PepsiCo (NASDAQ:PEP) Earning Favorable Media Coverage, Report Shows

News stories about PepsiCo (NASDAQ:PEP) have been trending positive this week, according to InfoTrie. The research firm scores the sentiment of press coverage by analyzing more than 6,000 news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. PepsiCo earned a coverage optimism score of 3.00 on their scale. InfoTrie also gave news stories about the company an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have effected PepsiCo’s analysis:

A number of equities research analysts have issued reports on the stock. BidaskClub raised shares of PepsiCo from a “buy” rating to a “strong-buy” rating in a report on Friday, June 7th. Wells Fargo & Co increased their target price on PepsiCo from $120.00 to $127.00 and gave the company a “positive” rating in a research report on Tuesday, May 14th. ValuEngine upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Royal Bank of Canada set a $115.00 target price on PepsiCo and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Goldman Sachs Group set a $132.00 target price on PepsiCo and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $124.65.

Shares of PEP opened at $133.14 on Thursday. The firm has a market capitalization of $186.72 billion, a P/E ratio of 23.52, a P/E/G ratio of 3.46 and a beta of 0.62. PepsiCo has a 52-week low of $104.16 and a 52-week high of $134.71. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 1.99.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, April 17th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. The company had revenue of $12.88 billion during the quarter, compared to the consensus estimate of $12.68 billion. PepsiCo had a return on equity of 65.12% and a net margin of 19.37%. PepsiCo’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share. On average, sell-side analysts anticipate that PepsiCo will post 5.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a $0.955 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This is an increase from PepsiCo’s previous quarterly dividend of $0.93. This represents a $3.82 dividend on an annualized basis and a yield of 2.87%. PepsiCo’s dividend payout ratio (DPR) is currently 67.49%.

In other PepsiCo news, Chairman Ramon Laguarta sold 15,431 shares of the 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 sale, the chairman now owns 232,394 shares in the company, valued at $30,078,755.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP David Yawman sold 25,263 shares of the 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 owns 80,934 shares in the company, valued at approximately $10,231,676.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,494 shares of company stock valued at $6,173,705. 0.28% of the stock is owned by corporate insiders.

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PepsiCo Company Profile

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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