PepsiCo (NASDAQ:PEP) released its earnings results on Tuesday. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01, RTT News reports. PepsiCo had a net margin of 10.97% and a return on equity of 59.68%. The firm had revenue of $19.53 billion during the quarter, compared to the consensus estimate of $19.40 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. PepsiCo’s revenue was up .1% compared to the same quarter last year. PepsiCo updated its FY18 guidance to $5.70 EPS.
Shares of PepsiCo (NASDAQ:PEP) opened at $112.14 on Wednesday. The stock has a market cap of $159,180.45, a price-to-earnings ratio of 23.17, a P/E/G ratio of 2.89 and a beta of 0.62. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32. PepsiCo has a twelve month low of $104.77 and a twelve month high of $122.51.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 2nd will be issued a $0.805 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $3.22 annualized dividend and a yield of 2.87%. PepsiCo’s dividend payout ratio is presently 66.53%.
A number of institutional investors and hedge funds have recently bought and sold shares of PEP. Amundi Pioneer Asset Management Inc. raised its holdings in PepsiCo by 42.6% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 6,306,614 shares of the company’s stock valued at $756,289,000 after acquiring an additional 1,882,971 shares in the last quarter. Geode Capital Management LLC increased its stake in PepsiCo by 8.5% during the fourth quarter. Geode Capital Management LLC now owns 16,678,262 shares of the company’s stock valued at $1,996,271,000 after purchasing an additional 1,305,279 shares during the last quarter. Renaissance Technologies LLC increased its stake in PepsiCo by 18.1% during the fourth quarter. Renaissance Technologies LLC now owns 6,497,262 shares of the company’s stock valued at $779,152,000 after purchasing an additional 996,562 shares during the last quarter. Mackenzie Financial Corp increased its stake in PepsiCo by 120.5% during the fourth quarter. Mackenzie Financial Corp now owns 1,779,601 shares of the company’s stock valued at $213,410,000 after purchasing an additional 972,517 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in PepsiCo by 26.1% during the third quarter. Prudential Financial Inc. now owns 4,354,014 shares of the company’s stock valued at $485,168,000 after purchasing an additional 899,911 shares during the last quarter. 70.03% of the stock is currently owned by hedge funds and other institutional investors.
PEP has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Royal Bank of Canada reaffirmed a “hold” rating on shares of PepsiCo in a research report on Sunday, November 12th. Deutsche Bank initiated coverage on shares of PepsiCo in a research report on Wednesday, December 13th. They set a “buy” rating and a $132.00 price target on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $120.00 price target on shares of PepsiCo in a research report on Friday, December 22nd. Finally, Wells Fargo & Co lifted their price target on shares of PepsiCo from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. PepsiCo presently has an average rating of “Hold” and an average price target of $123.77.
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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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