Media stories about Pepsico (NYSE:PEP) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pepsico earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.4863722666728 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern’s scoring:
- Pepsico, Inc. (PEP) Shares Bought by HighTower Advisors LLC (vothemes.com)
- PepsiCo Draws the Short Straw (msn.com)
- Analysts Expect Pepsico, Inc. (PEP) to Announce $1.42 Earnings Per Share (americanbankingnews.com)
- Pepsico, Inc. (PEP) Position Raised by Wright Investors Service Inc (wisdomsave.com)
- [$$] PepsiCo Draws the Short Straw (finance.yahoo.com)
Several research firms recently weighed in on PEP. BidaskClub upgraded shares of Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. BMO Capital Markets reiterated a “hold” rating and issued a $120.00 price objective on shares of Pepsico in a report on Wednesday, September 6th. Royal Bank Of Canada reissued a “hold” rating and issued a $115.00 price target on shares of Pepsico in a research note on Wednesday, September 6th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $133.00 price target (down previously from $134.00) on shares of Pepsico in a research note on Thursday, July 6th. Finally, Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research note on Tuesday, August 22nd. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $123.32.
Pepsico (NYSE:PEP) traded down 0.48% on Wednesday, reaching $114.45. 5,127,149 shares of the company’s stock were exchanged. The firm has a market capitalization of $163.15 billion, a price-to-earnings ratio of 24.24 and a beta of 0.68. Pepsico has a 1-year low of $98.50 and a 1-year high of $119.39. The stock’s 50 day moving average price is $116.63 and its 200 day moving average price is $114.53.
Pepsico (NYSE:PEP) last posted its earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.10. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The company had revenue of $15.71 billion during the quarter, compared to analyst estimates of $15.57 billion. During the same period in the previous year, the company earned $1.35 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts expect that Pepsico will post $5.15 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be given a $0.805 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.81%. Pepsico’s dividend payout ratio is presently 68.22%.
In related news, CEO Indra K. Nooyi sold 340,449 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $116.42, for a total value of $39,635,072.58. Following the sale, the chief executive officer now owns 733,315 shares in the company, valued at approximately $85,372,532.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Indra K. Nooyi sold 452,830 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $116.44, for a total value of $52,727,525.20. Following the completion of the sale, the chairman now owns 733,315 shares in the company, valued at approximately $85,387,198.60. The disclosure for this sale can be found here. Insiders sold a total of 898,164 shares of company stock valued at $104,585,929 over the last quarter. 0.26% of the stock is owned by insiders.
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PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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