Posts for Ticker ‘PAS’

Investor Taste Challenge: Pepsi vs. Coke (PEP, KO, PBG, PAS)

Pepsi LogoCoke LogoPepsiCo Inc. (NYSE: PEP) is trading down after the company’s quarterly earnings report from this morning.  PepsiCo’s earnings were $1.08 EPS on a 1.5% drop in revenues to $11.08 billion, versus Thomson Reuters estimates of $1.03 EPS and $11.25 billion in revenues.  Pepsi did manage to beat estimates, but the amount of the beat appears to be the result of a lower effective tax rate and on some of the cost cutting measures as we have seen at so many firms.  The strength of PepsiCo’s snack food unit could actually highlight a potential weakness at Coca-Cola.  What is interesting is that rival The Coca-Cola Company (NYSE: KO) is down a fraction of what has been in seen in PepsiCo shares.
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Posted on: October 8, 2009 – 2:29 pm in Earnings, Food, , , ,

Suddenly All Is Well In Bottling Mergers (PEP, PBG, PAS, COKE, CCE, KOF, CCH, KO)

money-stack-imageThis morning we caught the news on a volume alert, but there was no confirmation of the news.  Now, we have the formal release from PepsiCo (NYSE: PEP).  Pepsi has capitulated and decided to offer more for its acquisitions of The Pepsi Bottling Group, Inc. (NYSE: PBG) and PepsiAmericas, Inc. (NYSE: PAS).  Both bottlers agreed and signed definitive merger pacts with PepsiCo.

Interestingly enough, this could have traders (and investment bankers) looking toward Coca-Cola Bottling Co. Consolidated (NASDAQ: COKE), Coca-Cola Enterprises Inc. (NYSE: CCE), Coca-Cola FEMSA S.A.B de CV (NYSE: KOF), and Coca-Cola Hellenic Bottling Company S.A. (NYSE: CCH)… all of which are tied to The Coca-Cola Company (NYSE: KO).
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Posted on: August 4, 2009 – 9:28 am in Food, Mergers and Buy Outs, , , , , , , ,

Pepsi Deal Twist, Pepsi Bottling Group Makes Its Own Acquisition (PEP, PBG, PAS)

Pepsi LogoThere is a new twist in the Pepsico, Inc. (NYSE: PEP) ‘hopeful’ acquisition of Pepsi Bottling Group Inc. (NYSE: PBG). Pepsi Bottling Group Inc. has decided to make an acquisition of its own.  It could even possibly have ramifications for the proposed PepsiAmericas Inc. (NYSE: PAS) buyout, although that may be a stretch on a one-off basis.
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Posted on: May 14, 2009 – 9:21 am in Food, Mergers and Buy Outs, , ,

Pepsi’s Dividend Hike Signals Twist in Bottling Mergers (PEP, PBG, PAS)

pepsi-logoPepsico, Inc. (NYSE: PEP) has just come out and announced it was going to hike its dividend by some 6%.  The $1.70 annualized dividend will now be $1.80 on an annual basis that is paid out quarterly.  Normally, these announcements are a blip on the radar, but this could actually signal that it has the capital to pay more for that proposed Pepsi Bottling Group Inc. (NYSE: PBG) acquisition.  It may even have an ultimate impact on PepsiAmericas Inc. (NYSE: PAS).
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Posted on: May 5, 2009 – 6:05 pm in Dividend, Food, Mergers and Buy Outs, Water, , ,

If Coke Follows Pepsi’s Bottling Roll-Up (PEP, PAS, PBG, KO, COKE, CCE, KOF, CCH

pepsi-logoThis morning’s news of Pepsico Inc. (NYSE: PEP) offering to acquire bottling affiliates PepsiAmericas Inc. (NYSE: PAS) and Pepsi Bottling Group Inc. (NYSE: PBG) may be a surprise to some, but it is far from a shock.  Having multiple companies processing different parts of the same business may not be the most efficient model under certain circumstances.  Interestingly enough, The Coca-Cola Company (NYSE: KO) has a similar structure with affiliated entities that are outside publicly traded stocks.

