Economy

PepsiCo Beats Earnings in Q3 Despite Struggling Sales in North America

PepsiCo Beats Earnings in Q3 Despite Struggling Sales in North America

(NYSE:PEP) stock may see increased volatility following the report. Following the sale, the chief executive officer now directly owns 733,315 shares of the company's stock, valued at approximately $85,372,532.30. Pepsico comprises approximately 3.2% of Trust Co's portfolio, making the stock its 10th largest position. Pioneer Investment Management Inc. grew its position in shares of Pepsico by 19.9% during the first quarter. Bank of Montreal Can increased its position in Pepsico by 16.6% during the first quarter.

Selz Capital Llc, which manages about $474.62 million and $354.02M US Long portfolio, decreased its stake in Helix Energy Solutions Group Inc (NYSE:HLX) by 100,000 shares to 300,000 shares, valued at $1.69M in 2017Q2, according to the filing. (NYSE:PEP). Brown Advisory Secs Ltd Limited Liability Company stated it has 1.05% of its portfolio in PepsiCo, Inc. The institutional investor held 248,834 shares of the consumer non-durables company at the end of 2017Q2, valued at $28.74 million, up from 206,058 at the end of the previous reported quarter.

PEP has been the subject of several analyst reports. Adjusted earnings were $1.48 per share, beating the $1.48 per share analysts expected, according to Zacks Investment Research. Susquehanna Bancshares Inc reissued a "positive" rating and set a $133.00 target price (down previously from $134.00) on shares of Pepsico in a research report on Thursday, July 6th. Cowen and Company restated a "buy" rating on shares of Pepsico in a research report on Sunday, September 17th. BMO Capital Markets lowered Pepsico from an "outperform" rating to a "market perform" rating and upped their price objective for the stock from $118.00 to $120.00 in a research report on Wednesday, June 7th. The shares were sold at an average price of $116.42, for a total value of $39,635,072.58. Following 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Shelter Ins Retirement Plan sold 7,500 shares as the company's stock rose 5.12% with the market. The stock was sold at an average price of $116.39, for a total transaction of $7,378,660.44.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -2.66%, and has a solid year to date (YTD) performance of 4.3% which means that the stock is constantly adding to its value from the previous fiscal year end price.

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Pepsico, Inc. (NYSE:PEP) attracting analysts when it go through a change of 0.49% in the current trading session to trade at $109.67. The stock's 50 day SMA is $114.86 and its 200 SMA is $114.80. Selz Capital Llc who had been investing in Shire Plc Sponsored Adr for a number of months, seems to be bullish on the $46.76 billion market cap company. Pepsico also was the recipient of unusually large options trading on Monday. Unusual volume can be a major signal that investment gurus and momentum traders are piling into a stock ahead of a catalyst.

The drinks and snacks group said earlier today that volumes from its global drinks operations in the nine months to 9 September were down by 1% on the corresponding period previous year. PepsiCo, Inc. (NYSE:PEP) has risen 12.20% since October 3, 2016 and is uptrending. They are also projecting the Low EPS estimate of $1.24 and the High EPS estimate of $1.34. However it has a net margin of 10.80%.

The soda maker said third quarter revenue rose 1.3 percent to $16.24 billion.

The Purchase, NY-based beverage and snack food giant reported Q3 earnings per share (EPS) of $1.48, which was $0.05 better than the Wall Street consensus estimate of $1.43. (NYSE:PEP) were released by: Seekingalpha.com and their article: "PepsiCo: A Unique Chance To Buy" published on September 28, 2017 as well as Fool.com's news article titled: "5 Essential Themes in PepsiCo's Upcoming Earnings" with publication date: September 28, 2017.

The return on assets (ROA) (aka return on total assets, return on average assets), is one of the most widely used profitability ratios because it is related to both profit margin and asset turnover, and shows the rate of return for both creditors and investors of the company. This represents a $3.22 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Wednesday, August 30th. Pepsico's dividend payout ratio is 68.22%. Acropolis Inv Mgmt Ltd Liability Corp holds 0.22% of its portfolio in PepsiCo, Inc. The company is stepping up marketing spending on Pepsi and Mountain Dew, including the zero and lower-calorie products under those brands, as well as reallocating and securing incremental shelf-space, and tweaking brand messaging on packaging, and in point of sale and traditional and social media, she said. 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). It dived, as 44 investors sold PEP shares while 778 reduced holdings.