Pepsico (PEP) Receiving Somewhat Positive News Coverage, Study Shows

Press coverage about Pepsico (NYSE:PEP) has been trending somewhat positive this week, Accern reports. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pepsico earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.6629686771238 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

Pepsico (PEP) traded down $0.97 on Thursday, hitting $115.08. 3,598,400 shares of the company traded hands, compared to its average volume of 3,666,749. Pepsico has a 52-week low of $98.50 and a 52-week high of $119.39. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35. The firm has a market cap of $165,039.69, a P/E ratio of 22.67, a PEG ratio of 3.15 and a beta of 0.66.

Pepsico (NYSE:PEP) last released its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.05. Pepsico had a net margin of 13.28% and a return on equity of 71.61%. The firm had revenue of $16.24 billion during the quarter, compared to the consensus estimate of $16.35 billion. During the same quarter in the prior year, the firm earned $1.40 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. sell-side analysts expect that Pepsico will post 5.22 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 1st will be given a dividend of $0.805 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.80%. Pepsico’s dividend payout ratio (DPR) is presently 66.53%.

PEP has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research note on Tuesday, August 22nd. Credit Suisse Group downgraded Pepsico from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $126.00 to $124.00 in a research report on Friday, September 8th. Jefferies Group LLC lowered shares of Pepsico from a “buy” rating to a “hold” rating and dropped their price objective for the company from $133.00 to $108.00 in a report on Monday, October 2nd. BidaskClub raised shares of Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $115.00 price objective on shares of Pepsico in a report on Wednesday, September 6th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Pepsico currently has an average rating of “Buy” and a consensus price target of $121.35.

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In related news, insider Ramon Laguarta sold 21,449 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total transaction of $2,370,328.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is owned by corporate insiders.

About Pepsico

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).

Insider Buying and Selling by Quarter for Pepsico (NYSE:PEP)

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