 years of history in Mexico and we are excited for the next 100," said Ramon Laguarta, Chairman of the Board and CEO of PepsiCo Inc. "Mexico is our largest operation in Latin America and the second worldwide. It is an honor for us to have a positive impact at all levels of the country's economy, from the countryside to the corner stores in each location." Part of the investment will go toward a $109M new plant in the central state of Guanajuato. The plant should be operating at full capacity by 2025, the company said.

  • 18

    May

PEP PepsiCo
$127.28

-0.36 (-0.28%)

04/18/19
04/18/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. PepsiCo (PEP) upgraded to Neutral from Sell at Goldman Sachs with analyst Judy Hong citing its "strong" Q1 results that saw organic revenue accelerate to 5% and gross margins top expectations. 2. J.M. Smucker (SJM) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Pamela Kaufman saying she believes the company's reinvestment strategy will drive improved topline momentum across its key segments and should allow the company to return to positive organic growth in FY20. 3. Venator Materials (VNTR) upgraded to Outperform from Sector Perform at RBC Capital with analyst Arun Viswanathan saying he believes that the titanium dioxide "cycle is turning", with destocking activity nearing completion amid improving global demand and pricing. 4. Ecolab (ECL) upgraded to Buy from Neutral at Nomura Instinet with analyst Dan Dolev saying with the problematic energy business soon to be spun-off, Ecolab's "recession resistant qualities should stand out, warranting a significant premium to peers." 5. Qualcomm (QCOM) upgraded to Buy from Hold at DZ Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/18/19
RHCO
04/18/19
NO CHANGE
Target $120
RHCO
Hold
PepsiCo price target raised to $120 from $110 at SunTrust
SunTrust analyst William Chappell raised his price target on PepsiCo to $120 after its Q1 earnings beat with better than expected organic revenue growth of 5.2%. The analyst is keeping his Hold rating on the shares while lowering his Q2 EBITDA forecast to $3.44B from $3.61B to reflect the management's plans to "spend back the upside" of Q1 in the current quarter through higher marketing and advertising. Chappell also reiterates his concerns with PepsiCo's "ability to grow profits high-single-digits" in the coming years when it slows its advertising and marketing expenditure.
04/18/19
ARGS
04/18/19
NO CHANGE
Target $146
ARGS
Buy
PepsiCo price target raised to $146 from $128 at Argus
Argus analyst John Staszak raised his price target on PepsiCo to $146 and kept his Buy rating after its "strong Q1 results" in spite of the marketing costs and FX headwinds, saying the company continues to generate solid growth amid a weak consumer spending backdrop. The analyst also maintains his long-term earnings growth rate forecast of 8% for PepsiCo and believes that the company can attain its goal of $1B in annual cost savings and productivity gains.
04/18/19
DBAB
04/18/19
NO CHANGE
Target $131
DBAB
Hold
PepsiCo price target raised to $131 from $120 at Deutsche Bank
Deutsche Bank analyst Steve Powers raised his price target for PepsiCo to $131 from $120 saying the company's Q1 results "checked all the important boxes." The company did caution that comps get tougher over the next three quarters and also that cost inflation and spending levels will accelerate sequentially, Powers tells investors in a post-earnings research note titled "Some Pep in Their Step." He keeps a Hold rating on PepsiCo.

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