Pepsico (PEP) Earning Somewhat Favorable News Coverage, Accern Reports
Media stories about Pepsico (NYSE:PEP) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pepsico earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.4251592129246 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Insider Selling: Pepsico, Inc. (NYSE:PEP) SVP Sells 41,489 Shares of Stock (americanbankingnews.com)
- Bargain or Bait? Stock Update on Pepsico, Inc. (NYSE:PEP) and British American Tobacco plc (ASX:BTI) – FLBC News (flbcnews.com)
- Inspired By Fans, Restauranteur Chester Cheetah Serves Up Unique Menu Items With First-Ever Cheetos Restaurant (finance.yahoo.com)
- Cheetos is opening a ‘fine-dining’ restaurant in New York City — but there’s a catch (finance.yahoo.com)
- Critical Comparison: Pepsico (PEP) and Fomento Economico Mexicano S.A.B. de C.V. (FMX) (americanbankingnews.com)
A number of equities research analysts have issued reports on PEP shares. Zacks Investment Research lowered Pepsico from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $130.00 price target (up previously from $127.00) on shares of Pepsico in a research report on Thursday, July 6th. Vetr raised Pepsico from a “hold” rating to a “buy” rating and set a $125.54 price target on the stock in a research report on Wednesday, April 26th. Credit Suisse Group reaffirmed a “buy” rating on shares of Pepsico in a research report on Thursday, April 27th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $115.00 price target on shares of Pepsico in a research report on Thursday, April 27th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Pepsico currently has an average rating of “Buy” and an average target price of $123.04.
Shares of Pepsico (NYSE:PEP) traded down 0.07% during midday trading on Wednesday, hitting $116.63. The stock had a trading volume of 2,513,820 shares. The company has a market cap of $166.26 billion, a P/E ratio of 24.70 and a beta of 0.67. The stock has a 50 day moving average of $115.94 and a 200-day moving average of $112.32. Pepsico has a one year low of $98.50 and a one year high of $118.24.
Pepsico (NYSE:PEP) last announced its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $15.57 billion. During the same quarter in the prior year, the firm posted $1.35 earnings per share. Pepsico’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts forecast that Pepsico will post $5.16 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a yield of 2.76%. 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 that occurred on Monday, August 7th. The stock was sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mehmood Khan sold 63,396 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 174,273 shares in the company, valued at approximately $20,283,634.47. The disclosure for this sale can be found here. Insiders have sold 898,164 shares of company stock worth $104,585,929 in the last 90 days. 0.26% of the stock is currently 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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