PepsiCo (NASDAQ:PEP) will be releasing its earnings data before the market opens on Friday, February 15th. Analysts expect PepsiCo to post earnings of $1.49 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Shares of PEP opened at $114.12 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 2.95. PepsiCo has a 12-month low of $95.94 and a 12-month high of $122.00. The firm has a market cap of $159.56 billion, a PE ratio of 21.82, a PEG ratio of 2.78 and a beta of 0.62.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a dividend yield of 3.25%. PepsiCo’s dividend payout ratio (DPR) is presently 70.94%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in shares of PepsiCo by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 19,470,093 shares of the company’s stock worth $2,147,510,000 after acquiring an additional 1,641,608 shares in the last quarter. Fiera Capital Corp increased its holdings in shares of PepsiCo by 7.6% in the fourth quarter. Fiera Capital Corp now owns 4,487,211 shares of the company’s stock worth $495,748,000 after acquiring an additional 317,070 shares in the last quarter. Magnus Financial Group LLC bought a new stake in shares of PepsiCo in the fourth quarter worth about $27,686,000. Dimensional Fund Advisors LP increased its holdings in shares of PepsiCo by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,435,417 shares of the company’s stock worth $490,028,000 after acquiring an additional 104,078 shares in the last quarter. Finally, Prudential PLC increased its holdings in shares of PepsiCo by 4.1% in the fourth quarter. Prudential PLC now owns 1,918,108 shares of the company’s stock worth $211,913,000 after acquiring an additional 76,401 shares in the last quarter. Institutional investors and hedge funds own 72.59% of the company’s stock.
Several brokerages have recently issued reports on PEP. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Zacks Investment Research reaffirmed a “sell” rating on shares of PepsiCo in a research note on Wednesday, November 14th. Finally, UBS Group began coverage on PepsiCo in a research note on Thursday, December 13th. They set a “neutral” rating and a $123.00 price target on the stock. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $117.38.
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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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