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PepsiCo Inc Add to portfolio

INX:PEP, Aug 17, 03:49 UTC

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Marriott Extends Partnership With PepsiCo, Eyes Sales Growth - August 16, 2018

PEP

PepsiCo, which has been Marriott’s carbonated beverage provider since 1992, already has a reach to 4,000 properties in North America and more than 850 hotels, globally. After the extended agreement, PepsiCo will be providing beverages to more than 6,300 properties, including the additional 1,500 hotels and those joining the Marriott portfolio during the term of the agreement. How Will Marriott Gain From Extended Partnership? Marriott’s customers will also have access to all PepsiCo beverage offerings, such as Pepsi, Aquafina, LIFEWTR, Mountain Dew, bubbly, ready-to-drink coffee from Starbucks SBUX, Tropicana, Lipton Iced Tea and Gatorade. We believe that such a partnership will help Marriott to witness revenue growth in the future. For 2019, the Zacks Consensus Estimate predicts sales growth of 4.6% year over year. For the current year, the company expects comparable system-wide revenue per available room (RevPAR) to increase 2-3% in North America, 5-6% outside North America and 3-4% worldwide on a constant-dollar basis.

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Roundup Weed Killer Chemical Found in Cheerios and Quaker Oats

PEP

Roundup Weed Killer Chemical Found in Cheerios and Quaker Oats. FortuneAugust 15, 2018, 2:27 PM GMT. If you or your children are eating Cheerios right now, there’s a good chance that they’re accompanied by a potentially harmful weed killer called Roundup. The Environmental Working Group (EWG) on Wednesday released the results of a test it conducted on popular oat-based products, like Cheerios, Lucky Charms, Kind Bars, Nature Valley bars, and others, to determine whether they contained any of the herbicide glyphosate. Glyphosate is the active ingredient in Monsanto’s Roundup weed killer, and at high levels, has been linked to cancer. In 43 of the 45 conventional cases, it detected glyphosate. And in 31 of those cases, glyphosate levels were above the organization’s health benchmark of 160 parts per billion.

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Marriott International expands relationship with PepsiCo

PEP MAR

Daily travel & tourism news portal for the international travel trade market since 1999. The new deal is incremental to the 25+ year relationship between PepsiCo and Marriott. As a proven partner, PepsiCo will continue to support Marriott's strategic growth priorities by unlocking the food and beverage company's world-class design and content capabilities, as well as its cultural insights, culinary innovation and cutting-edge technology to elevate the overall guest experience. In addition to curating and making a broad beverage portfolio available to meet guest needs throughout the day – including loved brands1 such as Pepsi, Aquafina, LIFEWTR, Mountain Dew, bubly, Starbucks ready-to-drink coffee, Tropicana, Lipton Iced Tea and Gatorade – the agreement will present opportunities for additional guest access to PepsiCo's food brands, such as Quaker Oats and Frito-Lay snacks, which are already found at Marriott properties. PepsiCo has been the carbonated beverage provider for Marriott International since 1992, providing beverages at lobby markets, restaurants and bars, and via in-room dining, across 4,000 properties in North America and more than 850 hotels globally.

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Wednesday, August 15


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Roundup ingredient found in Cheerios, Quaker Oats, and other cereals

PEP

Days after a California jury awarded a school groundskeeper more than $289 million in damages after he claimed Monsanto’s best-selling weedkiller Roundup gave him cancer, the controversial ingredient – glyphosate — has been detected in popular kids’ breakfast cereals, including Cheerios, Lucky Charms and Quaker Old Fashioned Oats, according to an activist group. Lab tests conducted by the left-leaning Environmental Working Group (EWG), a nonprofit advocacy group that specializes in toxic chemicals and corporate accountability, indicated almost three-fourths of the 45 food products tested detected high levels of glyphosate, which has been identified as a “probable carcinogen” by the World Health Organization in 2015. But makers of the foods EWG tested said they and their suppliers operate within U.S. government safety guidelines and dismissed the group's findings as irrelevant. However, many EWG scientists consider levels higher than 160 parts per billion of glyphosate above the safety threshold and deem those levels as “protective of children’s health with an adequate margin of safety.”. What’s more, about one-third of the 16 samples made with organically grown oats also had glyphosate, but at levels below EWG’s benchmark. In a statement to FOX Business regarding the report, a General Mills’ spokesperson says, “Our products are safe and without questions they meet regulatory safety levels.”. Quaker also released a statement following the report, saying it does not add glyphosate during any part of the milling process,” and “glyphosate is commonly used by farmers across the industry who apply it pre-harvest.” Kellogg’s issued a similar statement, saying its food is safe and they follow the EPA’s strict standards for safely levels of these agricultural residues “and the ingredients we purchase from suppliers for our foods fall under these limits.”.

