Consumer Non-Cyclical Sector Review: Pepsi Delving Into Dairy, Fresh Del Monte

Fresh Del Monte Produce (NYSE:FDP): Reports Q4 revenue $780.8M, consensus $837.29M.

The shares closed at $22.97, down $2.01, or 8.05%, on the day. Its market capitalization is $1.33 billion.

PepsiCo, Inc. (NYSE:PEP): Saudi Arabia’s Almarai, the dairy firm, is in talks with PepsiCo (NYSE:PEP) about increasing its stake in International Dairy & Juice, a joint venture formed in 2009, reports Reuters. Almarai holds a 48% stake and PepsiCo owns the rest.

The shares closed at $63.32, on the day. Its market capitalization is $99.03 billion.

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To contact the reporter on this story: Stella Mariz at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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