PepsiCo to waive clause in bottling deal as Carlsberg eyes $3.9 bln Britvic bid
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2024
0mins
Source: reuters
- Carlsberg's Potential Acquisition of Britvic: Carlsberg is considering acquiring Britvic, a soft drinks maker in the UK, after its $3.9 billion bid was rejected.
- PepsiCo's Waiver of Clause: PepsiCo has agreed to waive a clause in its bottling deal with Britvic, making Britvic more attractive for acquisition by Carlsberg.
- Market Reaction: Britvic's shares surged 10% to an all-time high, while Carlsberg's stock slightly declined following the news.
- Control Clause and Franchise Agreement: The waiver of the change of control clause would be effective if Carlsberg's acquisition of Britvic, recommended by Britvic's board, is completed.
- Partnership Implications: Carlsberg's potential acquisition could lead to an extended partnership with Pepsi and may impact current Coca-Cola bottling agreements in Denmark and Finland.
Analyst Views on PEP
Wall Street analysts forecast PEP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PEP is 161.90 USD with a low forecast of 144.00 USD and a high forecast of 172.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
6 Buy
6 Hold
0 Sell
Moderate Buy
Current: 144.400
Low
144.00
Averages
161.90
High
172.00
Current: 144.400
Low
144.00
Averages
161.90
High
172.00
About PEP
PepsiCo, Inc. is a global beverage and convenient food company. The Company’s segments include PepsiCo Foods North America (PFNA), PepsiCo Beverages North America (PBNA), International Beverages Franchise (IB Franchise), Europe, Middle East and Africa (EMEA), Latin America Foods (LatAm Foods), and Asia Pacific Foods. PFNA segment includes all of its convenient food businesses in the United States and Canada. PBNA segment includes all of its beverage businesses in the United States and Canada. IB Franchise segment includes its international franchise beverage businesses, as well as its SodaStream business. EMEA segment includes its convenient food businesses and beverage businesses with Company-owned bottlers in Europe, the Middle East and Africa. LatAm Foods segment includes all of its convenient food businesses in Latin America. Asia Pacific Foods segment consists of its convenient food businesses in Asia Pacific, including China, Australia and New Zealand, as well as India.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