coke-logoCoca-Cola Bottling Co. Consolidated (COKE), Coca-Cola Enterprises Inc. (NYSE: CCE), Coca-Cola FEMSA S.A.B de CV (NYSE: KOF), and Coca-Cola Hellenic Bottling Company S.A. (NYSE: CCH) are all affiliated companies.
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Posted on: April 20, 2009 – 10:32 am in Food, Mergers and Buy Outs, Water, , , , , , , ,

Top Pre-Market Analyst Downgrades (ALU, BRLI, GPS, GD, PCK, PSO, PAS, PTR, PKX, RTP, COL, WXS)

Burning_money_picThe rate of downgrades versus upgrades is still coming out with a much more negative bias from Wall Street.  These are some of the downgrades and negative research calls we have seen from Wall Street analysts this Friday morning:

  • Alcatel-Lucent (NYSE: ALU) Cut to Equal Weight at Morgan Stanley.
  • Bio-Reference Labs (NASDAQ: BRLI) Cut to Perform at Oppenheimer.
  • Gap Inc. (NYSE: GPS) Cut to Hold at Citigroup.
  • General Dynamics (NYSE: GD) Cut to Neutral at Goldman Sachs.
  • Patriot Coal (NYSE: PCX) Started as Sell at Citigroup.
  • Pearson (NYSE: PSO) Cut to Sell at Goldman Sachs.
  • PepsiAmericas (PAS) Cut to Sell at Goldman Sachs.
  • PetroChina (NYSE: PTR) Cut to Neutral at JPMorgan.
  • Posco (NYSE: PKX) Cut to Neutral at Goldman Sachs.
  • Rio Tinto (NYSE: RTP) Cut to Hold at Deutsche Bank.
  • Rockwell Collins (NYSE: COL) Cut to Sell at Goldman Sachs.
  • Wright Express Corp. (NYSE: WXS) Cut to Neutral at JPMorgan.

Jon C. Ogg
January 9, 2009

Posted on: January 9, 2009 – 7:17 am in Analyst Calls, , , , , , , , , , , ,

Early Bird Analyst Upgrades & Downgrades (CHA, CHH, CMCSA, GOOG, ID, PAS, ACF, ERIC, NCC, NWS, NOK, PCTI, RAH, SHW)

These are some of the top pre-market analyst upgrades and downgrades we are seeing from Wall Street firms this Tuesday morning with more than two hours to the open:

  • China Telecom (CHA) Raised to Buy at UBS.
  • Choice Hotels (CHH) Raised To Neutral From Underweight at JPMorgan.
  • Comcast (CMCSA) Started as Outperform at Credit Suisse.
  • Google (GOOG) Started as Outperform at Credit Suisse.
  • L-1 Identity Solutions (ID) Raised to Neutral from Underweight at JPMorgan.
  • PepsiAmericas (PAS) Raised to Buy at UBS.

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Posted on: October 28, 2008 – 6:37 am in Analyst Calls, , , , , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (BA, OMTR, PAS, RRGB, CRM, PCU, TSM, TEVA, WLP, WX)

Below are the top 10 analyst calls we are focusing on this morning:

  • Boeing (NYSE: BA) raised to Overweight at Morgan Stanley.
  • Omniture (NASDAQ: OMTR) raised to Buy at Jefferies.
  • PepsiAmericas (NYSE: PAS) raised to Buy at Deutsche Bank.
  • Red Robin Gourmet (NASDAQ: RRGB) raised to Overweight at JP Morgan; started as Buy at Jefferies.
  • Salesforce.com (NYSE: CRM) Started At Buy at Broadpoint.
  • Southern Copper (NYSE: PCU) started as Underweight at JP Morgan.
  • Taiwan Semiconductor (NYSE: TSM) raised to overweight at Lehman Brothers.
  • Teva Pharmaceuticals (NASDAQ: TEVA) cu to Hold at Citigroup.
  • WellPoint (NYSE: WLP) downgraded to Neutral at Banc Of America.
  • WuXi PharmaTech (NYSE: WX) raised to Buy at Jefferies.

