PepsiCo (NASDAQ:PEP) announced today that net income in the first quarter was flat versus a year ago, as the company was able to raise prices to make up for rising ingredient costs. The company earned $1.13 billion, or 71 cents per share,versus $1.14 billion, or 71 cents per share, in the same period last year. Excluding one-time items, the company earned 69 cents per share, beating expectations of 66 cents per share. Revenue grew by four percent to $12.43 billion, mostly due to price increases.
Shares are lower by 0.36 percent in early trading.
Rival Coca Cola (NYSE:KO) today announced that it is seeking its first stock split in 16 years. The proposed 2-for-1 split is in line with a plan by the company to double revenue during the decade. The split would increase the number of shares to 11.2 billion from 5.6 billion.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.