PepsiCo (NASDAQ:PEP) released its quarterly earnings data on Monday. The company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.73 by $0.06, MarketWatch Earnings reports. The company had revenue of $20.19 billion during the quarter, compared to the consensus estimate of $19.39 billion. PepsiCo had a return on equity of 59.56% and a net margin of 11.01%. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.66 EPS.
PEP stock traded up $3.67 during mid-day trading on Wednesday, reaching $154.76. The company’s stock had a trading volume of 347,602 shares, compared to its average volume of 4,925,226. The company has a market cap of $213.90 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 2.96 and a beta of 0.60. The business’s 50 day moving average price is $155.30 and its 200 day moving average price is $149.60. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 2.47. PepsiCo has a 12 month low of $128.32 and a 12 month high of $159.63.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 30th. Shareholders of record on Friday, September 3rd were issued a $1.075 dividend. The ex-dividend date was Thursday, September 2nd. This represents a $4.30 dividend on an annualized basis and a yield of 2.78%. PepsiCo’s payout ratio is currently 77.90%.
A hedge fund recently bought a new stake in PepsiCo stock. OLD Mission Capital LLC acquired a new position in PepsiCo, Inc. (NASDAQ:PEP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,848 shares of the company’s stock, valued at approximately $256,000. 70.55% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have issued reports on PEP. Citigroup raised their price target on PepsiCo from $162.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 14th. Credit Suisse Group cut PepsiCo from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $155.00 to $157.00 in a research report on Wednesday, July 14th. Guggenheim increased their price objective on PepsiCo from $171.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, September 21st. Cowen reiterated a “buy” rating and set a $165.00 price objective on shares of PepsiCo in a research report on Friday, July 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on PepsiCo from $158.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $161.77.
PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.
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