Jon C. Ogg
March 14, 2008

Posted on: March 14, 2008 – 7:09 am in Analyst Calls, , , , , , , , , ,

Pre-Market Analyst Calls (November 6, 2007)

Stock Tickers: ANF, ARO, AEO, ANN, ADSK, BMRN, CA, CHS, C, COGN, CWTR, ETR, GPS, GOOG, JCG, LF, MA, MSFT, ORH, ORCL, PAS, PNWIF, PT, RIMM, JAVA, SYMC, UA, URBN

Abercrombie & Fitch (ANF) started as Buy at UBS.
Aeropostale (ARO) started as Neutral at UBS.
American Eagle Outfitters (AEO) raised to Hold at Citigroup.
Ann Taylor (ANN) started as Buy at UBS.
Autodesk (ADSK) raised to Overweight at Lehman.
Biomarin (BMRN) Started as Buy at Jefferies.
CA INC. (CA) raised to Equal-Weight at Lehman.
Chico’s FAS (CHS) started as Neutral at UBS.
Citigroup (C) cut to Neutral at B of A.
Cognos (COGN) cut to Sector Perform at CIBC.
Coldwater Creek (CWTR) started as Neutral at UBS.
Entergy (ETR) cut to Hold at Jefferies.
Gap Inc. (GPS) started as Buy at UBS.
Googe (GOOG) target raised to $850 at Sanford Bernstein.
J.Crew (JCG) started as Neutral at UBS.
Leapfrog (LF) started as Strong Buy at Needham.
MasterCard (MA) raised to Buy at Deutsche Bank.
Microsoft (MSFT) removed from Conviction Buy List at Goldman Sachs.
OdysseyRe (ORH) raised to Hold at Citigroup.
Oracle (ORCL) replaced Microsoft on Goldman Sachs Conviction Buy List.
PepsiAmericas (PAS) cut to Underweight at JPMorgan.
PhotoChannel (PNWIF) started as Buy at Merriman Curhan Ford.
Portugal Telecom (PT) raised to Buy at UBS.
Research In Motion (RIMM) raised to Outperform at Credit Suisse.
Sun Micro (JAVA) raised to Buy at Citigroup.
Symantec (SYMC) cut to Equal-Weight at Lehman.
Under Armour (UA) started as Underweight at Morgan Stanley.
Urban Outfitters (URBN) started as Buy at UBS.

Jon C. Ogg
November 6, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: November 6, 2007 – 7:57 am in Analyst Calls, , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Earnings Gappers (July 25, 2007)

(AMZN) Amazon.com trading up over 20% after beating earnings and raising guidance; has 5 upgrades so far.
(ASH) Ashland $1.35 EPS vs $1.11 estimate.
(BA) Boeing $1.35 EPS vs $1.16 estimate; guidance looks soft if not on items; shares trading up 2% pre-market.
(CACH) Cache $0.12 EPS vs $0.07 estimate.
(CBR) Ciber $0.13 EPS vs $0.12 estimate.
(CL) Colgate-Polmolive $0.84 EPS vs $0.83 estimate.
(ETH) Ethan Allen $0.65 EPS vs $0.65 estimate.
(FLIR) FLIR Systems $0.38 EPS vs $0.36 estimate.
(HES) Hess $1.75 EPS vs $1.45 estimate.
(JOYG) Joy Global issues earnings warning.
(KEM) Kemet $0.12 EPS vs $0.10 estimate.
(MDCO) Medicines Company $0.03 EPS vs $0.02 estimate.
(MPX) Marine Products $0.14 EPS vs $0.12 estimate.
(NTRI) NutriSystem traded down another 10%+ after beating estimates, but lowering guidance.
(PAS) Pepsi Americas $0.60 EPS vs $0.50 estimate.
(PFCB) P.F.Chang’s $0.36 EPS vs $0.36 estimate.
(RAI) Reynolds America $1.10 EPS vs $1.21 estimate.
(SEE) Sealed Air $0.41 EPS vs. $0.42 estimate.
(TRAD) TradeStation $0.18 EPS vs $0.18 estimate.
(TRB) Tribune $0.47 EPS vs $0.48 estimate.
(TROW) T.Rowe Price $0.58 EPS vs $0.58 estimate.
(XEL) Xcel Energy $0.29 EPS vs $0.26 estimate.

Jon C. Ogg
July 25, 2007

Posted on: July 25, 2007 – 7:23 am in Earnings, Pre-Market Activity, , , , , , , , , , , , , , ,