PepsiCo buys prebiotic soda brand Poppi to gain a foothold in functional drinks [Globe and Mail, The (Toronto, Canada)]
Oatly Group AB - American Depositary Shares (OTLY)
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Source: Globe and Mail, The
The acquisition gives PepsiCo a fast-growing brand in the popular functional beverage category. “More than ever, consumers are looking for convenient and great-tasting options that fit their lifestyles and respond to their growing interest in health and wellness,” PepsiCo Chairman and CEO Ramon Laguarta said in a statement. PepsiCo said the transaction includes $300 million of anticipated cash benefits, bringing the net purchase price to $1.65 billion. Allison Ellsworth, the co-founder of Austin, Texas-based Poppi, said the combination with PepsiCo will expand Poppi’s reach. “We can’t wait to begin this next chapter with PepsiCo to bring our soda to more people – and I know they will honor what makes Poppi so special while supporting our next phase of g
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OTLY
News
- Oatly Group AB (NASDAQ: OTLY) had its price target lowered by analysts at Mizuho from $40.00 to $32.00. They now have an "outperform" rating on the stock.MarketBeat
- PepsiCo buys prebiotic soda brand Poppi to gain a foothold in functional drinks [Yahoo! Finance]Yahoo! Finance
- Mars-backed sports-nutrition business Foodspring to cease trading [Yahoo! Finance]Yahoo! Finance
- Oatly Group AB (OTLY): the Best Vegan Stock to Buy According to Analysts [Yahoo! Finance]Yahoo! Finance
- Oatly Group AB (NASDAQ: OTLY) had its price target lowered by analysts at Piper Sandler from $40.00 to $16.00. They now have an "overweight" rating on the stock.MarketBeat
OTLY
Earnings
- 2/12/25 - Miss
OTLY
Sec Filings
- 3/25/25 - Form F-3
- 3/13/25 - Form 20-F
- 3/5/25 - Form 6-K
- OTLY's page on the SEC website