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Business Insider spoke with 18 execs for the leadership series "Looking Ahead 2024." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLeaders and executives from 18 companies shared vision, strategy, and challenges for Business Insider's "Looking Ahead 2024." This story is available exclusively to Business Insider subscribers.
Persons: Slack, , Gen Organizations: LinkedIn, Deloitte, PepsiCo, Nestlé, Intuit, Service, Business
French grocery chain Carrefour is pulling PepsiCos sodas and snacks from its shelves over higher prices. Carrefour is putting up signs informing customers of "unacceptable price increases," Reuters reported. AdvertisementPepsiCo, one of the world's biggest food companies, reportedly wants to raise prices so much that one grocery store chain in France won't sell its products anymore. Soon shoppers at French chain Carrefour won't be able to buy Lay's chips, Pepsi soda, or other products from the company, Reuters reported on Thursday. Shelves with PepsiCo products will carry signs saying the grocer won't be selling the items anymore due to "unacceptable price increases," a spokesperson for the grocery chain told Reuters.
Persons: PepsiCos, Organizations: Carrefour, Reuters, PepsiCo, Service, Pepsi, Business Locations: France
AdvertisementParth Raval is a big fan of planning, especially at a company like PepsiCo. As chief growth officer for PepsiCo Foods North America, Raval has to balance the short term with the long term. Continuing to build out and accelerate agendas around longer-range planning across supply and demand, and using technology to help us be more granular. I think this was manifested in longer-range planning across supply and demand, as macroeconomic factors created an imbalance at times. It's actually something we're going to turn to in 2024 to do better, longer-range planning.
Persons: Raval, , he'd, there's, — we'd Organizations: PepsiCo Foods North America, Service, PepsiCo, PepsiCo Foods North, Quaker, Business Locations: Business, PepsiCo Foods North America, America
It looked at culture, hiring, pay and promotions to see how companies invest in their workers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCoca-Cola was just ranked as the best place to work for career growth in the American Opportunity Index 2023 report . AdvertisementCoca-Cola was ranked top overall, largely because of its hiring, pay, and culture scores. In the past, it has made Glassdoor's ranking of the top 10 companies with the happiest employees and was included in its best places to work list from 2012 through to 2022.
Persons: , Lisa Chang, Chang, Meta, Salesforce Organizations: American Opportunity, Meta, Costco, Service, American, Harvard Business School, Foundation, Glass Institute, Cola, PepsiCo, PNC Financial Services Group, Amazon, Microsoft, AOI Locations: Glassdoor, W.W, Grainger
Call of the Day: Barron's makes bullish call on PepsiCo
  + stars: | 2023-12-04 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCall of the Day: Barron's makes bullish call on PepsiCoThe "Halftime Report" traders debate the biggest analyst calls of the day.
Organizations: PepsiCo
Over the last 10 years of market turbulence, there haven't been very many stocks that have seen a more than 1,000% compound return. Fewer still of these "tenbaggers," companies that have multiplied in value 10 times, have sizeable upside expectations ahead. The average analyst still sees potential upside of 40%. Early last month, Jefferies began research coverage of Celsius with a buy rating, citing several growth opportunities that lie ahead. With a 10-year compound total return of nearly 13,000%, chipmaker Nvidia was also at the top of the list.
Persons: Jefferies, Kaumil Gajrawala, Fred Imbert Organizations: CNBC, Holdings, PepsiCo, Nvidia, Microsoft, Semiconductor, Broadcom, Builders, Neurocrine Biosciences Locations: Florida
Benioff says he sleeps eight hours a night and meditates for up to an hour a day. Benioff said that he averages about eight hours of sleep a night. Though some business leaders swear they can survive on half the amount of sleep, Benioff isn't one of them. Asked about the entrepreneurs who say they get only four hours of sleep a night, Benioff quickly batted the idea down. Benioff also has a strict meditation routine that he's been dedicated to since 1992, according to GQ.
Persons: Marc Benioff's, Benioff, , Marc Benioff, Jack Dorsey, Indra Nooyi, Jeff Immelt, Barack Obama, Donald Trump Organizations: GQ, Service, Pepsico, General, SFGate, San Locations: San Francisco, Plum Village, France
Doritos developed an AI to silence chewing sounds on calls, especially gaming sessions. AdvertisementGamers, remote workers, and others who annoy others with chewing Doritos during their calls have a new tool to silence the noise. Doritos Silent, made by the PepsiCo-owned chip brand, cancels the sound of chewing on voice calls. Smooth Technology, an engineering and design studio, worked with Doritos to create Doritos Silent, the chip brand said in a statement. AdvertisementCreating the software involved recording roughly 500 people eating Doritos, Dylan Fashbaugh, lead developer at Smooth Technology, told the Post.
