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Bulletin: PepsiCo Ratings Not Immediately Affected By Fourth-Quarter Results And 2012 Outlook Announcement Feb 12
Standard & Poors, Feb 2012
Abstract
NEW YORK (Standard & Poor's) Feb. 9, 2012--Standard & Poor's Ratings Services said today that its ratings and outlook on Purchase, N.Y.-based PepsiCo Inc. (A/Stable/A-1) are currently unchanged following the announcement of the company's 2011 fourth quarter earnings and 2012 outlook, along with expectations for increased share repurchase activity. PepsiCo expects its 2012 operating performance will weaken due primarily to a combination of higher commodity and pension costs, and increased marketplace investments that will more than offset planned accelerated productivity initiatives. The company's outlook also includes increased returns to shareholders in the form of higher dividends and share repurchases. PepsiCo expects share repurchases will be at least $3 billion in 2012, up from about $2.5 billion completed in 2011, which...
Companies mentioned in this report are: PepsiCo Inc.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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