Pepsico, Inc. (NYSE:PEP) is set to issue its quarterly earnings data before the market opens on Wednesday, September 27th. Analysts expect the company to announce earnings of $1.40 per share for the quarter. Pepsico has set its FY17 guidance at $5.13 EPS.

Pepsico (NYSE:PEP) last posted its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.10. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The firm had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $15.57 billion. During the same period in the previous year, the company posted $1.35 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts expect Pepsico to post $5.16 EPS for the current fiscal year and $5.56 EPS for the next fiscal year.

Pepsico, Inc. (NYSE:PEP) opened at 114.49 on Wednesday. The stock has a market capitalization of $163.21 billion, a PE ratio of 24.25 and a beta of 0.68. Pepsico, Inc. has a 12-month low of $98.50 and a 12-month high of $119.39. The stock’s 50 day moving average is $116.31 and its 200 day moving average is $114.69.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a $0.805 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.22 annualized dividend and a yield of 2.81%. Pepsico’s dividend payout ratio (DPR) is presently 68.22%.

TRADEMARK VIOLATION NOTICE: “Pepsico, Inc. (PEP) to Release Quarterly Earnings on Wednesday” was posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.watchlistnews.com/pepsico-inc-pep-to-release-quarterly-earnings-on-wednesday/1574271.html.

In related news, EVP Mehmood Khan sold 63,396 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were 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 owns 174,273 shares of the company’s stock, valued at $20,283,634.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Marie T. Gallagher sold 41,489 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the completion of the transaction, the senior vice president now directly owns 76,037 shares of the company’s stock, valued at approximately $8,878,840.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 898,164 shares of company stock valued at $104,585,929. 0.26% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Aviance Capital Management LLC acquired a new stake in Pepsico in the second quarter valued at $111,000. Patriot Financial Group Insurance Agency LLC lifted its stake in Pepsico by 5.9% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,211 shares of the company’s stock valued at $138,000 after acquiring an additional 67 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its stake in Pepsico by 17.6% in the second quarter. Signature Estate & Investment Advisors LLC now owns 1,507 shares of the company’s stock valued at $174,000 after acquiring an additional 225 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its stake in Pepsico by 68.8% in the second quarter. Harvest Fund Management Co. Ltd now owns 1,528 shares of the company’s stock valued at $176,000 after acquiring an additional 623 shares during the last quarter. Finally, Opes Advisors Inc acquired a new stake in Pepsico in the second quarter valued at $201,000. 70.06% of the stock is owned by institutional investors and hedge funds.

PEP has been the topic of several analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $133.00 target price (up from $130.00) on shares of Pepsico in a report on Wednesday, July 12th. BidaskClub downgraded shares of Pepsico from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Tuesday, August 22nd. Royal Bank of Canada reissued a “hold” rating and set a $115.00 price objective on shares of Pepsico in a research report on Thursday, May 25th. Finally, Credit Suisse Group downgraded shares of Pepsico from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $126.00 to $124.00 in a research report on Friday, September 8th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Pepsico has a consensus rating of “Buy” and an average price target of $123.44.

About Pepsico

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).

Earnings History for Pepsico (NYSE:PEP)

Receive News & Ratings for Pepsico Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pepsico Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.