PepsiCo (PEP) Issues FY 2019 Earnings Guidance

PepsiCo (NASDAQ:PEP) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $5.50-5.50 for the period, compared to the Thomson Reuters consensus estimate of $5.51.

A number of research firms recently weighed in on PEP. BidaskClub cut PepsiCo from a buy rating to a hold rating in a report on Tuesday, April 9th. Zacks Investment Research cut PepsiCo from a hold rating to a sell rating in a report on Wednesday, January 23rd. Morgan Stanley upped their price target on PepsiCo from $125.00 to $130.00 and gave the stock an overweight rating in a report on Tuesday, February 19th. Gabelli reaffirmed a buy rating on shares of PepsiCo in a report on Tuesday, February 19th. Finally, ValuEngine lowered PepsiCo from a buy rating to a hold rating in a research note on Saturday, January 5th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. PepsiCo currently has an average rating of Hold and an average price target of $118.79.

PEP stock opened at $122.41 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $173.65 billion, a PE ratio of 21.63, a P/E/G ratio of 3.10 and a beta of 0.65. PepsiCo has a 1 year low of $95.94 and a 1 year high of $124.00.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Friday, February 15th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.49. The business had revenue of $19.52 billion during the quarter, compared to analyst estimates of $19.52 billion. PepsiCo had a return on equity of 69.83% and a net margin of 19.35%. The business’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.31 earnings per share. Equities research analysts predict that PepsiCo will post 5.5 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were given a $0.9275 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $3.71 dividend on an annualized basis and a dividend yield of 3.03%. PepsiCo’s dividend payout ratio (DPR) is presently 65.55%.

In other news, CEO Vivek Sankaran sold 13,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $117.28, for a total value of $1,524,640.00. Following the completion of the sale, the chief executive officer now directly owns 90,379 shares in the company, valued at $10,599,649.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PEP. Geode Capital Management LLC lifted its stake in shares of PepsiCo by 9.2% in the 4th 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 during the period. Two Sigma Advisers LP lifted its stake in shares of PepsiCo by 30.7% during the 4th quarter. Two Sigma Advisers LP now owns 3,086,809 shares of the company’s stock worth $341,031,000 after acquiring an additional 724,600 shares during the last quarter. Avalon Advisors LLC lifted its stake in shares of PepsiCo by 96.3% during the 4th quarter. Avalon Advisors LLC now owns 974,705 shares of the company’s stock worth $107,685,000 after acquiring an additional 478,179 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in shares of PepsiCo by 4.5% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 10,351,812 shares of the company’s stock worth $1,143,670,000 after acquiring an additional 449,861 shares during the last quarter. Finally, Zacks Investment Management lifted its stake in shares of PepsiCo by 224.7% during the 4th quarter. Zacks Investment Management now owns 648,046 shares of the company’s stock worth $71,596,000 after acquiring an additional 448,463 shares during the last quarter. Hedge funds and other institutional investors own 72.30% of the company’s stock.

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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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Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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