Persons: Doritos, , Mustafa Shamseldin, Fernando Kahane, Indra Nooyi, Dylan Fashbaugh, Fashbaugh Organizations: Service, PepsiCo, Washington, Technology, Smooth Technology
Analysts generally say that for consumers in China today, daily essentials, rather than discretionary goods, are in. Top picks Both are on Jefferies' top picks list for the China consumer in 2024. In addition to being a staple at business dinners in China, Moutai has tried to branch out with co-branding in chocolate, ice cream and coffee. But the company said it expected the Chinese market to "to return to mid single-digit growth" in coming periods. The firm analyzed 80 publicly-listed consumer companies with a majority of revenue from mainland China.
Persons: China haven't, Jefferies, they'd, Alibaba, Moutai, Gamble, It's, North America —, Andy, McKinsey's Daniel Zipser, — CNBC's Michael Bloom Organizations: OC, C, Nestle, PepsiCo, Procter, Foods, China, Pacific Sun Advisors, McKinsey Locations: China, Shanghai, Hong Kong, U.S, Wednesday's, Shenzhen, Friday's, China —, North America, Asia
Apple’s Steve Jobs and Twitter’s Jack Dorsey made similar comebacks at the companies they founded. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPerhaps the most obvious example is Steve Jobs, who famously left Apple in 1985 after a boardroom struggle. If your company's board is willing to get rid of you once, they'll probably do it again.
Persons: Sam Altman, , Steve Jobs, Jack Dorsey, , hadn't, Altman, Greg Brockman, Jobs, John Sculley –, he'd, Travis Kalanick –, Uber, they'll, Dorsey, Elliott, Paul Singer, Elon Musk, Bob Iger, Howard Schultz, Uber's Kalanick, Adam Neumann Organizations: Service, Microsoft, Apple, PepsiCo, NeXT, Twitter, Elliott Management, Disney, Starbucks – Locations: Recode
Celsius, the suddenly-ubiquitous energy drink, is a favorite of Gen Z — and Capitol Hill. "I love to take meetings in front of the Celsius vending machine," he told Business Insider. "It's a way better alternative to coffee, honestly," Robertson told Business Insider. "Capitol Hill is full of young, energetic career-oriented people who by and large care about fitness," he told Business Insider. Stanford said these young workers are part of a new consumer group that's helping drive the overall growth of the energy drink market.
Persons: Z, , Matthew Hoekstra, Gen Z, Brent Robertson, Roger Marshall, Victoria Knight, Knight, she's, Robertson, Hoekstra —, Matthew Hoekstra Florida, Anna Paulina Luna, w3O2gsMYXP —, Eric Garcia, Rayburn, Dirksen, — Doug Andres, @DougAndres, curt, Duane Stanford, Stanford, Hoekstra, John Parra, Garcia Organizations: Capitol, Service, Republican Kansas, Capitol Press Corps, PepsiCo, Vibe, Caucus, The Independent, Republican House, Cannon, Beverage, Essential Energy, Republicans Locations: Washington, Rayburn
The use of weight-loss drugs such as Ozempic is poised to change consumer consumption patterns, but not every food-related company will get hit in the same way, according to Morgan Stanley. Fast food restaurants were especially vulnerable. "Shoppers with obesity spend more at large fast food brands and, on a relative basis, less at fast casual restaurants and casual diners," Morgan Stanley said. One stock that is closer to a risky pure play is McDonald's , which is second highest on the list, according to the Morgan Stanley research. Low cost retailers like Walmart and snack and beverage companies like Pepsico are also exposed, according to the Morgan Stanley research.
Persons: Morgan Stanley, Eli Lilly, Pamela Kaufman, Kaufman, Tim Hortons, Burger, Taco Bell, — CNBC's Michael Bloom Organizations: Novo Nordisk, Denmark's Novo Nordisk, Restaurant Brands, Yum Brands, Walmart, Pepsico Locations: U.S
Sam Altman's ouster has been so unpopular that most OpenAI workers have threatened to quit. The chaotic ouster of Sam Altman from OpenAI offers lessons around corporate stewardship and about seizing opportunity . It's a remarkable and uncommon show of support for a top dog at a company, leadership experts told Business Insider. Young, leadership expert and author of "Kissinger's Betrayal: How America Lost the Vietnam War" told BI. "Emotions and personalities play a much greater role in the small company," he said.
