Posts for Ticker ‘PBG’

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, , , ,

52-Week High Club

Pepsi Bottling Group (NYSE: PBG) hit a yearly high of $37.37 today after PepsiCo (NYSE: PEP) filed a proxy indicating it would complete its acquisition of Pepsi Bottling Group regardless of market conditions.

Garrett W. McIntyre

Posted on: October 2, 2009 – 4:29 pm in 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, , , , , , , ,

Top Day Trader Alerts (HGSI, CTSH, STEC, PBG, PEP)

It is actually slow in pre-market trading today.  These are today’s top volume alert stocks for day traders and active traders.  More detailed volume and price analysis and data is available on links through to each stock at VSInvestor.com:

Human Genome Sciences Inc. (NASDAQ: HGSI) is up more than you’d expect on an analyst upgrade.

Cognizant Technology Solutions Corp. (NASDAQ: CTSH) is one of today’s big tech winners on earnings.

STEC, Inc. (NASDAQ: STEC) is down on insider selling despite solid earnings.

Pepsi Bottling Group (NYSE: PBG) is getting significant pre-market volume on reports that Pepsico (NYSE: PEP) has made a higher buyout offer.

-The 24/7 Wall St. Team

Posted on: August 4, 2009 – 8:53 am in Pre-Market Activity, Trading Alert, , , , ,

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 Analyst Upgrades (CTV, DPS, COOL, PBG, TRW, WLL)

These are the top pre-market analyst upgrades and positive research calls we have seen from Wall Street this Thursday morning:

CommScope (CTV) Raised to Outperform at Baird.
Dr. Pepper Snapple (DPS) Raised to Buy at Deutsche Bank.
Majesco Entertainment (COOL) Raised to Buy at Needham.
Pepsi Bottling (PBG) Raised to Buy at Deutsche Bank.
TRW Automotive (TRW) Raised to Neutral from Underweight at JPMorgan.
Whiting Petroleum (WLL) Started as Overweight at Thomas Weisel.

JON C. OGG

Posted on: April 2, 2009 – 6:38 am in Analyst Calls, , , , , ,

Does Pepsi Guidance Even Matter? (PEP, PBG, KO)

Pepsi_logo_2PepsiCo, Inc. (NYSE: PEP) issued a statement this morning noting that the company would reaffirm its core guidance at the Morgan Stanley Global Consumer and Retail Conference.  Pepsi is reaffirming its previously announced full-year 2008 core EPS guidance, although the full-year 2008 core EPS guidance excludes impacts on commodity mark-to-market, productivity for growth costs, and its share of the Pepsi Bottling Group’s (NYSE: PBG) restructuring initiative and impairment charge already announced this week.

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Posted on: November 20, 2008 – 9:18 am in Earnings, Food, , ,

Top 10 Pre-Market Analyst Calls (APOL, BZH, CB, CTSH, FITB, IRF, PBG, SNDK, SY, SYMC, WES)

These are ten of the analyst calls we are focusing on this Friday morning:

  • Apollo Group (NASDAQ: APOL) Raised to Outperform at Credit Suisse.
  • Beazer Homes (NYSE: BZH) Raised To Neutral at UBS.
  • Chubb (NYSE: CB) Raised to Equal-Weight at Morgan Stanley.
  • Cognizant Technology (NASDAQ: CTSH) Cut To Neutral at Goldman Sachs.
  • Fifth Third Bancorp (NASDAQ: FITB) Raised to Outperform at KBW.
  • International Rectifier (NYSE: IRF) Cut to Sell at Citigroup.
  • Pepsi Bottling (NYSE: PBG) Raised to Neutral at JPMorgan.
  • SanDisk (NASDAQ: SNDK) Cut to Hold from Buy at Citigroup.
  • Sybase (NYSE: SY) Cut to Neutral at Banc Of America.
  • Symantec (NASDAQ: SYMC) Cut to Market Perform at FBR.
  • Western Gas Partners (NYSE: WES) Started as Hold at Citigroup.

Jon C. Ogg
June 20, 2008

Posted on: June 20, 2008 – 6:43 am in Analyst Calls, , , , , , , , , , ,

The 52-Week Low Club (PPC)(PBG)(RCL)(GHS)(ACAD)

Pilgrim’s Pride (PPC) Downgraded by Credit Suisse. Down to $15.67 from 52-week high of $41.

Pepsi Bottling Group (PBG) Still troubled by problems at one of Coke’s bottlers. Down to $29.22 from 52-week high of $43.38.

Royal Caribbean Cruises (RCL) Getting killed like the rest of the travel industry. Down to $25.40 from 52-week high of $43.96.

Gatehouse (GHS) Analyst encouraging company to drop dividend to save money. Down to $2.79 from 52-week high of $19.60.

Acadia Pharmaceuticals (ACAD) Major drug trial failure. Sharp sell-off to $4.30 from 52-week high of $17.33.

Douglas A. McIntyre

Posted on: June 16, 2008 – 3:00 pm in HI/LOW, , , , ,

Top 10 Analyst Calls (AIG, AAPL, CMCSA, CAG, DRIV, ETEL, DNA, PBG, PDLI, SURW)

These aren’t the only analyst calls we are watching, but these are the top ten that 247WallSt.com is reviewing:

  • AIG (AIG) reiterated Buy at Goldman Sachs.
  • Apple (AAPL) target raised to $249 from $243 and estimates raised to $5.40 at Bear Stearns.
  • Comcast (CMCSA) downgraded to Neutral from Buy at Goldman Sachs (maybe late yesterday call).
  • ConAgra (CAG) started as Outperform at Bear Stearns.
  • Digital River (DRIV) downgraded to Hold from Buy at Deutsche Bank.
  • eTelecare (ETEL) started as Outperform at FBR.
  • Genentech (DNA) downgraded to Hold at Jefferies.
  • Pepsi Bottling Group (PBG) downgraded to SELL from Neutral at Goldman Sachs.
  • PDL BioPharma (PDLI) raised to Overweight Lehman Brothers.
  • SureWest Comms (SURW) started as Buy at Jefferies.

Jon C. Ogg
December 6, 2007

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

Posted on: December 6, 2007 – 8:01 am in Analyst Calls, , , , , , , , , ,