PepsiCo (NASDAQ:PEP) posted its quarterly earnings data on Tuesday. The company reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.05, RTT News reports. The company had revenue of $16.45 billion for the quarter, compared to analysts’ expectations of $16.44 billion. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. PepsiCo’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.61 earnings per share. PepsiCo updated its FY 2019 guidance to $5.50-5.50 EPS and its FY19 guidance to $5.50 EPS.
NASDAQ:PEP opened at $134.35 on Friday. The stock has a market capitalization of $187.93 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 3.49 and a beta of 0.60. PepsiCo has a fifty-two week low of $104.53 and a fifty-two week high of $135.24. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.75 and a current ratio of 0.86. The company’s 50 day moving average is $131.79.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.955 per share. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.84%. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.
In related news, Chairman Ramon Laguarta sold 15,431 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $129.43, for a total value of $1,997,234.33. Following the completion of the sale, the chairman now owns 232,394 shares of the company’s stock, valued at $30,078,755.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Yawman sold 25,263 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $126.42, for a total value of $3,193,748.46. Following the completion of the sale, the executive vice president now directly owns 80,934 shares of the company’s stock, valued at approximately $10,231,676.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,494 shares of company stock valued at $6,173,705. Insiders own 0.28% of the company’s stock.
A number of hedge funds have recently made changes to their positions in PEP. Oregon Public Employees Retirement Fund lifted its stake in PepsiCo by 10,622.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,704,199 shares of the company’s stock worth $314,000 after acquiring an additional 34,380,553 shares during the period. BlackRock Inc. lifted its position in PepsiCo by 2.4% during the fourth quarter. BlackRock Inc. now owns 97,102,071 shares of the company’s stock valued at $10,727,836,000 after buying an additional 2,275,511 shares during the period. California Public Employees Retirement System lifted its position in PepsiCo by 34.2% during the fourth quarter. California Public Employees Retirement System now owns 6,285,045 shares of the company’s stock valued at $694,372,000 after buying an additional 1,600,360 shares during the period. Manning & Napier Group LLC lifted its position in PepsiCo by 469.6% during the fourth quarter. Manning & Napier Group LLC now owns 1,543,722 shares of the company’s stock valued at $170,549,000 after buying an additional 1,272,684 shares during the period. Finally, Swedbank purchased a new position in PepsiCo during the second quarter valued at $135,539,000. 70.83% of the stock is owned by institutional investors.
A number of brokerages have commented on PEP. UBS Group increased their price target on shares of Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday. Argus increased their price target on shares of Lululemon Athletica to $200.00 and gave the company a “buy” rating in a research report on Thursday. Zacks Investment Research cut shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Goldman Sachs Group set a $131.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Macquarie increased their price target on shares of PepsiCo from $126.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $128.53.
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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