Headlines about PepsiCo (NASDAQ:PEP) have trended somewhat positive on Monday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PepsiCo earned a news impact score of 0.23 on Accern’s scale. Accern also gave news articles about the company an impact score of 47.1708208530283 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- The Zacks Analyst Blog Highlights: Berkshire Hathaway, PepsiCo, Broadcom, Sirius and Dr Pepper (finance.yahoo.com)
- Greenpeace says brands refusing to reveal palm oil sources (marketbeat.com)
- PepsiCo (PEP) versus Its Peers Critical Survey (americanbankingnews.com)
- BRIEF-Pepsico Says CEO Indra Nooyi’s Total Compensation For 2017 Was $31.1 Mln V/s $29.8 Mln In 2016 (reuters.com)
- Pepsi CEO makes 650 times the typical worker (finance.yahoo.com)
PepsiCo stock traded down $1.28 during midday trading on Monday, reaching $110.36. The company’s stock had a trading volume of 4,189,912 shares, compared to its average volume of 4,668,686. The firm has a market cap of $158,518.53, a P/E ratio of 32.75, a P/E/G ratio of 2.64 and a beta of 0.69. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.37 and a current ratio of 1.51. PepsiCo has a 52 week low of $106.19 and a 52 week high of $122.51.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 2nd will be paid a $0.805 dividend. This represents a $3.22 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Thursday, March 1st. PepsiCo’s payout ratio is presently 95.55%.
PepsiCo declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 13th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
A number of research analysts have weighed in on PEP shares. Cowen restated a “buy” rating and issued a $133.00 price objective on shares of PepsiCo in a report on Tuesday, January 9th. Zacks Investment Research upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a report on Monday, December 4th. Deutsche Bank initiated coverage on PepsiCo in a research note on Wednesday, December 13th. They issued a “buy” rating and a $132.00 target price for the company. TheStreet downgraded PepsiCo from a “b-” rating to a “c+” rating in a research note on Thursday, March 1st. Finally, SunTrust Banks initiated coverage on PepsiCo in a research note on Monday, January 29th. They issued a “hold” rating and a $125.00 target price for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $123.04.
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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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