PepsiCo Inc (PEP) released its first quarter results on Thursday, April 15, 2021. The company reported net earnings of $1.24 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 29 percent compared to the same period a year ago.
The company was founded in 1898 and is headquartered in Purchase, New York. PepsiCo, Inc. operates as a food and beverage company worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.
PepsiCo's revenue increased 5 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to nan% for the first quarter compared to the same period in the previous year, and operating margins increased to 15.83% over the same period. Net earnings for past trailing twelve months were $nan million, down nan% from the prior year.
Moving on to the balance sheet, PepsiCo’s cash levels dropped 49% for the third quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 15.03% this past year. The current ratio for PepsiCo now stands at 0.93. The company decreased share outstanding by 0.5%.
Shares of PEP are currently trading around $142.31. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 26.38 and price to book ratio of 14.15.
_____
This article was written by Value Investing News (https://www.valueinvestingnews.com) on Friday, April 16, 2021.