Deutsche Bank Maintains a 'Buy' on Pepsico (PEP); Succession Plan Highlights Importance of Fritos Brand
Tweet Send to a FriendGet Alerts PEP Hot Sheet
Price: $83.80 --0%
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 6
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 6
Trade PEP Now!
Deutsche Bank maintains a 'Buy' on Pepsico (NYSE: PEP) price target of $70.00.
Deutsche analyst said, "New organizational structure announcement highlights importance of growing Frito...PEP announced this morning that John Compton has been named president of PepsiCo, assuming responsibility for all of the company’s existing global category groups, Global operations, Global Marketing and Corporate strategy. Mr. Compton was PepsiCo’s Americas Foods CEO until this announcement. The company also announced that it is rehiring Brian Cornell, previously CEO of Sam’s Club (NYSE: WMT) until January this year, as CEO, PepsiCo Americas Foods."
"...Pepsi seems poised to reinvigorate the core, freeing up funds to boost marketing behind core Pepsi, Gatorade and Tropicana brands and dominant but slower growing Frito-Lay equities. With shares relatively cheap, even off a depressed earnings base and few believing company can pull off the turnaround, we like risk/reward here and maintain our rating and PT."
For an analyst ratings summary and ratings history on Pepsico click here. For more ratings news on Pepsico click here.
Shares of Pepsico closed at $63.15 yesterday, with a 52 week range of $58.50-$71.89.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Deutsche analyst said, "New organizational structure announcement highlights importance of growing Frito...PEP announced this morning that John Compton has been named president of PepsiCo, assuming responsibility for all of the company’s existing global category groups, Global operations, Global Marketing and Corporate strategy. Mr. Compton was PepsiCo’s Americas Foods CEO until this announcement. The company also announced that it is rehiring Brian Cornell, previously CEO of Sam’s Club (NYSE: WMT) until January this year, as CEO, PepsiCo Americas Foods."
"...Pepsi seems poised to reinvigorate the core, freeing up funds to boost marketing behind core Pepsi, Gatorade and Tropicana brands and dominant but slower growing Frito-Lay equities. With shares relatively cheap, even off a depressed earnings base and few believing company can pull off the turnaround, we like risk/reward here and maintain our rating and PT."
For an analyst ratings summary and ratings history on Pepsico click here. For more ratings news on Pepsico click here.
Shares of Pepsico closed at $63.15 yesterday, with a 52 week range of $58.50-$71.89.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Wal-mart (WMT) Posts Q1 EPS of $1.14; U.S. Comps Down 1.4%; Guides Q2 EPS
- Lazard Cuts PT on Aruba (ARUN) to $18; Cisco Pressure Lingers, But Fundamentals Solid
- Expect Lower Guidance from NetApp (NTAP), But With Stock 'In Play' Downside is Limited - BMO Capital
Create E-mail Alert Related Categories
Analyst Comments, Management ChangesRelated Entities
Deutsche Bank, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
