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

PEPSICO, INC.

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PepsiCo : Bang Energy Drinks Maker Says Ending Distribution Deal With PepsiCo

11/17/2020 | 12:20pm EST

By Colin Kellaher

The maker of Bang Energy drinks on Tuesday said it is terminating an exclusive U.S. distribution agreement with PepsiCo Inc. that the companies struck earlier this year.

Vital Pharmaceuticals Inc. said the termination, which is effective in October 2023, was due to "multiple issues and concerns regarding PepsiCo's performance" since the partnership began in April.

PepsiCo said it was disappointed that Vital is moving to end the deal, "especially given the rapid success we've had in significantly expanding the presence and availability of Bang Energy drinks in retail and foodservice across the country."

PepsiCo noted that it remains the exclusive distributor of Bang drinks in the U.S. for the full termination period, and that it will continue to fulfill its obligations under the agreement.

PepsiCo in late April announced the Bang deal just at it completed its $3.85 billion acquisition of Rockstar Energy Beverages as part of a push to expand its presence in the fast-growing energy-drink category.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

11-17-20 1219ET

Stocks mentioned in the article
ChangeLast1st jan.
PEPSICO, INC. -0.26% 141.39 Delayed Quote.-4.66%
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Financials (USD)
Sales 2020 69 555 M - -
Net income 2020 7 411 M - -
Net Debt 2020 34 837 M - -
P/E ratio 2020 26,5x
Yield 2020 2,83%
Capitalization 195 B 195 B -
EV / Sales 2020 3,31x
EV / Sales 2021 3,14x
Nbr of Employees 267 000
Free-Float 74,0%
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Technical analysis trends PEPSICO, INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 154,58 $
Last Close Price 141,39 $
Spread / Highest target 19,5%
Spread / Average Target 9,33%
Spread / Lowest Target -4,52%
EPS Revisions
Managers and Directors
NameTitle
Ramon Luis Laguarta Chairman & Chief Executive Officer
Hugh F. Johnston Vice Chairman, Chief Financial Officer & EVP
Rene Lammers Chief Science Officer & Executive Vice President
Seth Cohen Chief Information Officer & Senior Vice President
Daniel Lucius Vasella Independent Non-Executive Director
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