Pepsico, Inc. Expected to Earn FY2017 Earnings of $5.20 Per Share (PEP)
Pepsico, Inc. (NYSE:PEP) – Research analysts at Gabelli raised their FY2017 earnings estimates for shares of Pepsico in a note issued to investors on Thursday. Gabelli analyst D. Witkowski now expects that the company will post earnings per share of $5.20 for the year, up from their prior estimate of $5.15. Gabelli also issued estimates for Pepsico’s FY2019 earnings at $6.00 EPS, FY2020 earnings at $6.45 EPS and FY2021 earnings at $6.90 EPS.
Pepsico (NYSE:PEP) last posted its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.05. Pepsico had a net margin of 10.97% and a return on equity of 60.16%. The firm had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. During the same period last year, the firm posted $1.40 EPS. Pepsico’s quarterly revenue was up 1.3% on a year-over-year basis.
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A number of other research analysts also recently commented on the company. Cowen and Company restated a “buy” rating on shares of Pepsico in a research note on Sunday, September 17th. Credit Suisse Group AG downgraded 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 note on Friday, September 8th. Zacks Investment Research downgraded Pepsico from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Macquarie started coverage on Pepsico in a research note on Thursday, September 14th. They set an “outperform” rating and a $125.00 price objective for the company. Finally, BMO Capital Markets reissued a “hold” rating and issued a $120.00 price target on shares of Pepsico in a research note on Wednesday, September 6th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Pepsico has an average rating of “Buy” and an average target price of $121.69.
Pepsico (NYSE:PEP) opened at 110.45 on Friday. Pepsico has a 52-week low of $98.50 and a 52-week high of $119.39. The company has a 50-day moving average of $114.33 and a 200-day moving average of $114.73. The stock has a market capitalization of $157.17 billion, a price-to-earnings ratio of 22.83 and a beta of 0.68.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 1st were paid a dividend of $0.805 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $3.22 annualized dividend and a yield of 2.92%. Pepsico’s dividend payout ratio is currently 66.53%.
In related news, CEO Indra K. Nooyi sold 340,449 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $116.42, for a total transaction of $39,635,072.58. Following the completion of the transaction, the chief executive officer now owns 733,315 shares of the company’s stock, valued at $85,372,532.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mehmood Khan sold 63,396 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 174,273 shares of the company’s stock, valued at approximately $20,283,634.47. The disclosure for this sale can be found here. Insiders have sold 898,164 shares of company stock valued at $104,585,929 in the last ninety days. Company insiders own 0.26% of the company’s stock.
A number of hedge funds have recently made changes to their positions in PEP. Vanguard Group Inc. boosted its stake in Pepsico by 2.4% during the second quarter. Vanguard Group Inc. now owns 112,083,751 shares of the company’s stock valued at $12,944,553,000 after buying an additional 2,635,738 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Pepsico by 910.5% during the second quarter. Janus Henderson Group PLC now owns 2,907,923 shares of the company’s stock valued at $335,840,000 after buying an additional 2,620,149 shares in the last quarter. Sanders Capital LLC bought a new position in Pepsico during the first quarter valued at about $254,277,000. Harbour Capital Advisors LLC boosted its stake in Pepsico by 11,316.2% during the second quarter. Harbour Capital Advisors LLC now owns 2,183,685 shares of the company’s stock valued at $18,908,000 after buying an additional 2,164,557 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Pepsico by 92.5% during the first quarter. Canada Pension Plan Investment Board now owns 3,317,230 shares of the company’s stock valued at $371,065,000 after buying an additional 1,593,550 shares in the last quarter. 70.06% of the stock is owned by institutional investors and hedge funds.
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).
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