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MarketScreener Homepage  >  Equities  >  Nasdaq  >  PepsiCo, Inc.    PEP

PEPSICO, INC.

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Pepsi Tops Quarterly Sales Expectations

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02/13/2020 | 08:22am EDT

By Dave Sebastian

PepsiCo Inc. posted higher sales for the fourth quarter, beating analysts' expectations, as its namesake beverage and snacks drove gains along with sales in international markets.

The food-and-beverage company said sales rose 5.7% to $20.64 billion for the quarter ended Dec. 28, 2019, from the prior year. Analysts polled by FactSet were looking for $20.25 billion.

Shares rose 0.2% in premarket trading.

The company's organic revenue grew 4.3% for the latest period and said it anticipates the metric, which strips out the effect of currency swings and acquisitions, to grow 4% in 2020.

Revenue at its North American beverage division, the company's biggest contributor, rose 4%. Pepsi has said it is putting out a new beverage that combines cola and coffee called Pepsi Café in the U.S. in April.

In its Frito-Lay North America division, which produces potato chips and other snacks, sales rose 3%.

Latin America sales rose 5%, Europe sales rose 15% and sales in the Asia-Pacific, Australia, New Zealand and China region rose 8%. In Africa, the Middle East and South Asia, sales rose 3%.

Net income fell to $1.77 billion, or $1.26 a share, from $6.85 billion, or $4.83 a share, in the comparable quarter last year. The company booked $4.93 billion in income-tax benefit in the same period last year.

Adjusted earnings were $1.45 a share, ahead of the $1.44 a share analysts were looking for. The company expects adjusted per-share earnings to grow 7% in 2020.

Pepsi also said it has increased its annual dividend to $4.09 a share from $3.82 a share, payable in June.

Write to Dave Sebastian at dave.sebastian@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES AFRICA TITANS 50 INDEX -2.41% 356.59 Delayed Quote.-33.53%
PEPSICO, INC. 0.17% 120.46 Delayed Quote.-11.86%
S&P AFRICA 40 INDEX -5.34% 104.6 Delayed Quote.-36.04%
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Financials (USD)
Sales 2020 69 044 M
EBIT 2020 11 062 M
Net income 2020 8 047 M
Debt 2020 29 338 M
Yield 2020 3,33%
P/E ratio 2020 21,2x
P/E ratio 2021 19,3x
EV / Sales2020 2,85x
EV / Sales2021 2,73x
Capitalization 167 B
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 143,25  $
Last Close Price 120,46  $
Spread / Highest target 36,1%
Spread / Average Target 18,9%
Spread / Lowest Target -4,53%
EPS Revisions
Managers
NameTitle
Ramon Luis Laguarta Chairman & Chief Executive Officer
Hugh F. Johnston Vice Chairman, Chief Financial Officer & EVP
Rene Lammers Chief Science Officer
Seth Cohen Chief Information Officer & Senior Vice President
Daniel Lucius Vasella Independent Director
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