PepsiCo (NASDAQ:PEP) Releases FY19 Earnings Guidance

PepsiCo (NASDAQ:PEP) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $5.50 for the period, compared to the Thomson Reuters consensus estimate of $5.53. PepsiCo also updated its FY 2019 guidance to $5.50-5.50 EPS.

PEP opened at $132.56 on Tuesday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.75 and a current ratio of 0.94. PepsiCo has a fifty-two week low of $104.53 and a fifty-two week high of $135.24. The company’s fifty day moving average price is $131.60. The stock has a market cap of $186.47 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 3.45 and a beta of 0.60.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. PepsiCo had a net margin of 19.37% and a return on equity of 65.12%. The company had revenue of $16.45 billion for the quarter, compared to analysts’ expectations of $16.44 billion. During the same quarter in the previous year, the company earned $1.61 EPS. PepsiCo’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts anticipate that PepsiCo will post 5.51 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a dividend of $0.955 per share. This is a boost from PepsiCo’s previous quarterly dividend of $0.93. The ex-dividend date was Thursday, June 6th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.88%. PepsiCo’s payout ratio is 67.49%.

Several brokerages have commented on PEP. Goldman Sachs Group set a $132.00 price target on shares of PepsiCo and gave the stock a neutral rating in a research note on Wednesday, April 24th. Royal Bank of Canada set a $115.00 price target on shares of PepsiCo and gave the stock a neutral rating in a research note on Wednesday, April 24th. SunTrust Banks boosted their price target on shares of PepsiCo to $120.00 and gave the stock a hold rating in a research note on Thursday, April 18th. Macquarie boosted their price target on shares of PepsiCo from $126.00 to $138.00 and gave the stock an outperform rating in a research note on Thursday, April 18th. Finally, Wells Fargo & Co boosted their price target on shares of PepsiCo from $120.00 to $127.00 and gave the stock a positive rating in a research note on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of $124.65.

In related news, Chairman Ramon Laguarta sold 15,431 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $129.43, for a total transaction of $1,997,234.33. Following the transaction, the chairman now directly owns 232,394 shares in the company, valued at approximately $30,078,755.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Yawman sold 25,263 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $126.42, for a total transaction of $3,193,748.46. Following the transaction, the executive vice president now owns 80,934 shares in the company, valued at $10,231,676.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,494 shares of company stock worth $6,173,705. Insiders own 0.28% of the company’s stock.

About PepsiCo

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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Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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