PepsiCo reports 7.6% rise in quarterly profit

Pepsi bottles are on display for sale at a supermarket in Haverhill Mass. Pepsi Co Inc. reports earnings Wednesday Oct. 4 2017

(NYSE:PEP) news were published by: Fool.com which released: "Better Buy: The Coca-Cola Co vs. PepsiCo, Inc." on September 13, 2017, also Seekingalpha.com with their article: "Pepsi Has The Wind At Its Back" published on September 13, 2017, Seekingalpha.com published: "Pepsi: Improving Your Portfolio's Risk/Reward Profile" on October 02, 2017. (NYSE:PEP) to report earnings on October, 4 before the open. This showed a surprise of 7.1% in the last quarter earnings. National Pension Service owned approximately 0.07% of Pepsico worth $119,498,000 as of its most recent filing with the SEC.

A number of institutional investors have recently made changes to their positions in PEP. Asset Planning Services Ltd. lifted its position in shares of Pepsico by 66.1% during the 1st quarter. First Command Financial Services Inc. now owns 6,423 shares of the company's stock valued at $718,000 after acquiring an additional 299 shares during the last quarter. It has a Return on Investment (ROI) of 1.40%. The Gardner Russo & Gardner Llc holds 9.56 million shares with $1.16 billion value, up from 9.53 million last quarter. Trustco State Bank Corp N Y invested 2.71% of its portfolio in PepsiCo, Inc. Pepsico, Inc. (NYSE:PEP) has a 20-Day average volume of 4.43 Million. Hedge funds and other institutional investors own 70.06% of the company's stock.

A number of other analysts have also weighed in on PEP.

Cowen has a Buy rating. Zacks Investment Research lowered Pepsico from a "buy" rating to a "hold" rating in a report on Monday, July 31st. The stock of PepsiCo, Inc. BMO Capital Markets maintained it with "Hold" rating and $12000 target in Tuesday, July 11 report. BMO Capital Markets downgraded shares of Pepsico from an "outperform" rating to a "market perform" rating and boosted their price target for the stock from $118.00 to $120.00 in a report on Wednesday, June 7th. (NYSE:PEP). Schwab Charles Inv Mgmt invested 0.84% in PepsiCo, Inc. (NYSE PEP) traded up 0.92% during trading on Wednesday, reaching $110.13. As of today, the company has a SMA200 (200-day simple moving average) of -2.66 Percent. Pepsico Inc Com now has $156.18 billion valuation. Pepsico also was the target of some unusual options trading on Monday. This represents an increase of approximately 248% compared to the average volume of 1,616 put options.

Pepsico (NYSE:PEP) last announced its quarterly earnings results on Wednesday, September 27th.

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David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and PepsiCo wasn't one of them! The consensus estimates from Thomson Reuters are $1.43 in earnings per share (EPS) and $16.31 billion in revenue. The company has its outstanding shares of 1.43 Billion. Finally, Russell Investments Group Ltd. raised its position in Pepsico by 14.6% in the 1st quarter.

However, PepsiCo raised its profit forecast by 10 cents to $5.23 per share, citing a smaller impact from the dollar. The firm has "Buy" rating given on Friday, September 30 by Jefferies. Shareholders of record on Friday, September 1st were paid a $0.805 dividend. Pepsico's dividend payout ratio is 68.22%. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and worldwide copyright and trademark law.

Pepsico, Inc. (NYSE:PEP) - Research analysts at Jefferies Group cut their Q3 2017 EPS estimates for Pepsico in a note issued to investors on Monday. The stock was sold at an average price of $116.42, for a total value of $39,635,072.58. The transaction related to this sale was declared in a document with the securities and exchange commission, which can be accessed through the Security and Exchange Commission website. Shelter Ins Retirement Plan sold 7,500 shares as the company's stock rose 5.12% with the market. About 4.55M shares traded or 17.88% up from the average. Following the completion of the transaction, the chairman now directly owns 733,315 shares in the company, valued at $85,387,198.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 898,164 shares of company stock valued at $104,585,929.

PepsiCo, Inc is a global food and beverage company. On the beverage front, Pepsi introduced a cinnamon flavor for its signature cola brand, called Pepsi Fire.

Quaker Foods North America grew volume by 1%; Europe and Sub-Saharan Africa was up 6% in food and 2% in beverages; while Asia, the Middle East and North Africa was between 1% and 2% stronger overall.

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