PepsiCo, Inc. (NASDAQ:PEP) – Stock analysts at SunTrust Banks lifted their Q4 2019 earnings per share estimates for shares of PepsiCo in a research note issued on Tuesday, July 9th. SunTrust Banks analyst W. Chappell now forecasts that the company will post earnings of $1.49 per share for the quarter, up from their previous estimate of $1.48. SunTrust Banks has a “Hold” rating and a $125.00 price objective on the stock. SunTrust Banks also issued estimates for PepsiCo’s Q1 2020 earnings at $1.07 EPS, Q2 2020 earnings at $1.66 EPS and Q3 2020 earnings at $1.64 EPS.
PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, July 9th. The company reported $1.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.05. The business had revenue of $16.45 billion for the quarter, compared to analysts’ expectations of $16.44 billion. PepsiCo had a return on equity of 59.50% and a net margin of 19.59%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.61 earnings per share.
Other research analysts have also recently issued research reports about the company. BMO Capital Markets cut GLENCORE PLC/ADR from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Goldman Sachs Group set a $131.00 target price on Microsoft and gave the company a “buy” rating in a research note on Wednesday, April 24th. Jefferies Financial Group raised their price objective on PepsiCo from $123.00 to $134.00 and gave the company a “hold” rating in a research note on Wednesday. Deutsche Bank raised their price objective on Las Vegas Sands from $60.00 to $69.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. They noted that the move was a valuation call. Finally, Argus raised their price objective on Lululemon Athletica to $200.00 and gave the company a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. PepsiCo has a consensus rating of “Hold” and a consensus price target of $128.53.
PEP opened at $133.28 on Friday. The company has a market capitalization of $187.84 billion, a PE ratio of 23.55, a PEG ratio of 3.49 and a beta of 0.60. The company has a current ratio of 0.86, a quick ratio of 0.75 and a debt-to-equity ratio of 1.97. PepsiCo has a 52 week low of $104.53 and a 52 week high of $135.24. The company has a fifty day moving average price of $131.86.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.955 per share. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.87%. PepsiCo’s dividend payout ratio is currently 67.49%.
In other news, CEO Steven C. Williams sold 2,420 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $133.95, for a total transaction of $324,159.00. Following the completion of the sale, the chief executive officer now directly owns 54,920 shares in the company, valued at $7,356,534. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David Yawman sold 25,263 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $126.42, for a total transaction of $3,193,748.46. Following the sale, the executive vice president now owns 80,934 shares of the company’s stock, valued at $10,231,676.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,914 shares of company stock valued at $6,497,864. 0.28% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Evolution Wealth Advisors LLC purchased a new stake in PepsiCo in the second quarter worth about $27,000. Horan Securities Inc. lifted its holdings in PepsiCo by 460.0% in the fourth quarter. Horan Securities Inc. now owns 280 shares of the company’s stock worth $30,000 after buying an additional 230 shares during the period. 1 North Wealth Services LLC purchased a new stake in PepsiCo in the fourth quarter worth about $39,000. Financial Gravity Companies Inc. purchased a new stake in PepsiCo in the fourth quarter worth about $41,000. Finally, Thor Advisors LLC purchased a new stake in PepsiCo in the first quarter worth about $70,000. Institutional investors own 70.83% of the company’s stock.
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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