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The latest announcement is out from CALBEE ( (JP:2229) ).
Calbee, Inc. announced its relationship with PepsiCo, Inc., which holds 21.41% of Calbee’s voting rights through its subsidiary, Frito-Lay Global Investments B.V. Despite this significant stake, Calbee maintains operational independence, with its business activities and decision-making processes conducted autonomously. The strategic alliance with PepsiCo, established in 2009, continues to support Calbee’s market presence without restricting its business freedom.
The most recent analyst rating on (JP:2229) stock is a Buy with a Yen3700.00 price target. To see the full list of analyst forecasts on CALBEE stock, see the JP:2229 Stock Forecast page.
More about CALBEE
Calbee, Inc. operates in the food industry, primarily focusing on the production of snack foods. The company is known for its wide range of snack products and has a significant market presence in Japan and other regions. Calbee has a strategic alliance with PepsiCo, Inc., a global leader in the food and beverage sector, which enhances its market positioning.
Average Trading Volume: 289,125
Technical Sentiment Signal: Sell
Current Market Cap: Yen353B
For an in-depth examination of 2229 stock, go to TipRanks’ Overview page.