Persons: Sam Altman's, , didn't, Sam Altman, It's, Satya Nadella, Altman, Jamie Dimon, Warren, Jeff Bezos, Jerry McGuire, Jeffrey Sonnenfeld, Sonnenfeld, who's, Steve Jobs, it's, Ken Frazier, Merck, Indra Nooyi, Marc Benioff, Benioff, Stephen B . Young, Young Organizations: Service, OpenAI, JPMorgan, Yale School of Management, Yale's, Leadership, Apple, PepsiCo Locations: Salesforce, Vietnam
The stock of Club holding Morgan Stanley (MS) dropped to $70 from $100 before bouncing back to $80 when interest rates recently peaked. Morgan Stanley and Schwab did nothing bad or shameful, but their multiples are shadows of their former selves. At least Morgan Stanley has a nice dividend yield of 4.25%. Key, Huntington, First Horizon, Morgan Stanley and Schwab are all good franchises that are regarded as cheap. The Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023.
Persons: It's, Huntington Bancshares, Stephen Steinour, Chris Gorman, Bryan Jordan, Morgan Stanley, That's, Charles Schwab, Schwab, We're, Macy's, Albert Bourla, Myers, Meyers, Eli Lilly, let's, Mills, Campbell Soup, WK Kellogg, McCormick, Neutrogena, Johnson, Edwards, Zimmer Biomet, Becton Dickenson, Baxter, BAX, Ford, Hess, Tesla, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Dominion, Federal Reserve, Nordstrom, Pfizer, Bristol, Myers, Hostess Brands, Novo Nordisk, PepsiCo, Hershey, Brands, Spice, Johnson, Moderna, American Electric Power, Duke Energy, Motors, JetBlue, EOG Resources, ConocoPhillips, Exxon Mobil, Nvidia, Apple, Federal Trade Commission, CNBC, Santiago, Getty Locations: Huntington, Memphis, Tennessee, Toronto, United States, Celgene, Bristol, New York City
"We will continue working to better facilitate high-standard trade that advances workers' rights through strong enforcement of labor standards." Biden was also to take part on Thursday in an event for the Indo-Pacific Economic Framework (IPEF), a 14-nation group his administration established. Hopes for an IPEF trade deal were dashed this week. Asked how long an IPEF trade agreement could take to conclude, an administration official said most negotiations take years but the White House intended to work on an "accelerated timeline." "A stable relationship between the world's two largest economies is not merely good for those two economies but for the world," Biden said to applause.
Persons: Joe Biden, Biden, White, Donald Trump, Republican Trump, Fumio Kishida, Xi Jinping, Justin Trudeau, Anthony Albanese, Dina Boluarte, Srettha Thavisin, Hassanal, Gina Raimondo, Xi, Trevor Hunnicutt, David Brunnstrom, Nandita Bose, Katharine Jackson, Andrea Shalal, Heather Timmons, Josie Kao, Cynthia Osterman Organizations: FRANCISCO, Asia, Economic Cooperation, Economic, Democrat, Republican, APEC, IMF, Amazon.com, Delta Air Lines, PepsiCo, Apple, Boeing, Japan's, Canada's, Australia's, Brunei's, Monetary Fund, . Commerce, Trans, Pacific, Trump, U.S, Thomson Locations: Pacific, San Francisco, Asia, ASIA, U.S, Thailand, China, United States
New York CNN —New York’s water and parks are full of plastic waste. PepsiCo has downplayed the risks of its plastic packaging and created a public nuisance in the state, she alleged in a lawsuit filed against the company on Wednesday. Additionally, PepsiCo has failed to properly warn the public about where its plastic packaging ends up, according to the lawsuit, making it sound like recycling will effectively deal with plastic waste. Environmental advocates activists are hopeful that the complaint could help change the way lawmakers approach plastic pollution. Generally, lawsuits surrounding plastic pollution are brought by non-profits, not government officials, she said.
