Media stories about PepsiCo (NASDAQ:PEP) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PepsiCo earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.1942757951377 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- New DRINKFINITY® Encourages People to “Peel, Pop and Shake” to Create Personalized Beverages for Every Lifestyle at Any Time of Day (finance.yahoo.com)
- Coca-Cola Is Gearing Up for Higher Earnings Growth (finance.yahoo.com)
- What Boosted PepsiCo’s Operating Margin in Fiscal 4Q17? (finance.yahoo.com)
- PepsiCo Stock: A Look at Analysts’ Reaction to 4Q17 Results (finance.yahoo.com)
- PepsiCo steps up marketing investment on its ‘big brands’ – Marketing Interactive (marketing-interactive.com)
A number of equities analysts have weighed in on the company. Zacks Investment Research lowered PepsiCo from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Susquehanna Bancshares lifted their price objective on PepsiCo from $137.00 to $140.00 and gave the company a “positive” rating in a research note on Monday, February 12th. SunTrust Banks assumed coverage on PepsiCo in a research note on Monday, January 29th. They set a “hold” rating and a $125.00 price objective for the company. Cowen reiterated a “buy” rating and set a $133.00 price objective on shares of PepsiCo in a research note on Tuesday, January 9th. Finally, Jefferies Group reiterated a “hold” rating and set a $113.00 price objective on shares of PepsiCo in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $123.04.
PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.01. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. The firm had revenue of $19.53 billion during the quarter, compared to analyst estimates of $19.40 billion. During the same quarter in the previous year, the business earned $1.20 EPS. PepsiCo’s revenue for the quarter was up .1% compared to the same quarter last year. sell-side analysts anticipate that PepsiCo will post 5.69 earnings per share for the current fiscal year.
PepsiCo declared that its Board of Directors has authorized a stock buyback plan on Tuesday, February 13th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 2nd will be paid a $0.805 dividend. The ex-dividend date is Thursday, March 1st. This represents a $3.22 annualized dividend and a dividend yield of 2.94%. PepsiCo’s dividend payout ratio is presently 63.26%.
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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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