PepsiCo now expects to earn $5.23 per share for the full year, versus a previous expectation of $5.13. (NYSE:PEP). Fisher Asset Management Llc accumulated 5.78 million shares or 1.01% of the stock. Karp Capital Management Corp acquired a new stake in Pepsico in the first quarter valued at approximately $112,080,000.
For the company as a whole, net income rose to $2.14 billion, or $1.49 per share, in the quarter, from $1.99 billion, or $1.37 per share, a year earlier. Riggs Asset Managment Co. Despite the challenges in our NAB business, the PepsiCo portfolio overall generated revenue, operating profit and earnings per share growth.
A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. (NYSE:PEP). Caisse De Depot Et Placement Du Quebec invested 0.62% in PepsiCo, Inc. (NYSE:PEP). Lumbard Kellner Limited Liability Company has invested 0.2% in PepsiCo, Inc.
Pepsico, Inc. (PEP) shares jumped and closed the day at $109.13, with the percent change of 0.01%. The company has a market cap of $156.99 billion, a P/E ratio of 23.32 and a beta of 0.68. For the past 5 days of trading, the stock has seen a move of -2.52%. Vanguard Group Inc. lifted its stake in Pepsico by 2.4% in the second quarter.
A number of large investors have recently added to or reduced their stakes in the stock.
Pepsico (NYSE:PEP) last issued its quarterly earnings data on Tuesday, July 11th. According to their observations and findings, the stock could provide a high EPS of $1.48/share and a low EPS of $1.37/share. Net profit margin of Pepsico, Inc. Excluding certain items, the company earned a profit of $1.48 per share, beating the average analyst estimate of $1.43, according to Thomson Reuters I/B/E/S. Companywide net revenue rose 1.3% to $16.24 billion, a hair below the average analyst estimate of $16.31 billion. The company has its outstanding shares of 1.43 Billion. Foreign exchange had a negative impact on the revenue and EPS of approximately 1%.
Ccm Investment Advisers Llc increased Pepsico Inc.
Many other brokerage firms also commented on PEP. Credit Suisse Group lowered shares of Pepsico from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $126.00 to $124.00 in a research report on Friday, September 8th. This represents a $3.22 annualized dividend and a yield of 2.95%. "(TSS) Ex-Dividend Date Scheduled for September 20 ..." on September 05, 2017. Pepsico's payout ratio is 68.22%.
In other news, SVP Marie T. Gallagher sold 41,489 shares of Pepsico stock in a transaction on Monday, August 7th. The shares were sold at an average price of $116.39, for a total value of $7,378,660.44. Following the transaction, the chairman now directly owns 733,315 shares of the company's stock, valued at approximately $85,387,198.60. The disclosure for this sale can be found here. This showed a surprise of 7.1% in the last quarter earnings. OMC's institutional ownership was registered as insider ownership was 0.50%.
Check back later for our full write up on this PEPearnings report later! BidaskClub cut Pepsico from a "buy" rating to a "hold" rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded Pepsico from a "hold" rating to a "buy" rating and set a $132.00 target price on the stock in a research note on Tuesday, August 22nd. On Monday, October 2 the stock rating was downgraded by Jefferies to "Hold". Finally, Royal Bank Of Canada restated a "hold" rating and set a $115.00 price target on shares of Pepsico in a research report on Wednesday, September 6th. Cowen and Company reaffirmed an "outperform" recommendation and given a $128.00 price objective on the stock of Pepsico in a note on Thurs, Jul 13th. Pepsico now has an average rating of "Buy" and an average price target of $121.87.
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It's a hard economic climate for soda manufacturers right now, although PepsiCo does have its snacks and Quaker Foods segments to help offset the declines.
In the recent past, PepsiCo's non-carbonated portfolio, which includes drinks like Gatorade, Tropicana orange juice, and the new LIFEWTR enhanced water product, has been able to absorb soft-drink volume declines within NAB.
Quaker Foods North America grew volume by 1%; Europe and Sub-Saharan Africa was up 6% in food and 2% in beverages; while Asia, the Middle East and North Africa was between 1% and 2% stronger overall. It worsened, as 44 investors sold PEP shares while 778 reduced holdings.
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