PepsiCo (NASDAQ:PEP) released its earnings results on Tuesday. The company reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.01, RTT News reports. PepsiCo had a return on equity of 59.68% and a net margin of 10.97%. The business had revenue of $19.53 billion during the quarter, compared to the consensus estimate of $19.40 billion. During the same period last year, the business posted $1.20 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. PepsiCo updated its FY18 guidance to $5.70 EPS.
Shares of PepsiCo (PEP) opened at $111.93 on Tuesday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35. PepsiCo has a 52 week low of $104.77 and a 52 week high of $122.51. The stock has a market capitalization of $158,113.86, a PE ratio of 23.13, a price-to-earnings-growth ratio of 2.87 and a beta of 0.62.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 2nd will be paid a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Thursday, March 1st. PepsiCo’s dividend payout ratio (DPR) is currently 66.53%.
A number of analysts have issued reports on PEP shares. Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $131.00 target price for the company in a research report on Monday, December 4th. SunTrust Banks initiated coverage on PepsiCo in a research report on Monday, January 29th. They issued a “hold” rating and a $125.00 price target for the company. Credit Suisse Group reiterated a “neutral” rating and issued a $124.00 price target (up from $122.00) on shares of PepsiCo in a research report on Thursday, February 1st. Wells Fargo & Co lifted their price target on PepsiCo from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, January 4th. Finally, BidaskClub cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. PepsiCo presently has a consensus rating of “Hold” and an average target price of $123.77.
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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