PepsiCo (NASDAQ:PEP) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $5.50-5.50 for the period, compared to the Thomson Reuters consensus estimate of $5.53.
A number of brokerages have weighed in on PEP. BidaskClub cut shares of PepsiCo from a buy rating to a hold rating in a research report on Tuesday, April 9th. Wells Fargo & Co lifted their price target on shares of PepsiCo from $120.00 to $127.00 and gave the company a positive rating in a research report on Tuesday, May 14th. Deutsche Bank lifted their price target on shares of PepsiCo from $120.00 to $131.00 and gave the company a hold rating in a research report on Thursday, April 18th. Zacks Investment Research upgraded shares of PepsiCo from a hold rating to a buy rating and set a $142.00 price objective on the stock in a research note on Tuesday, April 23rd. Finally, SunTrust Banks lifted their price objective on shares of PepsiCo to $120.00 and gave the company a hold rating in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. PepsiCo currently has a consensus rating of Buy and an average target price of $124.65.
PEP opened at $132.56 on Tuesday. The stock has a market capitalization of $186.47 billion, a price-to-earnings ratio of 23.42, a P/E/G ratio of 3.45 and a beta of 0.60. The firm’s 50 day moving average price is $131.60. PepsiCo has a 52-week low of $104.53 and a 52-week high of $135.24. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.75.
PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Wednesday, April 17th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The company had revenue of $12.88 billion for the quarter, compared to analyst estimates of $12.68 billion. PepsiCo had a net margin of 19.37% and a return on equity of 65.12%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. As a group, analysts forecast that PepsiCo will post 5.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a $0.955 dividend. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Thursday, June 6th. This is a positive change from PepsiCo’s previous quarterly dividend of $0.93. PepsiCo’s payout ratio is 67.49%.
In related news, EVP David Yawman sold 25,263 shares of PepsiCo stock in a transaction on Friday, April 26th. The shares were sold at an average price of $126.42, for a total value of $3,193,748.46. Following the completion of the sale, the executive vice president now owns 80,934 shares in the company, valued at $10,231,676.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Ramon Laguarta sold 15,431 shares of PepsiCo stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $129.43, for a total transaction of $1,997,234.33. Following the completion of the sale, the chairman now owns 232,394 shares of the company’s stock, valued at approximately $30,078,755.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,494 shares of company stock valued at $6,173,705. Insiders own 0.28% of the company’s stock.
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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