Brokers Offer Predictions for PepsiCo, Inc.’s Q1 2018 Earnings (PEP)

PepsiCo, Inc. (NASDAQ:PEP) – Stock analysts at Jefferies Group issued their Q1 2018 EPS estimates for shares of PepsiCo in a research report issued on Tuesday. Jefferies Group analyst K. Grundy expects that the company will post earnings of $0.97 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $113.00 price objective on the stock. Jefferies Group also issued estimates for PepsiCo’s Q2 2018 earnings at $1.59 EPS, Q3 2018 earnings at $1.68 EPS, Q4 2018 earnings at $1.50 EPS, FY2018 earnings at $5.73 EPS, FY2019 earnings at $6.11 EPS and FY2020 earnings at $6.53 EPS.

Other analysts also recently issued reports about the company. Deutsche Bank started coverage on PepsiCo in a research report on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price objective on the stock. Zacks Investment Research upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a research report on Tuesday, October 31st. Cowen restated a “buy” rating and issued a $133.00 price objective on shares of PepsiCo in a research report on Tuesday, January 9th. SunTrust Banks started coverage on PepsiCo in a research report on Monday, January 29th. They issued a “hold” rating and a $125.00 price objective on the stock. Finally, BidaskClub downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $123.04.

Shares of PepsiCo (NASDAQ PEP) opened at $110.97 on Thursday. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.51 and a quick ratio of 1.21. PepsiCo has a 12-month low of $106.19 and a 12-month high of $122.51. The stock has a market capitalization of $157,820.00, a price-to-earnings ratio of 21.80, a PEG ratio of 2.93 and a beta of 0.62.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.01. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. The company had revenue of $19.53 billion for the quarter, compared to the consensus estimate of $19.40 billion. During the same period in the previous year, the business earned $1.20 earnings per share. PepsiCo’s quarterly revenue was up .1% compared to the same quarter last year.

PepsiCo announced that its board has approved a stock repurchase plan on Tuesday, February 13th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 2nd will be issued a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, March 1st. PepsiCo’s dividend payout ratio is currently 63.26%.

A number of institutional investors and hedge funds have recently modified their holdings of PEP. Tompkins Financial Corp lifted its holdings in shares of PepsiCo by 1.2% in the 4th quarter. Tompkins Financial Corp now owns 34,634 shares of the company’s stock worth $4,153,000 after purchasing an additional 421 shares during the last quarter. Courier Capital LLC lifted its holdings in shares of PepsiCo by 0.6% in the 4th quarter. Courier Capital LLC now owns 72,638 shares of the company’s stock worth $8,711,000 after purchasing an additional 430 shares during the last quarter. Bremer Trust National Association lifted its holdings in shares of PepsiCo by 6.9% in the 4th quarter. Bremer Trust National Association now owns 6,763 shares of the company’s stock worth $811,000 after purchasing an additional 435 shares during the last quarter. Perkins Coie Trust Co lifted its holdings in shares of PepsiCo by 1.5% in the 4th quarter. Perkins Coie Trust Co now owns 29,180 shares of the company’s stock worth $3,499,000 after purchasing an additional 435 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC lifted its holdings in shares of PepsiCo by 2.7% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 17,363 shares of the company’s stock worth $2,082,000 after purchasing an additional 450 shares during the last quarter. 70.03% of the stock is 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).

Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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