PepsiCo Inc (NYSE:PEP) Dominating Retail Market
PepsiCo, Inc (NYSE:PEP)’s snacks like Doritos and Cheetos dominate the retail market but the company’s drinks unit has always stood 2nd in line in comparison to Coca-Cola the world’s leading beverage maker. This bitter fact surfaced once again in the company’s Q3 as it reported better than expected profits in its snacks segment. This offset the 4% drop in volume in its drinks unit in North America. In the region, there was a drop in soda volume and the company said that to a certain extent this was due to its strategy of increasing or holding its prices. Uncarbonated drinks dipped to low single digits.
Just a day prior, Coca-Cola reported hearty results for its North American drinks unit and there was a 2% rise in overall volume. There was a 5% rise in uncarbonated drinks and soda volume remained stagnant in comparison to the previous year. Despite this dip in volumes, Indra Nooyi, the company’s chief Executive Officer said that overall, the $95B beverage-industry is quite a good business in terms of cash –generation for PepsiCo, Inc (NYSE:PEP)
In Wednesday’s trading, PepsiCo, Inc (NYSE:PEP) rose by 2.07%. The opening price of the shares was $82.00, which climbed to an intraday high of $82.40 and dipped to a close of $82.27. Approximately 7.38 million shares were traded on Wednesday while an average volume of 4.54 million shares were traded over a 30 day period. The 52-week low of PepsiCo, Inc (NYSE:PEP) shares is $67.39 and its 52-week high is $87.06. The company has a market capitalization of $126.94 billion.
About the company
PepsiCo, Inc (NYSE:PEP) is an international F&B company. It is organized into 4 business units: 1) PepsiCo Americas Foods – this includes Frito-Lay in North America , 2) Quaker Foods North America and all the Latin American food & snack businesses 3) PepsiCo Americas Beverages- this includes all the Latin American and North American beverage businesses.