Media coverage about PepsiCo (NASDAQ:PEP) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. PepsiCo earned a news impact score of 0.25 on Accern’s scale. Accern also gave news headlines about the company an impact score of 47.0048734152331 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s rankings:
A number of research firms have commented on PEP. Stifel Nicolaus reissued a “hold” rating and issued a $120.00 target price on shares of PepsiCo in a report on Friday, December 22nd. BidaskClub lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Jefferies Group reissued a “hold” rating and set a $113.00 price target on shares of PepsiCo in a report on Tuesday, February 13th. SunTrust Banks lowered their price objective on PepsiCo from $125.00 to $115.00 and set a “hold” rating on the stock in a research report on Wednesday, February 14th. Finally, Zacks Investment Research downgraded PepsiCo from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $123.04.
Shares of PEP opened at $109.30 on Friday. The firm has a market cap of $155,145.34, a PE ratio of 20.90, a price-to-earnings-growth ratio of 2.59 and a beta of 0.66. The company has a quick ratio of 1.37, a current ratio of 1.51 and a debt-to-equity ratio of 3.03. PepsiCo has a 12 month low of $105.94 and a 12 month high of $122.51.
PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.01. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. The company had revenue of $19.53 billion for the quarter, compared to the consensus estimate of $19.40 billion. During the same period last year, the firm earned $1.20 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. analysts forecast that PepsiCo will post 5.7 earnings per share for the current year.
PepsiCo announced that its board has initiated a stock buyback program on Tuesday, February 13th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 2nd were given a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Thursday, March 1st. PepsiCo’s dividend payout ratio (DPR) is presently 61.57%.
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PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's 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 brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.
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