PepsiCo Inc. (NYSE:PEP) – Research analysts at Credit Agricole SA upped their FY2016 earnings per share (EPS) estimates for shares of PepsiCo in a report released on Thursday. Credit Agricole SA analyst C. Levy now expects that the firm will post earnings of $4.79 per share for the year, up from their previous estimate of $4.77. Credit Agricole SA has a “Outperform” rating on the stock.
Other equities analysts also recently issued reports about the stock. Bank of America Corp. reissued a “buy” rating and issued a $120.00 price target on shares of PepsiCo in a report on Thursday, September 22nd. Credit Suisse Group AG initiated coverage on shares of PepsiCo in a report on Thursday, September 15th. They issued an “outperform” rating and a $121.00 price target on the stock. Zacks Investment Research downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th. Susquehanna reissued a “neutral” rating on shares of PepsiCo in a report on Tuesday, June 14th. Finally, Deutsche Bank AG boosted their price target on shares of PepsiCo from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, July 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $112.25.
PepsiCo (NYSE:PEP) opened at 108.25 on Monday. The company has a market capitalization of $155.25 billion, a price-to-earnings ratio of 23.75 and a beta of 0.46. PepsiCo has a 12-month low of $93.25 and a 12-month high of $110.94. The firm has a 50-day moving average of $107.18 and a 200 day moving average of $105.23.
PepsiCo (NYSE:PEP) last released its earnings results on Thursday, September 29th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.32 by $0.08. PepsiCo had a net margin of 10.74% and a return on equity of 57.14%. The firm had revenue of $16 billion for the quarter. During the same period in the prior year, the business earned $1.35 earnings per share. PepsiCo’s quarterly revenue was down 1.9% compared to the same quarter last year.
Several hedge funds have recently added to or reduced their stakes in the stock. Piershale Financial Group Inc. raised its stake in PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock worth $106,000 after buying an additional 4 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in PepsiCo by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,320 shares of the company’s stock worth $139,000 after buying an additional 4 shares during the period. Palisade Capital Management LLC NJ raised its stake in PepsiCo by 0.3% in the first quarter. Palisade Capital Management LLC NJ now owns 3,251 shares of the company’s stock worth $333,000 after buying an additional 11 shares during the period. Delphi Private Advisors LLC raised its stake in PepsiCo by 1.3% in the second quarter. Delphi Private Advisors LLC now owns 1,002 shares of the company’s stock worth $106,000 after buying an additional 13 shares during the period. Finally, Redmond Asset Management LLC raised its stake in PepsiCo by 0.3% in the second quarter. Redmond Asset Management LLC now owns 7,183 shares of the company’s stock worth $761,000 after buying an additional 18 shares during the period. 69.81% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Laxman Narasimhan sold 3,219 shares of the 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 completion of the sale, the chief executive officer now owns 97,057 shares of the company’s stock, valued at $10,589,889.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Marie T. Gallagher sold 13,586 shares of the stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $109.01, for a total value of $1,481,009.86. Following the sale, the senior vice president now directly owns 58,183 shares of the company’s stock, 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.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 2nd were given a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Wednesday, August 31st. PepsiCo’s payout ratio is currently 66.01%.
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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