PepsiCo (NYSE:PEP) Profit Outshine Wall Street Forecasts; Guidance in Line with Goals

PepsiCo, Inc (NYSE:PEP), the maker of Gatorade sports drinks and Quaker oatmeal, announced a higher-than-forecasted fiscal Q4 profit on Thursday, assisted by boost in sales volume and prices, and offered a 2013 guidance consistent with its ongoing turnaround scheme.

The world’s second biggest soft drink maker estimate 2013 earnings, without any impact from currency, to hike 7% from the $4.10 a share.

Net income in the recently finished Q4 was $1.66 billion or $1.06 a share, high from $1.42 billion or 89 cents a share in previous year.

Earnings were $1.09 a share without special items. Thomson Reuters analysts on average forecasted $1.05 a share. Net revenue tumbled 1% to $19.95 billion.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Reed’s, Inc. (NYSE:REED) rose +0.17% to settle at $5.34, Coca-Cola Enterprises Inc (NYSE:CCE) moved up +1.58% to end at $35.92 while Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF) jumped +0.78% to finish at $158.76 on Thursday.

PepsiCo, Inc. (NYSE:PEP) on Feb 14, 2013 increased 1.09% to the closing price of $72.28. The overall volume in the last trading session was 8.16 million shares. Its fifty two weeks range was $62.15 – $73.66. The total market capitalization remained at $111.81 million.

PEP is ahead of its 52-week low with 19.63% and lagging behind from its 52-week high price with -1.61%. PEP’s last month’s stock price volatility remained 0.84%. In its share capital PEP has 1.55 billion outstanding shares, among them 1.54 billion shares have been floated in market exchange. PEP’s stock’s institutional ownership remained 69.29% while insider ownership included 0.03%.

The stock price of PEP is moving down from its 20 days moving average with -0.25% and remote positively from 50 days moving average with 1.95%. PEP’s current year’s earnings per share experienced an addition with 3.03% while its current quarter performance remained at 6.22%. Company’s beta coefficient included 0.47. Beta factors measure the amount of market risk associated with market trade.

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