Updating Our Conservative Stocks Sysco Corp., PepsiCo Inc. and Honda Motor Co. Ltd. ADRs

Article Excerpt

SYSCO CORP. $32 (New York symbol SYY) plans to buy back 20 million of its shares, or about 3% of the total outstanding. It will also repurchase the remaining 3 million shares remaining under its previous authorization. Share buybacks boost per share earnings and increase the proportionate ownership of the remaining stockholders. However, rising gasoline and other costs have hurt traffic at the restaurants Sysco supplies. Hold. PEPSICO INC. $70 (New York symbol PEP) aims to triple its operations in India over the next three years. That includes expanding manufacturing capacity and its marketing efforts. Growing demand for soft drinks and snack foods in fast-growing countries like India continues to help PepsiCo offset slower growth in the U.S. Buy. HONDA MOTOR CO. LTD. ADRs $31 (New York symbol HMC) plans to launch a new gasoline-and-electric hybrid compact car in 2009. That will help Honda compete with the top-selling Toyota Prius. Prius…