Wall Street analysts expect Pepsico, Inc. (NASDAQ:PEP) to post $19.44 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Pepsico’s earnings. The highest sales estimate is $19.60 billion and the lowest is $19.35 billion. Pepsico reported sales of $19.52 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.4%. The company is expected to issue its next quarterly earnings results before the market opens on Tuesday, February 13th.
According to Zacks, analysts expect that Pepsico will report full year sales of $19.44 billion for the current financial year, with estimates ranging from $63.05 billion to $63.60 billion. For the next financial year, analysts anticipate that the firm will post sales of $65.40 billion per share, with estimates ranging from $64.34 billion to $65.70 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Pepsico.
Several equities analysts have recently weighed in on the company. BidaskClub cut Pepsico from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Cowen reiterated a “buy” rating and set a $133.00 price objective on shares of Pepsico in a report on Tuesday, January 9th. Jefferies Group reiterated a “hold” rating and set a $113.00 price objective on shares of Pepsico in a report on Thursday, January 4th. Wells Fargo & Co lifted their price objective on Pepsico from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, January 4th. Finally, Zacks Investment Research cut Pepsico from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $123.18.
Pepsico (NASDAQ PEP) traded down $0.13 during trading hours on Friday, hitting $119.05. The stock had a trading volume of 6,221,700 shares, compared to its average volume of 4,304,342. Pepsico has a fifty-two week low of $102.17 and a fifty-two week high of $120.57. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21. The company has a market cap of $169,310.00, a PE ratio of 24.60, a PEG ratio of 3.07 and a beta of 0.68.
The business also recently declared a quarterly dividend, which was paid on Monday, January 8th. Shareholders of record on Friday, December 1st were given a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, November 30th. Pepsico’s dividend payout ratio (DPR) is 66.53%.
Large investors have recently bought and sold shares of the business. Rockland Trust Co. increased its position in shares of Pepsico by 2.7% during the 4th quarter. Rockland Trust Co. now owns 145,893 shares of the company’s stock worth $17,495,000 after purchasing an additional 3,876 shares during the last quarter. LGT Capital Partners LTD. increased its position in shares of Pepsico by 2.2% during the 4th quarter. LGT Capital Partners LTD. now owns 177,753 shares of the company’s stock worth $21,316,000 after purchasing an additional 3,780 shares during the last quarter. First American Trust FSB increased its position in shares of Pepsico by 12.3% during the 4th quarter. First American Trust FSB now owns 70,784 shares of the company’s stock worth $8,489,000 after purchasing an additional 7,766 shares during the last quarter. Windward Capital Management Co. CA increased its position in shares of Pepsico by 2.7% during the 4th quarter. Windward Capital Management Co. CA now owns 129,819 shares of the company’s stock worth $15,568,000 after purchasing an additional 3,471 shares during the last quarter. Finally, Patriot Wealth Management Inc. increased its position in shares of Pepsico by 1.5% during the 4th quarter. Patriot Wealth Management Inc. now owns 41,517 shares of the company’s stock worth $4,979,000 after purchasing an additional 610 shares during the last quarter. 70.24% of the stock is currently owned by hedge funds and other institutional investors.
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Pepsico Company Profile
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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