Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Pepsico (PEP) Share Price
News stories about Pepsico (NYSE:PEP) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing 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 closest to one being the most favorable. Pepsico earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.2029398006584 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Accern’s rankings:
- What to Expect When PepsiCo Reports (feedproxy.google.com)
- Pepsi Downgraded Just Ahead Of Earnings – Benzinga (benzinga.com)
- Pepsi: Improving Your Portfolio’s Risk/Reward Profile – Seeking Alpha (seekingalpha.com)
- Pepsi: Catching Its Breath Ahead Of Earnings – Seeking Alpha (seekingalpha.com)
- What Analysts Recommend for PepsiCo ahead of 3Q Results (finance.yahoo.com)
Several analysts recently issued reports on the stock. Susquehanna Bancshares Inc reaffirmed a “buy” rating and set a $135.00 price objective on shares of Pepsico in a research note on Monday. BidaskClub upgraded shares of Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research note on Tuesday. Jefferies Group LLC lowered shares of Pepsico from a “buy” rating to a “hold” rating and decreased their target price for the stock from $133.00 to $108.00 in a research note on Monday. Finally, Credit Suisse Group boosted their target price on Pepsico from $124.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, July 12th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $121.71.
Pepsico (NYSE PEP) traded up 0.01% during trading on Tuesday, hitting $109.13. The stock had a trading volume of 6,064,370 shares. The stock’s 50-day moving average is $114.86 and its 200 day moving average is $114.80. Pepsico has a one year low of $98.50 and a one year high of $119.39. The firm has a market cap of $155.57 billion, a price-to-earnings ratio of 23.11 and a beta of 0.68. Pepsico also was the target of some unusual options trading activity on Monday. Investors purchased 5,616 put options on the stock. This is an increase of approximately 248% compared to the average volume of 1,616 put options.
Pepsico (NYSE:PEP) last announced its earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.10. The firm had revenue of $15.71 billion for the quarter, compared to analyst estimates of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. Pepsico’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.35 earnings per share. Equities analysts anticipate that Pepsico will post $5.16 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 1st were issued a $0.805 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $3.22 annualized dividend and a yield of 2.95%. Pepsico’s dividend payout ratio (DPR) is presently 68.22%.
In other news, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction on 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 sale, the executive vice president now owns 174,273 shares of the company’s stock, valued at $20,283,634.47. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Indra K. Nooyi sold 452,830 shares of Pepsico stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $116.44, for a total value of $52,727,525.20. Following the completion of the sale, the chairman now directly owns 733,315 shares of the company’s stock, valued at approximately $85,387,198.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 898,164 shares of company stock worth $104,585,929. Corporate insiders own 0.26% of the company’s stock.
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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