Pepsico, Inc. (PEP) to Release Quarterly Earnings on Wednesday
Pepsico, Inc. (NYSE:PEP) is set to issue its quarterly earnings data before the market opens on Wednesday, September 27th. Analysts expect the company to announce earnings of $1.40 per share for the quarter. Pepsico has set its FY17 guidance at $5.13 EPS.
Pepsico (NYSE:PEP) last posted its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.10. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The firm had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $15.57 billion. During the same period in the previous year, the company posted $1.35 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts expect Pepsico to post $5.16 EPS for the current fiscal year and $5.56 EPS for the next fiscal year.
Pepsico, Inc. (NYSE:PEP) opened at 114.49 on Wednesday. The stock has a market capitalization of $163.21 billion, a PE ratio of 24.25 and a beta of 0.68. Pepsico, Inc. has a 12-month low of $98.50 and a 12-month high of $119.39. The stock’s 50 day moving average is $116.31 and its 200 day moving average is $114.69.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a $0.805 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.22 annualized dividend and a yield of 2.81%. Pepsico’s dividend payout ratio (DPR) is presently 68.22%.
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In related news, EVP Mehmood Khan sold 63,396 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $116.39, for a total value of $7,378,660.44. Following the completion of the transaction, the executive vice president now owns 174,273 shares of the company’s stock, valued at $20,283,634.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Marie T. Gallagher sold 41,489 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the completion of the transaction, the senior vice president now directly owns 76,037 shares of the company’s stock, valued at approximately $8,878,840.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 898,164 shares of company stock valued at $104,585,929. 0.26% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Aviance Capital Management LLC acquired a new stake in Pepsico in the second quarter valued at $111,000. Patriot Financial Group Insurance Agency LLC lifted its stake in Pepsico by 5.9% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,211 shares of the company’s stock valued at $138,000 after acquiring an additional 67 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its stake in Pepsico by 17.6% in the second quarter. Signature Estate & Investment Advisors LLC now owns 1,507 shares of the company’s stock valued at $174,000 after acquiring an additional 225 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its stake in Pepsico by 68.8% in the second quarter. Harvest Fund Management Co. Ltd now owns 1,528 shares of the company’s stock valued at $176,000 after acquiring an additional 623 shares during the last quarter. Finally, Opes Advisors Inc acquired a new stake in Pepsico in the second quarter valued at $201,000. 70.06% of the stock is owned by institutional investors and hedge funds.
PEP has been the topic of several analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $133.00 target price (up from $130.00) on shares of Pepsico in a report on Wednesday, July 12th. BidaskClub downgraded shares of Pepsico from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Tuesday, August 22nd. Royal Bank of Canada reissued a “hold” rating and set a $115.00 price objective on shares of Pepsico in a research report on Thursday, May 25th. Finally, Credit Suisse Group downgraded shares of Pepsico from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $126.00 to $124.00 in a research report on Friday, September 8th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Pepsico has a consensus rating of “Buy” and an average price target of $123.44.
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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