Pepsico, Inc. (NYSE:PEP) posted its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.10, RTT News reports. The company had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $15.57 billion. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. Pepsico’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.35 EPS. Pepsico updated its FY17 guidance to $5.13 EPS.

Pepsico (PEP) opened at 116.37 on Monday. The firm has a market cap of $165.89 billion, a PE ratio of 24.64 and a beta of 0.67. Pepsico has a 12-month low of $98.50 and a 12-month high of $118.24. The company has a 50-day moving average price of $116.01 and a 200-day moving average price of $112.24.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a $0.805 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.22 dividend on an annualized basis and a yield of 2.77%. Pepsico’s payout ratio is 68.22%.

A number of brokerages have weighed in on PEP. Jefferies Group LLC lifted their target price on Pepsico from $120.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, April 19th. UBS AG raised Pepsico from a “neutral” rating to a “positive” rating in a research report on Wednesday, April 12th. BMO Capital Markets lowered Pepsico from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $118.00 to $120.00 in a research report on Wednesday, June 7th. They noted that the move was a valuation call. Zacks Investment Research lowered Pepsico from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $115.00 price target on shares of Pepsico in a research report on Thursday, May 25th. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $123.04.

ILLEGAL ACTIVITY WARNING: This piece of content was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/07/pepsico-inc-nysepep-releases-earnings-results-updated-updated-updated.html.

In other Pepsico news, Chairman Indra K. Nooyi sold 452,830 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $116.44, for a total value of $52,727,525.20. Following the completion of the sale, the chairman now owns 733,315 shares in the company, valued at approximately $85,387,198.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mehmood Khan sold 63,396 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $116.39, for a total transaction of $7,378,660.44. Following the completion of the sale, the executive vice president now owns 174,273 shares of the company’s stock, valued at approximately $20,283,634.47. The disclosure for this sale can be found here. Insiders sold a total of 856,675 shares of company stock valued at $99,741,258 in the last ninety days. Company insiders own 0.26% of the company’s stock.

Pepsico Company Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

Earnings History for Pepsico (NYSE:PEP)

Receive News & Stock Ratings for Pepsico Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pepsico Inc. and related stocks with our FREE daily email newsletter.