Persons: litterbugs, Letitia James, It’s, James, , , Kirstie Pecci, Just, “ There’s, Judith Enck, James ’ Organizations: New, New York CNN, New York, PepsiCo, Pepsi, Research, CNN, Environmental, Beyond Plastics Locations: New York, Buffalo, City, Lake Erie, , Niagara, Vermont, York State
REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsCompanies PepsiCo Inc FollowNEW YORK, Nov 15 (Reuters) - New York state sued PepsiCo (PEP.O) on Wednesday, accusing the beverage and snack food giant of polluting the environment through its single-use plastic bottles, caps and wrappers. The lawsuit filed in state court in upstate Erie County is among the first by a U.S. state to target a major plastics producer. The lawsuit seeks to force PepsiCo to stop causing a nuisance, clean up contamination, and provide other relief. California in 2022 announced it was conducting an investigation into the fossil fuel and petrochemical industries' role in plastic pollution. Reporting by Jonathan Stempel in New York; Editing by Chizu Nomiyama and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: Shannon Stapleton, Letitia James, PepsiCo, James, Jack, Doritos, Jonathan Stempel, Chizu Nomiyama, Jonathan Oatis Organizations: Pepsi, REUTERS, PepsiCo, Gatorade, Lay's, Thomson Locations: New York, U.S, Erie County, Buffalo, Purchase , New York, Fritos, Lipton, Tostitos . Connecticut, Minnesota, . California
The New York attorney general sued PepsiCo on Wednesday, accusing the food and beverage giant of endangering the environment and misleading the public about its goals to eliminate single-use plastic in its packaging. The attorney general, Letitia James, said her office had found that much of the plastic waste along the Buffalo River was from the company’s products. Ms. James is seeking unspecified damages and demanding that the company provide a remedy for the contamination in the Buffalo region caused by its products and reduce the quantity of PepsiCo’s plastic packaging entering the river. Ms. James is also demanding that the company stop selling or distributing single-use plastic products in the Buffalo area that do not contain “adequate” warning labels. “All New Yorkers have a basic right to clean water, yet PepsiCo’s irresponsible packaging and marketing endanger Buffalo’s water supply, environment and public health,” Ms. James said in a statement.
Persons: Letitia James, James, Ms Organizations: New, PepsiCo Locations: New York, Buffalo
“No company is too big to ensure that their products do not damage our environment and public health. All New Yorkers have a basic right to clean water, yet PepsiCo’s irresponsible packaging and marketing endanger Buffalo’s water supply, environment, and public health,” James said in a statement. PepsiCo is the single largest identifiable contributor to the plastic waste contaminating the Buffalo River, according to the lawsuit. Microplastics have also been found in fish species that are known to inhabit Lake Erie and the Buffalo River, as well as Buffalo's drinking water supply, according to the lawsuit. The lawsuit alleges that the opposite is happening, and that PepsiCo misled the public about its efforts to combat plastic pollution.
Persons: Letitia James, ” James, Microplastics, , Jill Jedlicka, James Organizations: — New York, PepsiCo Inc, PepsiCo, Frito, Lay Inc, Lay, America Inc, state’s Department of Environmental, Buffalo Niagara, Gatorade, Pepsi Locations: ALBANY, N.Y, Buffalo, , Lake Erie, United States, New York
NEW YORK (AP) —The Federal Trade Commission on Wednesday said it issued warnings to two food and beverage industry groups, as well as a dozen online influencers, for failing to adequately disclose paid social media posts that promoted a sweetener and sugary products. The warnings follow updated guidelines the agency published this summer requiring influencers to prominently disclose advertisements and paid social media posts that promote products for companies. The FTC said it reviewed posts by health influencers — including registered dieticians — who endorse “sugar-containing products” and appear to be paid by the Canadian Sugar Institute. The agency wrote in the letters to the trade groups that the posts may violate federal law and could cost them up to $50,120 in penalties per violation. The Canadian Sugar Institute did not immediately respond to a request for comment.
Persons: influencers, dieticians —, William M, Dermody Jr, dieticians, ” Dermody, , ” Samuel Levine Organizations: Federal Trade Commission, American Beverage Association, PepsiCo, Canadian Sugar Institute, FTC, Health, American Beverage, Consumer Locations: dietitians, FTC’s
REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsCompanies PepsiCo Inc FollowNEW YORK, Nov 15 (Reuters) - New York state sued PepsiCo (PEP.O) on Wednesday, accusing the beverage and snack food giant of polluting the environment and endangering public health through its single-use plastic bottles, caps and wrappers. The lawsuit filed in state court in upstate Erie County is among the first by a U.S. state to target a major plastics producer. "All New Yorkers have a basic right to clean water, yet PepsiCo's irresponsible packaging and marketing endanger Buffalo’s water supply, environment, and public health," she said in a statement. The New York lawsuit also said PepsiCo has deceived consumers by announcing various targets to reduce the amount of non-recycled plastic it uses in packaging, although it has actually increased its usage. The lawsuit seeks to force the Purchase, New York-based company to stop causing a nuisance, clean up contamination and pay for damages caused by plastic waste.
