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.
Wallabies send home trio to prepare for end of season tour He continued: 'I've seen the footage, they've been going pretty good and I know how that New Zealand game can go against you. Rugby is a amusing game, now five games into a six-game tournament, we still don't know if the Springboks are good or bad.
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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