Posts Tagged ‘PEP’

  • Pepsi Beat Earnings
    , October 12th, 2011 at 9:53 am

    Pepsi ($PEP) isn’t on my Buy List but it’s a stock I like a lot. The company has raised its dividend for the last 39 years in a row. Also, Pepsi is a lot more than soft drinks. Close to half of its sales come from snacks.

    Pepsi just reported third-quarter earnings that were one penny better than expectations:

    PepsiCo Inc., the world’s largest snack-food maker, reported a 4.1 percent rise in third-quarter profit, helped by price increases and sales of snacks in Latin America.

    Net income advanced to $2 billion, or $1.25 a share, from $1.92 billion, or $1.19, a year earlier, Purchase, New York- based PepsiCo said today in a statement. Profit excluding some items totaled $1.31 a share, beating the $1.30 average of 14 analysts’ estimates compiled by Bloomberg.