Pepsico, Inc. Expected to Post FY2017 Earnings of $5.23 Per Share (PEP)
Pepsico, Inc. (NYSE:PEP) – Research analysts at Jefferies Group boosted their FY2017 earnings per share estimates for shares of Pepsico in a report released on Wednesday. Jefferies Group analyst K. Grundy now anticipates that the company will post earnings of $5.23 per share for the year, up from their previous forecast of $5.15. Jefferies Group currently has a “Hold” rating and a $108.00 target price on the stock. Jefferies Group also issued estimates for Pepsico’s Q4 2017 earnings at $1.31 EPS, FY2018 earnings at $5.56 EPS and FY2019 earnings at $5.92 EPS.
Pepsico (NYSE:PEP) last issued its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.05. The firm had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $1.40 EPS.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Pepsico from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Cowen and Company reiterated an “outperform” rating and issued a $128.00 price target on shares of Pepsico in a report on Thursday, July 13th. BMO Capital Markets reiterated a “hold” rating and issued a $120.00 price target on shares of Pepsico in a report on Wednesday, September 6th. Credit Suisse Group reiterated a “hold” rating and issued a $122.00 price target (down from $124.00) on shares of Pepsico in a report on Thursday. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $133.00 price target (down from $134.00) on shares of Pepsico in a report on Thursday, July 6th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Pepsico currently has an average rating of “Buy” and a consensus target price of $121.71.
Shares of Pepsico (NYSE:PEP) opened at 110.40 on Monday. The stock has a 50 day moving average price of $114.11 and a 200-day moving average price of $114.73. The company has a market capitalization of $157.00 billion, a price-to-earnings ratio of 22.81 and a beta of 0.68. Pepsico has a 12 month low of $98.50 and a 12 month high of $119.39.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 1st were given a dividend of $0.805 per share. The ex-dividend date was Wednesday, August 30th. This represents a $3.22 annualized dividend and a yield of 2.92%. Pepsico’s dividend payout ratio (DPR) is presently 66.53%.
In other Pepsico news, Chairman Indra K. Nooyi sold 452,830 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $116.44, for a total transaction of $52,727,525.20. Following the sale, the chairman now owns 733,315 shares of the company’s stock, valued at approximately $85,387,198.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Indra K. Nooyi sold 340,449 shares of the stock in a transaction on Monday, July 24th. The shares were sold at an average price of $116.42, for a total value of $39,635,072.58. Following the sale, the chief executive officer now directly owns 733,315 shares in the company, valued at approximately $85,372,532.30. The disclosure for this sale can be found here. Insiders have sold a total of 898,164 shares of company stock worth $104,585,929 in the last ninety days. Insiders own 0.26% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Pepsico by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 112,083,751 shares of the company’s stock worth $12,944,553,000 after purchasing an additional 2,635,738 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Pepsico by 2.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,699,308 shares of the company’s stock worth $1,466,839,000 after purchasing an additional 306,675 shares in the last quarter. FMR LLC boosted its position in shares of Pepsico by 8.3% in the 2nd quarter. FMR LLC now owns 8,043,420 shares of the company’s stock worth $928,934,000 after purchasing an additional 618,813 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Pepsico by 3.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,781,835 shares of the company’s stock worth $898,725,000 after purchasing an additional 238,221 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Pepsico by 7.0% in the 2nd quarter. Alliancebernstein L.P. now owns 6,568,054 shares of the company’s stock worth $758,545,000 after purchasing an additional 428,728 shares in the last quarter. 70.06% of the stock is owned by hedge funds and other institutional investors.
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).
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