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Stocks to Watch: SodaStream, AT&T, Costco, Smucker

NEW YORK -- PepsiCo (PEP - Get Report) is negotiating to buy SodaStream International (SODA - Get Report) for more than $2 billion, according to Israel's Calcalist financial newspaper.

The report said Pepsi could be willing to pay as much as $95 a share for SodaStream, which makes at-home carbonation systems.

SodaStream went public in 2010. The stock closed Wednesday at $69.35.


AT&T (T - Get Report) is in discussions with the Chernin Group about mounting a joint bid to acquire the Hulu premium video site, AllThingsD reported, citing sources close to the telecommunications giant.

Chernin Group, the investment and media company, is run by former News Corp. (NWSA) Chief Operating Officer Peter Chernin, who was integral to the founding of Hulu, according to AllThingsD.

Chernin made an initial bid in the lower $500 million range for Hulu, sources familiar with the situation said, but it is likely to be higher as the auction for the video site evolves, AllThingsD reported.

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Costco Wholesale (COST - Get Report), the warehouse retailer, said same-store sales in May rose 5%, below analysts' estimates of 5.5%.

Net sales in May rose 7% to $8.13 billion from a year earlier.


Procter & Gamble (PG) reorganized its business into four new divisions, the first big change at the consumer products giant since A.G. Lafley returned as CEO about two weeks ago.

Each of the four divisions will be headed by a group president, expanding the responsibilities for four current executives. The move is one of Lafley's tasks is to create a succession plan.


J. M. Smucker (SJM - Get Report), the maker of jams and jellies, is forecast to report on Thursday fiscal fourth-quarter earnings of $1.16 a share on revenue of $1.34 billion.


Retailer Ann (ANN) is expected to post first-quarter earnings of 42 cents a share.


-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.
Copyright 2013 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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SYM TRADE IT LAST %CHG
COST $134.86 -0.61%
PEP $93.38 -0.33%
SODA $20.96 -1.80%
SJM $108.40 0.02%
T $35.56 -0.60%

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DOW 17,598.86 +2.51 0.01%
S&P 500 2,058.51 +0.87 0.04%
NASDAQ 4,973.0310 +14.5630 0.29%

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