Mondelez announces new $9 billion share repurchase program, replacing the current $6 billion program, of which approximately $2.8 billion remains and would otherwise expire at the end of 2025.
We have highlighted a few ETF areas to which investors may consider expanding their exposure. These offer a hedge amid uncertainties surrounding the path of interest rates.
The year 2024 is turning out to be strong for Philip Morris International. The tobacco giant surged about 44% from mid-April to early September, rebounding from a downturn earlier in the year. Here is a brief look at some ETFs that may benefit.
Mondelez International agreed to sell 86 million JDE Peet's shares to JAB for €25.10 per share. JAB also distributed shares to 70 limited partners, increasing free float to 32%.
PepsiCo reports mixed Q3 performance. BoFA analyst notes that the second half of the year typically accounts for over half of total revenue, and the guidance suggests organic growth of -1% to +3% in the fourth quarter.
Goldman Sachs analyst lowers Q1 estimates for P&G due to challenges in international markets, with expected 2% organic sales growth and flat net sales.
The uncertainty regarding how the market will respond to the U.S. Presidential election presents a headwind. The decline in consumer confidence also paints an unclear picture. Here are some ETFs that may help navigate this uncertain environment.
Federal Reserve's shift to lower interest rates can have wide-reaching effects on stocks and bonds, but quality can be found in utilities, real estate, and consumer staples sectors.
A federal judge has reportedly ruled that PepsiCo can be sued for marketing its Gatorade protein bars as healthy despite having more sugar than protein and exceeding the sugar content of typical candy bars.
PepsiCo Inc. (NASDAQPEP) has partnered with Yara International ASA to provide European farmers with advanced crop nutrition programs. This collaboration aims to decarbonize the food value chain, enhancing nutrient use efficiency, boosting yields, and reducing crop carbon footprints.
The PepsiCo Inc. (NASDAQPEP) factory responsible for a massive recall of Quaker Oats products has come under scrutiny after U.S. regulators reportedly discovered that salmonella had been present at the facility for up to four years. The recall of 22 million Quaker Chewy Bars impacted sales.
Carlsberg (OTC ) may increase its bid for Britvic (OTC ) after PepsiCo Inc (NASDAQPEP) agreed to waive a clause in their bottling agreement. This development follows Britvic's rejection of a $3.9 billion offer.
Goldman Sachs maintains a Neutral rating on KO with a $60.00 price target. Analyst Bonnie Herzog highlights KO's robust Q1 organic revenue growth of 11%, exceeding expectations. Despite this, limited EPS growth potential might weigh on the stock in the near term, notes the analyst. Truist and BofA Securities analysts reiterate Buy rating.
Coca-Cola reportedly eyes $8 billion valuation for African bottling arm IPO. Plans for dual listing in Johannesburg and Amsterdam. Discussions underway, but details subject to change.
