Shares of PepsiCo, Inc. (NYSE:PEP) ended Tuesday session in green amid volatile trading. The shares closed up +0.05 points or 0.05% at $107.92 with 2.91 million shares getting traded. Post opening the session at $107.79, the shares hit an intraday low of $107.39 and an intraday high of $108.12 and the price vacillated in this range throughout the day. The company has a market cap of $156.15 billion and the numbers of outstanding shares have been calculated to be 1.44 billion shares.
PepsiCo, Inc. (PEP) announced that it will issue its third quarter 2016 (ending September 3rd) financial results on Thursday, September 29, 2016 at approximately 6:30 a.m. Eastern Daylight Time (EDT). The earnings conference call for investors and financial analysts will be webcast at 8 a.m. EDT that morning.
The press release and webcast will be available at www.pepsico.com in the “Investors” section under “Events and Presentations.”
Shares of ConAgra Foods Inc (NYSE:CAG) ended Tuesday session in red amid volatile trading. The shares closed down -0.23 points or -0.49% at $46.41 with 1.61 million shares getting traded. Post opening the session at $46.58, the shares hit an intraday low of $46.18 and an intraday high of $46.70 and the price vacillated in this range throughout the day. The company has a market cap of $20.66 billion and the numbers of outstanding shares have been calculated to be 439.35 million shares.
ConAgra Foods Inc (CAG) on July 26, 2016 announced the completion of two separate divestitures: the sale of its JM Swank business to Platinum Equity and the sale of its Spicetec Flavors & Seasonings business to Givaudan.
Sean Connolly, president and chief executive officer of ConAgra Foods, said, “Marks an important milestone for ConAgra Foods. The completion of these two divestitures is another step on our journey to becoming a more focused and higher performing company.” He added, “We truly appreciate the contributions of the JM Swank and Spicetec Flavors & Seasonings employees, and we’re confident that both companies will be well positioned for continued growth as part of Platinum Equity and Givaudan, respectively.”
ConAgra Foods generated approximately $488 million in combined net proceeds from the sales, subject to any final working capital adjustments.