PepsiCo Inc. (NYSE:PEP) – Analysts at Gabelli upped their FY2016 earnings per share estimates for shares of PepsiCo in a research report issued on Friday. Gabelli analyst D. Witkowski now expects that the firm will earn $4.80 per share for the year, up from their previous forecast of $4.70.

PepsiCo (NYSE:PEP) last released its quarterly earnings data on Thursday, September 29th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.08. The company had revenue of $16 billion for the quarter. PepsiCo had a net margin of 10.74% and a return on equity of 57.14%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.35 earnings per share.

Several other research analysts have also issued reports on the stock. Vetr raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $112.11 target price on the stock in a research note on Wednesday, September 7th. Argus increased their target price on shares of PepsiCo from $116.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, July 13th. Zacks Investment Research lowered shares of PepsiCo from a “hold” rating to a “sell” rating in a research note on Wednesday, September 7th. Jefferies Group reissued a “buy” rating and set a $119.00 target price on shares of PepsiCo in a research note on Wednesday, June 29th. Finally, Credit Suisse Group AG started coverage on shares of PepsiCo in a research note on Thursday, September 15th. They set an “outperform” rating and a $121.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $112.25.

PepsiCo (NYSE:PEP) opened at 107.10 on Monday. The stock’s 50 day moving average is $107.14 and its 200 day moving average is $105.27. PepsiCo has a 1-year low of $93.25 and a 1-year high of $110.94. The firm has a market capitalization of $153.60 billion, a price-to-earnings ratio of 23.50 and a beta of 0.46.

Several institutional investors have recently bought and sold shares of the company. D. Scott Neal Inc. increased its position in PepsiCo by 8.1% in the second quarter. D. Scott Neal Inc. now owns 944 shares of the company’s stock valued at $100,000 after buying an additional 71 shares during the last quarter. Delphi Private Advisors LLC increased its position in PepsiCo by 1.3% in the second quarter. Delphi Private Advisors LLC now owns 1,002 shares of the company’s stock valued at $106,000 after buying an additional 13 shares during the last quarter. Piershale Financial Group Inc. increased its position in PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock valued at $106,000 after buying an additional 4 shares during the last quarter. Global X Management Co. LLC increased its position in PepsiCo by 92.1% in the second quarter. Global X Management Co. LLC now owns 1,101 shares of the company’s stock valued at $117,000 after buying an additional 528 shares during the last quarter. Finally, Stelac Advisory Services LLC increased its position in PepsiCo by 13.9% in the second quarter. Stelac Advisory Services LLC now owns 1,185 shares of the company’s stock valued at $126,000 after buying an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 69.81% of the company’s stock.

In other news, EVP Mehmood Khan sold 51,137 shares of PepsiCo stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $107.30, for a total value of $5,487,000.10. Following the completion of the transaction, the executive vice president now owns 164,464 shares in the company, valued at $17,646,987.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Albert P. Carey sold 170,003 shares of PepsiCo stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $108.81, for a total transaction of $18,498,026.43. Following the completion of the transaction, the chief executive officer now owns 306,138 shares of the company’s stock, valued at approximately $33,310,875.78. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 2nd were issued a dividend of $0.7525 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $3.01 dividend on an annualized basis and a yield of 2.81%. PepsiCo’s dividend payout ratio (DPR) is presently 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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