PepsiCo, Inc. (NASDAQ:PEP) – Jefferies Group issued their Q1 2018 EPS estimates for shares of PepsiCo in a research note issued on Tuesday, Zacks Investment Research reports. Jefferies Group analyst K. Grundy forecasts that the company will post earnings of $0.97 per share for the quarter. Jefferies Group has a “Hold” rating and a $113.00 price objective on the stock. Jefferies Group also issued estimates for PepsiCo’s Q2 2018 earnings at $1.59 EPS, Q3 2018 earnings at $1.68 EPS, Q4 2018 earnings at $1.50 EPS, FY2018 earnings at $5.73 EPS, FY2019 earnings at $6.11 EPS and FY2020 earnings at $6.53 EPS.
A number of other equities analysts have also recently issued reports on the company. SunTrust Banks reduced their target price on PepsiCo from $125.00 to $115.00 and set a “hold” rating on the stock in a report on Wednesday, February 14th. JPMorgan Chase & Co. dropped their price target on PepsiCo from $127.00 to $124.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 14th. Susquehanna Bancshares lifted their target price on PepsiCo from $137.00 to $140.00 and gave the company a “positive” rating in a research report on Monday, February 12th. Credit Suisse Group reissued a “neutral” rating and issued a $124.00 target price (up previously from $122.00) on shares of PepsiCo in a research report on Thursday, February 1st. Finally, BidaskClub lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $123.04.
PepsiCo (PEP) traded up $1.26 during trading on Thursday, reaching $109.26. The company had a trading volume of 5,394,700 shares, compared to its average volume of 4,467,792. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.37 and a current ratio of 1.51. PepsiCo has a fifty-two week low of $106.19 and a fifty-two week high of $122.51. The company has a market capitalization of $155,450.00, a PE ratio of 21.51, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.01. The firm had revenue of $19.53 billion during the quarter, compared to analyst estimates of $19.40 billion. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 earnings per share.
PepsiCo declared that its board has authorized a share repurchase program on Tuesday, February 13th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 2nd will be issued a $0.805 dividend. The ex-dividend date is Thursday, March 1st. This represents a $3.22 annualized dividend and a yield of 2.95%. PepsiCo’s dividend payout ratio is presently 63.26%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in PepsiCo by 8.5% in the 4th quarter. Geode Capital Management LLC now owns 16,678,262 shares of the company’s stock worth $1,996,271,000 after purchasing an additional 1,305,279 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of PepsiCo by 3.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 8,126,159 shares of the company’s stock valued at $974,344,000 after purchasing an additional 252,631 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of PepsiCo by 0.6% during the 4th quarter. UBS Asset Management Americas Inc. now owns 7,174,653 shares of the company’s stock valued at $860,384,000 after purchasing an additional 41,529 shares in the last quarter. APG Asset Management N.V. boosted its position in shares of PepsiCo by 6.6% during the 4th quarter. APG Asset Management N.V. now owns 6,708,832 shares of the company’s stock valued at $669,989,000 after purchasing an additional 413,900 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of PepsiCo by 18.1% during the 4th 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 in the last quarter. 70.62% of the stock is owned by hedge funds and other institutional investors.
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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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