Pepsico, Inc. (NYSE:PEP) updated its FY17 earnings guidance on Wednesday. The company provided EPS guidance of $5.23 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.16.

Several research firms have commented on PEP. Zacks Investment Research lowered shares of Pepsico from a buy rating to a hold rating in a report on Monday, September 4th. Susquehanna Bancshares Inc reiterated a positive rating and set a $133.00 price objective (down previously from $134.00) on shares of Pepsico in a research note on Thursday, July 6th. BidaskClub upgraded Pepsico from a hold rating to a buy rating in a research note on Thursday, August 17th. BMO Capital Markets reissued a hold rating and issued a $120.00 price objective on shares of Pepsico in a report on Wednesday, September 6th. Finally, Cowen and Company reissued a buy rating on shares of Pepsico in a report on Sunday, September 17th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Pepsico currently has an average rating of Buy and an average target price of $121.87.

Pepsico, Inc. (NYSE PEP) opened at 109.13 on Wednesday. The firm has a market capitalization of $155.57 billion, a P/E ratio of 23.11 and a beta of 0.68. Pepsico, Inc. has a 52 week low of $98.50 and a 52 week high of $119.39. The stock’s 50 day moving average price is $114.86 and its 200 day moving average price is $114.80. Pepsico also saw unusually large options trading activity on Monday. Investors bought 5,616 put options on the company. This represents an increase of approximately 248% compared to the average daily volume of 1,616 put options.

Pepsico (NYSE:PEP) last released its earnings results on Wednesday, September 27th. The company reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.05. The company had revenue of $16.24 billion during the quarter, compared to analysts’ expectations of $16.35 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business earned $1.40 EPS. On average, equities analysts expect that Pepsico, Inc. will post $5.16 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were paid a dividend of $0.805 per share. The ex-dividend date was Wednesday, August 30th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.95%. Pepsico’s dividend payout ratio (DPR) is 68.22%.

In other Pepsico news, Chairman Indra K. Nooyi sold 452,830 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $116.44, for a total value of $52,727,525.20. Following the completion of the transaction, the chairman now owns 733,315 shares in the company, valued at $85,387,198.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Marie T. Gallagher sold 41,489 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $116.77, for a total value of $4,844,670.53. Following the completion of the transaction, the senior vice president now 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 90 days, insiders sold 898,164 shares of company stock valued at $104,585,929. 0.26% of the stock is owned by insiders.

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Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Pepsico by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 112,083,751 shares of the company’s stock valued at $12,944,553,000 after purchasing an additional 2,635,738 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Pepsico by 910.5% in the second quarter. Janus Henderson Group PLC now owns 2,907,923 shares of the company’s stock valued at $335,840,000 after purchasing an additional 2,620,149 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Pepsico by 49.9% in the second quarter. Parametric Portfolio Associates LLC now owns 4,155,387 shares of the company’s stock valued at $479,906,000 after purchasing an additional 1,383,267 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Pepsico by 29.9% in the second quarter. Renaissance Technologies LLC now owns 5,642,700 shares of the company’s stock valued at $651,675,000 after purchasing an additional 1,298,900 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Pepsico by 29.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,789,330 shares of the company’s stock valued at $437,630,000 after purchasing an additional 864,524 shares during the period. Institutional investors own 70.06% of the company’s stock.

Pepsico Company Profile

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).

Earnings History and Estimates for Pepsico (NYSE:PEP)

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