News stories about Pepsico (NYSE:PEP) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pepsico earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.6659933935286 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s analysis:
- Arby’s will now serve Coke products after PepsiCo loses contract – Chicago Tribune (chicagotribune.com)
- Investors Purchase High Volume of Pepsico Call Options (PEP) (americanbankingnews.com)
- Pepsico (PEP) Raising Eyebrows Among Investors – StockNewsGazette (stocknewsgazette.com)
- Coca-Cola Wins Arby’s Away From PepsiCo in Latest Showdown … – Bloomberg (bloomberg.com)
- Racial justice group pressures PepsiCo’s CEO to exit Trump’s business council (dallasnews.com)
A number of equities research analysts recently issued reports on the stock. Vetr upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $125.54 target price for the company in a research report on Wednesday, April 26th. Zacks Investment Research upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research report on Friday, July 14th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $133.00 price objective (down previously from $134.00) on shares of Pepsico in a report on Thursday, July 6th. BidaskClub raised shares of Pepsico from a “hold” rating to a “buy” rating in a report on Thursday. Finally, BMO Capital Markets lowered shares of Pepsico from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $118.00 to $120.00 in a report on Wednesday, June 7th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Pepsico presently has an average rating of “Buy” and an average price target of $123.40.
Shares of Pepsico (NYSE PEP) traded down 0.67% during mid-day trading on Friday, reaching $117.60. 3,776,515 shares of the company’s stock traded hands. The company has a market cap of $167.64 billion, a price-to-earnings ratio of 24.90 and a beta of 0.67. The company has a 50 day moving average of $116.16 and a 200 day moving average of $113.32. Pepsico has a 12 month low of $98.50 and a 12 month high of $119.39. Pepsico also was the target of unusually large options trading on Wednesday. Stock traders bought 1,176 call options on the stock. This is an increase of 536% compared to the typical daily volume of 185 call options.
Pepsico (NYSE:PEP) last released its earnings results on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.10. The business had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $15.57 billion. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 earnings per share. Analysts expect that Pepsico will post $5.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Wednesday, August 30th. Pepsico’s payout ratio is currently 68.22%.
In other Pepsico news, SVP Marie T. Gallagher sold 41,489 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $116.77, for a total value of $4,844,670.53. Following the completion of the sale, the senior vice president now owns 76,037 shares in the company, valued at $8,878,840.49. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mehmood Khan sold 63,396 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $116.39, for a total value of $7,378,660.44. Following the completion of the transaction, the executive vice president now directly owns 174,273 shares of the company’s stock, valued at approximately $20,283,634.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 898,164 shares of company stock worth $104,585,929. Corporate insiders own 0.26% of the company’s stock.
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Pepsico Company Profile
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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