PepsiCo Inc. (NYSE:PEP) is scheduled to post its Q316 quarterly earnings results on Thursday, September 29th. Analysts expect PepsiCo to post earnings of $1.31 per share and revenue of $15.81 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
PepsiCo (NYSE:PEP) last issued its quarterly earnings data on Thursday, July 7th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.30 by $0.05. PepsiCo had a return on equity of 54.91% and a net margin of 8.34%. The company had revenue of $15.40 billion for the quarter. During the same period in the previous year, the business posted $1.32 earnings per share. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts expect PepsiCo to post $4.76 EPS for the current fiscal year and $5.16 EPS for the next fiscal year.
Shares of PepsiCo Inc. (NYSE:PEP) opened at 107.03 on Tuesday. The firm has a market capitalization of $154.03 billion, a price-to-earnings ratio of 30.24 and a beta of 0.48. PepsiCo Inc. has a one year low of $92.31 and a one year high of $110.94. The firm has a 50-day moving average price of $107.26 and a 200 day moving average price of $104.98.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be issued a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Wednesday, August 31st. PepsiCo’s dividend payout ratio (DPR) is 84.79%.
PEP has been the subject of a number of recent analyst reports. Vetr raised PepsiCo from a “hold” rating to a “buy” rating and set a $112.11 price target for the company in a report on Wednesday, September 7th. Argus boosted their target price on PepsiCo from $116.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, July 13th. Zacks Investment Research downgraded PepsiCo from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th. Jefferies Group reissued a “buy” rating and issued a $119.00 target price on shares of PepsiCo in a report on Wednesday, June 29th. Finally, Credit Suisse Group AG started coverage on PepsiCo in a report on Thursday, September 15th. They issued an “outperform” rating and a $121.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $111.34.
In other PepsiCo news, CEO Laxman Narasimhan sold 3,219 shares of the business’s stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $109.11, for a total transaction of $351,225.09. Following the transaction, the chief executive officer now owns 97,057 shares in the company, valued at approximately $10,589,889.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Marie T. Gallagher sold 13,586 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $109.01, for a total value of $1,481,009.86. Following the transaction, the senior vice president now owns 58,183 shares in the company, valued at approximately $6,342,528.83. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in PEP. BlackRock Fund Advisors boosted its stake in PepsiCo by 2.4% in the second quarter. BlackRock Fund Advisors now owns 20,533,515 shares of the company’s stock worth $2,175,321,000 after buying an additional 475,487 shares in the last quarter. BlackRock Group LTD boosted its stake in PepsiCo by 2.6% in the second quarter. BlackRock Group LTD now owns 12,726,529 shares of the company’s stock worth $1,348,250,000 after buying an additional 324,893 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in PepsiCo by 6.5% in the second quarter. UBS Asset Management Americas Inc. now owns 7,854,989 shares of the company’s stock worth $832,157,000 after buying an additional 480,168 shares in the last quarter. Alliancebernstein L.P. boosted its stake in PepsiCo by 29.4% in the second quarter. Alliancebernstein L.P. now owns 7,834,720 shares of the company’s stock worth $830,010,000 after buying an additional 1,782,094 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in PepsiCo by 8.4% in the second quarter. APG Asset Management N.V. now owns 5,493,196 shares of the company’s stock worth $581,949,000 after buying an additional 425,255 shares in the last quarter. Institutional investors own 69.81% of the company’s stock.
PepsiCo Company Profile
PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.
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