Pepsico (PEP) Given Daily News Impact Rating of 0.14
News articles about Pepsico (NYSE:PEP) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pepsico earned a news impact score of 0.14 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.0897871315396 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Leading Sustainability Partners Danimer Scientific and PepsiCo Present Brand Collaboration Case Study at EFIB 2017 (globenewswire.com)
- PepsiCo Marks Manufacturing Day by Celebrating Frontline Associates and Ringing Closing Bell® at New York Stock Exchange (finance.yahoo.com)
- PepsiCo, Inc. :PEP-US: Earnings Analysis: Q3, 2017 By the Numbers : October 6, 2017 (finance.yahoo.com)
- PepsiCo’s Bull Case Is Still Intact – Seeking Alpha (seekingalpha.com)
- PepsiCo: Slower Growth, Still Outperforming – Seeking Alpha (seekingalpha.com)
PEP has been the subject of several recent analyst reports. Royal Bank Of Canada reiterated a “hold” rating and set a $115.00 price target on shares of Pepsico in a research note on Friday, June 30th. BidaskClub downgraded Pepsico from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $133.00 price target (down previously from $134.00) on shares of Pepsico in a research note on Thursday, July 6th. Jefferies Group LLC reiterated a “buy” rating and set a $130.00 price target (up previously from $127.00) on shares of Pepsico in a research note on Thursday, July 6th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating on shares of Pepsico in a research note on Wednesday, July 12th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $121.71.
Shares of Pepsico (NYSE PEP) traded down 0.05% during mid-day trading on Friday, reaching $110.40. The firm has a market cap of $157.00 billion, a PE ratio of 22.81 and a beta of 0.68. The stock’s 50 day moving average price is $114.11 and its 200-day moving average price is $114.73. Pepsico has a 52 week low of $98.50 and a 52 week high of $119.39.
Pepsico (NYSE:PEP) last announced its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.05. The firm had revenue of $16.24 billion for the quarter, compared to the consensus estimate of $16.35 billion. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. During the same quarter in the previous year, the business earned $1.40 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. On average, analysts anticipate that Pepsico will post $5.22 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Wednesday, August 30th. Pepsico’s dividend payout ratio is presently 66.53%.
In other news, EVP Mehmood Khan sold 63,396 shares of the business’s 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 in the company, valued at $20,283,634.47. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Marie T. Gallagher sold 41,489 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $116.77, for a total value of $4,844,670.53. Following the sale, the senior vice president now owns 76,037 shares of the company’s stock, valued at approximately $8,878,840.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 898,164 shares of company stock valued at $104,585,929. Corporate insiders own 0.26% of the company’s stock.
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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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