PepsiCo (PEP) Announces Earnings Results, Beats Expectations By $0.01 EPS

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%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its stake in shares of PepsiCo by 3.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 8,126,159 shares of the company’s stock valued at $974,344,000 after acquiring an additional 252,631 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of PepsiCo by 0.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 7,174,653 shares of the company’s stock valued at $860,384,000 after acquiring an additional 41,529 shares during the last quarter. APG Asset Management N.V. lifted its stake in shares of PepsiCo by 6.6% in the 4th quarter. APG Asset Management N.V. now owns 6,708,832 shares of the company’s stock valued at $669,989,000 after acquiring an additional 413,900 shares during the last quarter. Swiss National Bank lifted its stake in shares of PepsiCo by 0.5% in the 4th quarter. Swiss National Bank now owns 6,164,006 shares of the company’s stock valued at $739,188,000 after acquiring an additional 30,000 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of PepsiCo by 3.2% in the 4th quarter. Fisher Asset Management LLC now owns 6,081,028 shares of the company’s stock valued at $729,237,000 after acquiring an additional 187,135 shares during the last quarter. 70.03% of the stock is owned by institutional investors.

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.

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About PepsiCo

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 for PepsiCo (NASDAQ:PEP)

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