PepsiCo (NYSE:PEP) Stock Hikes after Billionaire Nelson Peltz Stake – PEP, KO, CCE, COT

PepsiCo, Inc (NYSE:PEP) announced that it does not require large-scale purchased after a newspaper announced billionaire investor Nelson Peltz has built stakes in PepsiCo, world’s second biggest soft drink maker, and food maker Mondelez International Inc (NASDAQ:MDLZ) and may agitate for a merger.

The Daily Telegraph reported by mentioning a source with knowledge about the matter that the size of Peltz’s Trian Fund Management LP stakes is unclear.

A person with information told newspaper that Nelson Peltz has spent around $2 billion on his most recent foray into the food industry.

The Telegraph reported by mentioning unidentified people in London that Peltz could push for a merger of two U.S. packaged food companies.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. The Coca-Cola Company (NYSE:KO) fell -0.07% to settle at $40.04, Coca-Cola Enterprises Inc (NYSE:CCE) moved up +0.81% to end at $37.18 while Cott Corporation (USA) (NYSE:COT) jumped +0.30% to finish at $9.90 on Friday.

PepsiCo, Inc. (NYSE:PEP) last session’s volume of 14.23 million shares was surprisingly higher than its average volume of 6.16 million shares. The stock after opening at $76.74 hit high price of $79.27 and then closed at $78.64 by scoring +3.27%.

The liquidity measure in recent quarter results of the company was recorded 1.10 as current ratio and on the other side the debt to equity ratio was 1.27 and long-term debt to equity ratio remained at 1.06. The Company had total cash of $6.62 billion at hand and a book value per share as $14.52 in the most recent quarter.

The stock’s price volatility was 1.36% for a week and 0.97% for a month as well as price volatility’s Average True Range for 14 days was 0.91 and its beta remained at 0.48.

PEP generated revenue of $65.49 billion in the previous twelve months and earned $6.17 billion. The Company showed a positive 9.49% in the net profit margin as well as in its operating margin which remained at 13.91%. Company’s annual sales growth for the past five years was 10.66%.

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