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Coca-Cola bets on Kobe sports drink in fight with Gatorade

PEP KO +1 more PEP KO CCH

(Reuters) - Coca-Cola Co is buying a minority stake in a sports drink brand backed by basketball star Kobe Bryant, it said on Tuesday, seeking to mount a stronger challenge to PepsiCo's Gatorade. Coca-Cola's investment in BodyArmor - which will make it the brand's second largest shareholder - comes as its Powerade drink competes for market share with Gatorade. Coke has also been rattled by falling demand for its trademark fizzy drinks. While Coke says there is "much work to be done" at Powerade, PepsiCo said last month that Gatorade was seeing higher demand after launching zero-sugar versions. BodyArmor is also backed by Dr Pepper Snapple - now part of Keurig Dr Pepper - which made a $20 million investment in 2015 and boosted its ownership to 15.5 percent in 2016. But Wells Fargo analyst Bonnie Herzog said Coca-Cola's investment could end BodyArmor's agreement with Dr Pepper.

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Marriott International Expands Relationship With PepsiCo

PEP MAR

Multiyear deal is incremental to existing Marriott International partnership; PepsiCo now beverage provider for 6,300+ properties. The new deal is incremental to the 25+ year relationship between PepsiCo and Marriott. As a proven partner, PepsiCo will continue to support Marriott's strategic growth priorities by unlocking the food and beverage company's world-class design and content capabilities, as well as its cultural insights, culinary innovation and cutting-edge technology to elevate the overall guest experience. In addition to curating and making a broad beverage portfolio available to meet guest needs throughout the day – including loved brands1 such as Pepsi, Aquafina, LIFEWTR, Mountain Dew, bubly, Starbucks ready-to-drink coffee, Tropicana, Lipton Iced Tea and Gatorade – the agreement will present opportunities for additional guest access to PepsiCo's food brands, such as Quaker Oats and Frito-Lay snacks, which are already found at Marriott properties. PepsiCo has been the carbonated beverage provider for Marriott International since 1992, providing beverages at lobby markets, restaurants and bars, and via in-room dining, across 4,000 properties in North America and more than 850 hotels globally.

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Tuesday, August 14


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PepsiCo Announces Timing and Availability of Third Quarter Financial Results and Conference Call

PEP

PURCHASE, N.Y., Aug. 14, 2018 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced that it will issue its third quarter 2018 (ending September 8) financial results on Tuesday, October 2, 2018 at approximately 6:00 a.m. Eastern Daylight Time (EDT) by posting the results on the company's website at www.pepsico.com/investors. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $63 billion in net revenue in 2017, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. We believe that continuously improving the products we sell, operating responsibly to protect our planet and empowering people around the world enable PepsiCo to run a successful global company that creates long-term value for society and our shareholders. For more information, visit www.pepsico.com.

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Sports Drink Wars: Coca-Cola (NYSE:KO) Acquires BodyArmor Stake In Challenge To Gatorade

PEP KO +1 more PEP KO CCH

The Coca-Cola Co (NYSE: KO)'s Powerade may never been able to match up with PepsiCo, Inc (NASDAQ: PEP)'s Gatorade, but Coca-Cola has a new plan to win the sports drink wars. Founded in 2011 by VitaminWater/Smartwater founder Mike Repole, BodyArmor is a fast-growing drink in the category and is expected to hit $400 million in revenue in 2018 — up from $235 million in 2017. The brand has high-profile minority owners including Kobe Bryant, who has a 10-percent equity stake, and is touted as a healthier alternative to Gatorade and Powerade. Keurig Dr Pepper Inc (NYSE: KDP)'s Dr. Pepper Snapple Group has a 15-percent stake in BodyArmor, but following the close of a merger with Keurig, Wells Fargo analyst Bonnie Herzog said that the newly formed company is not interested in minority stakes.

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Coca-Cola bets on Kobe sports drink in fight with Gatorade

PEP KO +1 more PEP KO CCH

(Aug 14): Coca-Cola Co is buying a minority stake in a sports drink brand backed by basketball star Kobe Bryant, it said on Tuesday, seeking to mount a stronger challenge to PepsiCo's Gatorade. Coca-Cola's investment in BodyArmor — which will make it the brand's second largest shareholder — comes as its Powerade drink steadily cedes market share to Gatorade. Coke has also been rattled by falling demand for its trademark fizzy drinks. While Coke says there is "much work to be done" at Powerade, PepsiCo said last month that Gatorade was seeing higher demand, after launching zero-sugar versions. BodyArmor is also backed by Dr Pepper Snapple — now part of Keurig Dr Pepper — which made a US$20 million investment in 2015 and boosted its ownership to 15.5% in 2016. But Wells Fargo analyst Bonnie Herzog said Coca-Cola's investment could end BodyArmor's agreement with Dr Pepper.

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Coca-Cola is fighting Gatorade by investing in BodyArmor

PEP KO +1 more PEP KO CCH

Coke said it will take a big stake in red-hot sports drink maker BodyArmor, becoming the company's second-largest shareholder. Body Armor is an attractive competitor to both Gatorade and Coke's own Powerade, the biggest players in the sports drink sector. In 2016, Dr Pepper Snapple said that it has increased its investment in Body Armor's parent company to $26 million, giving it a 15.5 percent stake in the company. Gatorade has controlled the nearly $8 billion U.S. sports drink industry for decades, grabbing about 75 percent of the market, according to research firm Euromonitor International. But sales ticked down 0.5 percent last year to $5.9 billion in the United States, according to Euromonitor. And the brand lost market share.

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