PepsiCo (NASDAQ:PEP) posted its quarterly earnings data on Wednesday. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.05, MarketWatch Earnings reports. The business had revenue of $12.88 billion for the quarter, compared to the consensus estimate of $12.68 billion. PepsiCo had a net margin of 19.35% and a return on equity of 69.83%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. PepsiCo updated its FY 2019 guidance to $5.50-5.50 EPS.
Shares of PEP opened at $122.41 on Wednesday. PepsiCo has a 1-year low of $95.94 and a 1-year high of $124.00. The stock has a market cap of $173.65 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 3.10 and a beta of 0.65. The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 1.94.
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were given a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, February 28th. PepsiCo’s dividend payout ratio is presently 65.55%.
In other PepsiCo news, CEO Vivek Sankaran sold 13,000 shares of PepsiCo stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $117.28, for a total transaction of $1,524,640.00. Following the completion of the sale, the chief executive officer now directly owns 90,379 shares in the company, valued at $10,599,649.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.28% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. First Trust Advisors LP lifted its stake in PepsiCo by 2.9% in the third quarter. First Trust Advisors LP now owns 934,879 shares of the company’s stock worth $104,519,000 after acquiring an additional 26,151 shares during the last quarter. Creative Planning lifted its stake in PepsiCo by 1.8% in the third quarter. Creative Planning now owns 792,559 shares of the company’s stock worth $88,608,000 after acquiring an additional 13,977 shares during the last quarter. Watch Point Trust Co lifted its stake in PepsiCo by 10.0% in the third quarter. Watch Point Trust Co now owns 22,210 shares of the company’s stock worth $2,483,000 after acquiring an additional 2,028 shares during the last quarter. Palo Capital Inc. purchased a new position in PepsiCo in the third quarter worth approximately $1,012,000. Finally, Carnick & Kubik Group LLC lifted its stake in PepsiCo by 26.0% in the third quarter. Carnick & Kubik Group LLC now owns 12,600 shares of the company’s stock worth $1,408,000 after acquiring an additional 2,600 shares during the last quarter. 72.30% of the stock is owned by institutional investors and hedge funds.
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PepsiCo Company Profile
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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