PepsiCo (NASDAQ:PEP) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

PepsiCo (NASDAQ:PEP) posted its quarterly earnings results on Tuesday. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.49 by $0.05, RTT News reports. The business had revenue of $16.45 billion during the quarter, compared to analyst estimates of $16.44 billion. PepsiCo had a net margin of 19.37% and a return on equity of 65.12%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.61 EPS. PepsiCo updated its FY 2019 guidance to $5.50-5.50 EPS and its FY19 guidance to $5.50 EPS.

PEP stock opened at $134.41 on Thursday. The company has a fifty day simple moving average of $131.72. The stock has a market cap of $188.42 billion, a P/E ratio of 23.75, a P/E/G ratio of 3.45 and a beta of 0.60. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.75. PepsiCo has a 12 month low of $104.53 and a 12 month high of $135.24.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a $0.955 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $0.93. This represents a $3.82 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Thursday, June 6th. PepsiCo’s dividend payout ratio is 67.49%.

PEP has been the subject of several recent analyst reports. SunTrust Banks reiterated a “hold” rating and set a $125.00 price objective on shares of PepsiCo in a research note on Wednesday. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Deutsche Bank boosted their price objective on shares of Las Vegas Sands from $60.00 to $69.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. They noted that the move was a valuation call. Morgan Stanley boosted their price objective on shares of Williams-Sonoma from $52.00 to $56.00 and gave the stock an “underweight” rating in a research note on Wednesday. Finally, Royal Bank of Canada set a GBX 5,200 ($67.95) price objective on shares of London Stock Exchange Group and gave the stock a “buy” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $128.53.

In other news, EVP David Yawman sold 25,263 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $126.42, for a total value of $3,193,748.46. Following the sale, the executive vice president now directly owns 80,934 shares of the company’s stock, valued at approximately $10,231,676.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Marie T. Gallagher sold 7,800 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $125.99, for a total transaction of $982,722.00. Following the completion of the sale, the senior vice president now directly owns 55,665 shares in the company, valued at $7,013,233.35. The disclosure for this sale can be found here. Insiders sold a total of 48,494 shares of company stock worth $6,173,705 over the last ninety days. Insiders own 0.28% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in PepsiCo by 2.4% during the fourth quarter. BlackRock Inc. now owns 97,102,071 shares of the company’s stock worth $10,727,836,000 after buying an additional 2,275,511 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in PepsiCo by 10,622.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,704,199 shares of the company’s stock worth $314,000 after buying an additional 34,380,553 shares in the last quarter. Northern Trust Corp boosted its holdings in PepsiCo by 3.2% during the fourth quarter. Northern Trust Corp now owns 20,185,841 shares of the company’s stock worth $2,230,132,000 after buying an additional 623,727 shares in the last quarter. FMR LLC boosted its holdings in PepsiCo by 0.8% during the first quarter. FMR LLC now owns 10,952,213 shares of the company’s stock worth $1,342,194,000 after buying an additional 84,974 shares in the last quarter. Finally, Yacktman Asset Management LP boosted its holdings in PepsiCo by 0.9% during the fourth quarter. Yacktman Asset Management LP now owns 7,691,249 shares of the company’s stock worth $849,729,000 after buying an additional 68,176 shares in the last quarter. 70.83% of the stock is currently owned by institutional investors and hedge funds.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Earnings History for PepsiCo (NASDAQ:PEP)

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