PepsiCo (NASDAQ:PEP) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $5.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.65.
PepsiCo opened at $107.76 on Tuesday, MarketBeat.com reports. The company has a current ratio of 1.28, a quick ratio of 1.15 and a debt-to-equity ratio of 2.91. The firm has a market cap of $155.34 billion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 2.60 and a beta of 0.68. PepsiCo has a twelve month low of $95.94 and a twelve month high of $122.51.
Get PepsiCo alerts:PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, July 10th. The company reported $1.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.08. The business had revenue of $16.09 billion for the quarter, compared to analyst estimates of $16.05 billion. PepsiCo had a net margin of 7.62% and a return on equity of 62.43%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.50 EPS. sell-side analysts forecast that PepsiCo will post 5.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Friday, June 1st were issued a dividend of $0.9275 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $0.81. The ex-dividend date was Thursday, May 31st. This represents a $3.71 annualized dividend and a dividend yield of 3.44%. PepsiCo’s payout ratio is presently 70.94%.
Several research firms recently issued reports on PEP. Goldman Sachs Group reaffirmed a sell rating on shares of PepsiCo in a research note on Tuesday, April 17th. BidaskClub downgraded shares of PepsiCo from a hold rating to a sell rating in a research note on Friday, April 20th. Stifel Nicolaus dropped their price target on shares of PepsiCo from $120.00 to $110.00 and set a hold rating on the stock in a research note on Friday, April 27th. SunTrust Banks dropped their price target on shares of PepsiCo to $105.00 and set a hold rating on the stock in a research note on Friday, April 27th. Finally, Barclays reaffirmed a hold rating and set a $108.00 price target on shares of PepsiCo in a research note on Monday, April 30th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $119.21.
An institutional investor recently bought a new position in PepsiCo stock. HC Financial Advisors Inc. bought a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,676 shares of the company’s stock, valued at approximately $1,040,000. Institutional investors own 69.70% of the company’s stock.
PepsiCo Company Profile
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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