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Procter & Gamble Co. (NYSE:PG) executive Gary A. Coombe, who serves as the CEO of the company’s Grooming division, recently sold a significant portion of his holdings in the company. According to a recent filing, Coombe sold 18,000 shares of Procter & Gamble stock on February 25, 2025, at an average price of $171.66 per share. This transaction amounted to a total sale value of approximately $3.09 million.
Following this transaction, Coombe retains ownership of 22,050.7545 shares directly. Additionally, he holds 469.8275 shares indirectly through a retirement plan trustee and 1,295.35 shares through an international stock ownership plan and pension plan in Switzerland.
In a separate transaction on February 18, 2025, Coombe acquired 47.7815 restricted stock units (RSUs) as part of the company’s retirement program. These RSUs represent a contingent right to receive common stock upon retirement.
In other recent news, Procter & Gamble reported its second fiscal quarter earnings per share at $1.88, slightly exceeding Wall Street’s estimates by one cent. This was supported by favorable items below the line and a minor shortfall in operating profit, with organic revenue surpassing expectations by about 20 basis points. UBS reiterated a Buy rating for Procter & Gamble, maintaining a $189 price target, reflecting optimism in the company’s sequential progress in organic revenue and volume. Meanwhile, BNP Paribas (OTC:BNPQY) expressed skepticism about Procter & Gamble’s fiscal 2025 organic sales guidance amid market uncertainties, adding to investor concerns. The company has faced challenges such as slowing market consumption in Asia, the Middle East, and Africa, as well as geopolitical factors and foreign exchange fluctuations. Despite these challenges, Procter & Gamble has not altered its fiscal year guidance ranges but is focusing on supporting the low-end of its guidance.
In contrast, JPMorgan maintained a Neutral rating for PepsiCo (NASDAQ:PEP), with a price target of $158, following the company’s presentation at the Consumer Analyst Group of New York conference. The firm noted PepsiCo’s efforts in revenue growth management and international growth opportunities, though it anticipates financial outcomes to reflect these efforts only by the second half of 2025. The analysis also included a slight decrease in PepsiCo’s 2025 earnings per share forecast due to foreign exchange headwinds.
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