Pepsico, Inc. (NYSE:PEP) registered a -0.63% decrease, still its new closing price is 11.48% up from the company’s 1 year high of 109.35.It posted 0.23% gains in previous 5 sessions and is now the subject of 7 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 6 buy or better ratings. The 21 stock analysts following this company have an average price target at $115.25, with individual PT in the $102.00-$120.00 range. The shares moved at $103.48, implying that brokerage firms see shares gaining about 9.31% in twelve months time.
Pepsico, Inc. (PEP) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -1.10% fall year to date. A Vice Chair,EVP,CSO,Global R&D at Pepsico, Inc. (PEP) offloaded shares in a transaction closed on Thursday July 28, 2016. Khan Mehmood sold 51,137 shares in the company at $107.3 each and collected $5,487,000 in proceeds. Khan Mehmood now owns 113,512 shares in the company after this transaction. A CEO, Latin America in the company, Narasimhan Laxman, disclosed a transaction on Wednesday July 13, 2016 that ended up generating $351,000 from the sale of 3,219 shares at $109.11 per share.
Pepsico, Inc. (NYSE:PEP) Upcoming Results on Tap
Pepsico, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $1.47 in that period. Sales during the quarter are predicted to arrive at $12.27 billion.
Earnings surprise history: Last quarter, the company posted approximately $16.03 billion in revenue and EPS of $1.40. The mean forecast was for $15.83 billion and $1.32 a share, respectively. One quarter earlier, revenue for the stock was at $15.4 billion, with earnings at $1.35/share.
Pepsico, Inc. (PEP) Brokerage Update
Pepsico, Inc. (PEP) is in Societe Generale’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Hold by Societe Generale, according to news reported on Monday December 12, 2016.Another important research note was issued by Stifel on Thursday April 14, 2016.The firm downgraded PEP to Hold from Buy. Over the last six months and over the last three months, the shares of Pepsico, Inc. (PEP), have changed -2.91% and -2.64%, respectively.