PepsiCo (PEP) reported quarterly earnings results on Thursday, Jul-7-2016. The company said it had a profit of $1.35 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $1.30. The company posted revenue of $15395.00 million in the period, compared to analysts expectations of $15404.54 million. The company’s revenue was down -3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS.
Many Wall Street Analysts have commented on PepsiCo. Company shares were Reiterated by UBS on Apr 19, 2016 to “Buy”, Firm has raised the Price Target to $ 114 from a previous price target of $113 .PepsiCo was Downgraded by Stifel to ” Hold” on Apr 14, 2016.
PepsiCo opened for trading at $105.67 and hit $106.98 on the upside on Tuesday, eventually ending the session at $106.42, with a gain of 0.75% or 0.79 points. The heightened volatility saw the trading volume jump to 53,65,187 shares. Company has a market cap of $153,715 M.
In a different news, on May 4, 2016, Indra K Nooyi (Chairman and CEO) sold 304,220 shares at $103.31 per share price. According to the SEC, on Apr 22, 2016, Cynthia Trudell (EVP, HR & Chief HR Officer) sold 8,000 shares at $104.23 per share price. On Oct 16, 2015, Daniel Vasella (director) sold 2,349 shares at $98.06 per share price, according to the Form-4 filing with the securities and exchange commission.
PepsiCo Inc. (PepsiCo) is a global food and beverage company. The Company operates through six segments: Frito-Lay North America (FLNA) Quaker Foods North America (QFNA) Latin America Foods (LAF) which includes its food and snack businesses in Latin America; PepsiCo Americas Beverages (PAB) which includes its North American and Latin American beverage businesses; PepsiCo Europe (Europe) which includes beverage food and snack businesses in Europe and South Africa and PepsiCo Asia Middle East and Africa (AMEA) which includes beverage food and snack businesses in AMEA excluding South Africa. Through its operations bottlers contract manufacturers and other third-parties the Company manufactures markets distributes and sells a variety of beverages foods and snacks serving customers and consumers in more than 200 countries and territories.