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MarketScreener Homepage  >  Equities  >  Nasdaq  >  PepsiCo, Inc.    PEP

PEPSICO, INC.

(PEP)
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PepsiCo : B&G Foods to remove Cream of Wheat Black chef image from packaging

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09/24/2020 | 12:55pm EDT

Sept 24 (Reuters) - B&G Foods Inc said on Thursday it would drop an image of a Black chef from the packaging of its Cream of Wheat porridge mix, the latest company to make branding changes widely considered as racially insensitive.

Companies including Mars Inc and PepsiCo Inc are changing names and branding of some of their products that are rooted in racist imagery amid a wider national debate over racial inequality in the United States.

"For years, the image of an African-American chef appeared on our Cream of Wheat packaging. While research indicates the image may be based upon an actual Chicago chef named Frank White, it reminds some consumers of earlier depictions they find offensive," B&G Food said in a statement.

The condiments and sauce maker is expected to roll out new packaging in the first quarter of 2021, it said.

On Wednesday, Mars said it was changing the name and branding of its Uncle Ben's rice products, while PepsiCo said in June that it would rename and change the brand image of its Aunt Jemima pancake mix and syrup. (Reporting by Nivedita Balu in Bengaluru; Editing by Anil D'Silva)


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Financials (USD)
Sales 2020 69 517 M - -
Net income 2020 7 514 M - -
Net Debt 2020 34 809 M - -
P/E ratio 2020 26,2x
Yield 2020 2,87%
Capitalization 193 B 193 B -
EV / Sales 2020 3,28x
EV / Sales 2021 3,12x
Nbr of Employees 267 000
Free-Float 74,0%
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Technical analysis trends PEPSICO, INC.
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TrendsBullishBullishNeutral
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 152,17 $
Last Close Price 139,56 $
Spread / Highest target 21,1%
Spread / Average Target 9,03%
Spread / Lowest Target -3,27%
EPS Revisions
Managers
NameTitle
Ramon Luis Laguarta Chairman & Chief Executive Officer
Hugh F. Johnston Vice Chairman, Chief Financial Officer & EVP
Rene Lammers Chief Science Officer
Seth Cohen Chief Information Officer & Senior Vice President
Daniel Lucius Vasella Independent Non-Executive Director
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