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PEP

PepsiCo

$111.93

0.75 (0.67%)

06:08
02/13/18
02/13
06:08
02/13/18
06:08

PepsiCo sees FY18 core EPS $5.70, consensus $5.67

For 2018, the Company expects: Full-year organic revenue growth to be at least in line with the 2017 growth rate. Based on current market consensus rates, foreign exchange translation to have a neutral impact on revenue and earnings per share. A core effective tax rate in the "low 20s," reflecting benefits of the TCJ Act. The benefit of the TCJ Act to be substantially reinvested in initiatives to benefit the Company's U.S.-based front line workforce and to otherwise increase the Company's capabilities. Core earnings per share of $5.70, a 9 percent increase compared to 2017 core earnings per share of $5.23. Approximately $9 billion in cash from operating activities and free cash flow of approximately $6 billion, which assumes net capital spending of approximately $3.6 billion and a discretionary pension contribution of $1.4 billion. Total cash returns to shareholders of approximately $7 billion.

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PEP PepsiCo
$111.93

0.75 (0.67%)

01/29/18
RHCO
01/29/18
INITIATION
Target $125
RHCO
Hold
PepsiCo initiated with a Hold at SunTrust
SunTrust initiated PepsiCo with a Hold and $125 price target.
01/29/18
RHCO
01/29/18
INITIATION
Target $125
RHCO
Hold
PepsiCo initiated with a Hold at SunTrust
As reported earlier, SunTrust analyst William Chappell initiated PepsiCo (PEP) with a Hold rating and a price target of $125. Chappell contends that after 5 years of price and promotion with Coca-Cola (KO), the companies' next phase will likely see "price increases or at least less promotional activity" on some beverage items. The analyst also notes that the investor concerns about the snacking category are overblown, pointing some recovery in Q4, while the positive FX, emerging markets, and tax reform dynamics create more tailwinds.
01/29/18
01/29/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. PepsiCo (PEP) initiated with a Hold at SunTrust. 2. Synlogic (SYBX) initiated with an Overweight at Piper Jaffray. 3. Centennial Resource Development (CDEV) initiated with a Buy at Guggenheim. 4. Zynerba (ZYNE) initiated with a Buy at Ladenburg. 5. Radius Health (RDUS) initiated with an Overweight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/30/18
BERN
01/30/18
NO CHANGE
Target $124
BERN
Market Perform
Dr Pepper Snapple price target raised to $124 from $92 at Bernstein
Bernstein analyst Ali Dibadj raised his price target for Dr Pepper Snapple to $124 from $92 after the company and Keurig Green Mountain announced a definitive merger agreement to create public company Keurig Dr Pepper. While the analyst views this merger as good for Dr Pepper Snapple shareholders, there are unanswered questions about the prospects as a combined entity, with revenue synergies remaining unclear, synergy targets appearing stretched, and the Coca-Cola (KO)/PepsiCo (PEP) distribution partnership remaining a risk. Dibadj reiterates a Market Perform rating on Dr Pepper Snapple's shares.

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BHP

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MRVL

Marvell

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MRVL

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SCI

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-0.2 (-0.51%)

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WMT

Walmart

$95.22

-9.56 (-9.12%)

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WMT

Walmart

$95.23

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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VALE

Vale

$14.23

0.105 (0.74%)

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EFII

Electronics for Imaging

$28.11

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BHP

BHP Billiton

$46.89

-1.8 (-3.70%)

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MYL

Mylan

$41.63

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SYNT

Syntel

$26.87

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HSIC

Henry Schein

$69.52

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GPS

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HSIC

Henry Schein

$69.52

1.14 (1.67%)

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  • 20

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OZM

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$2.56

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DBVT

DBV Technologies

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KEYW

KEYW

$7.51

0.01 (0.13%)

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