Persons: Shannon Stapleton, Letitia James, PepsiCo, James, Jack, Doritos, Judith Enck, Obama, Clark Mindock, Jonathan Stempel, Chizu Nomiyama, Jonathan Oatis, Alexia Garamfalvi Organizations: Pepsi, REUTERS, PepsiCo, The New, Gatorade, Lay's, Plastics, Environmental Protection Agency, Thomson Locations: New York, U.S, Erie County, Buffalo, The New York, , New York, Fritos, Lipton, Connecticut, Minnesota, . California
The lawsuit seeks to force Pepsi and Frito-Lay to clean up wrappers and bottles on the shores of the Buffalo River. Microplastics have been found in fish species and in Buffalo's drinking water supply, the lawsuit alleges. "No company is too big to ensure that their products do not damage our environment and public health. "We will not sit idly by as our waterways become polluted again, this time from ever-growing single-use plastic pollution." It also asks that the company take steps to prevent additional plastic pollution from entering the Buffalo River.
Persons: Letitia James, , James, Microplastics, Jill Jedlicka Organizations: NY, PepsiCo, Pepsi, Frito, Service, New, PepsiCo Inc, Lay Inc, Lay, America Inc, state's Department of Environmental, Buffalo Niagara, Gatorade Locations: Buffalo, Lake Erie, United States, New York
Jefferies initiates PepsiCo as buy Jefferies called PepsiCo a defensive stock. " Jefferies initiates Procter & Gamble as buy Jefferies said in its initiation of the stock that it's a top and bottom line growth leader. Jefferies initiates Colgate-Palmolive as buy Jefferies said it sees a "reinvigorated" brand lineup for Colgate. Citi reiterates Amazon and Meta as buy Citi said it's bullish on the partnership between Amazon and Meta. Citi reiterates Eli Lilly as buy Citi said it's standing by its buy rating on the stock.
Persons: Piper Sandler, Stifel, CrowdStrike, KBW, it's, Bernstein, buybacks, Airbnb, BTIG, Raymond James, Natera, Hewlett Packard, Jefferies, Colgate, Morgan Stanley, Edward Jones, Olin, it's bullish, Truist, Citi, Eli Lilly, Lilly, Melius Organizations: UBS, Barclays, Apple, Piper, Capital Holdings, Guardant, Citi, Hewlett, PepsiCo, Pepsi, Procter, Gamble, G, Constellation Brands, Constellation, Colgate, Palmolive, Mirum Pharmaceuticals, Oracle, North America, Amazon, Social Commerce, ~$
“Pesticide exposure during pregnancy may lead to an increased risk of birth defects, low birth weight, and fetal death,” the American Academy of Pediatrics stated. “Exposure in childhood has been linked to attention and learning problems, as well as cancer.”Yet pesticide exposure is widespread, even for chemicals that were banned years ago by federal agencies. In the 2023 Shopper’s Guide to Pesticides in Produce — a list of nonorganic produce with the most pesticides — researchers found 210 different pesticides on the 12 foods. In addition, consumers can ask food companies to “release the actual test results of pesticide concentrations in their products,” said EWG’s Temkin. “Food companies have not been publishing such data, instead relying on generalities,” she said via email.
Persons: , Cailin Dendas, , disheartening, Jane Houlihan, Houlihan, Kale, collard, ” Alexis Temkin, toxicologist, ” Dendas, Jim Watson, Dendas, Sow, General Mills, Archer Daniels, Lamb, Nestlé, Dane Lisser, Shelby Stoolman, EWG’s, Temkin, ” Temkin, “ Steer Organizations: CNN, “ Pesticides, Healthy, , , American Academy of Pediatrics, Environmental, US Environmental Protection Agency, Environmental Protection Agency, US Centers for Disease Control, Getty, Archer Daniels Midland Co, PepsiCo Inc, Conagra Brands Inc, Campbell Soup Company, Lamb Weston Holdings Inc, G Foods Inc, Cargill, Danone S.A, Del Monte Pacific Ltd, General, Inc, Kraft Heinz Company, Mars Incorporated, Mondelēz, Post Holdings Inc, ADM, US Food and Drug Administration Locations: United States, AFP
However, we did not learn much in the way of strategic partnerships for ESPN and its TV business. That's a significant improvement from the nearly $5 billion it generated in fiscal 2023 and $6.7 billion analysts expected for 2024. DTC, housed in the Entertainment segment, saw quarterly narrow to $420 million from $1.4 billion in fiscal 2022 Q4. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: Bob Iger's, Nelson Peltz, Disney, That's, Hotstar, it's, Iger, Hugh Johnston, Johnston, Jim Cramer's, Jim Cramer, Jim, Walt, Joe Raedle Organizations: Disney, Revenue, LSEG, Sports, ESPN, Entertainment, Hulu, CNBC, Comcast, Disney Cruise, Disney Vacation, Disneyland, PepsiCo, Walt Disney, Getty Locations: Hulu, Orlando , Florida
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