Spokesperson Says Pepsi (PEP) Held 'Constructive' Talks with Relational
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Price: $130.18 -0.77%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.2%
EPS Growth %: +0.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.2%
EPS Growth %: +0.4%
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Shares of Pepsi (NYSE: PEP) are continuing higher as a spokesperson for the company has not only confirmed rumors of a stake by Ralph Whitworth's Relational Investors, but also said the company held "constructive" talks with the fund.
The stock hit an intraday high at $68.60.
The stock hit an intraday high at $68.60.
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