10.10.2014 - PepsiCo continues to increase profit
American corporation PepsiCo raised its forecast for earnings for the year due to lower costs and increase of sales in emerging markets, which could offset the decline in sales in the developed countries. The company said about the forecast of profit growth by 9% in 2014. The company's profit in the third quarter was $ 1.36 per share, against the expected rate $ 1.29 per share. The company also said they plan to return to equity holders of approximately $ 8.7 billion in the form of dividends and share repurchases. Taking into account the positive financial performance of the company and sales growth in developing countries and even in Russia, despite the political situation, we expect continued growth in price to 100-110 dollars per share by the end of the year and recommend buying the stock.