Equities analysts expect PepsiCo, Inc. (NASDAQ:PEP) to post earnings of $1.52 per share for the current quarter, according to Zacks. Five analysts have made estimates for PepsiCo’s earnings. The lowest EPS estimate is $1.47 and the highest is $1.60. PepsiCo reported earnings of $1.61 per share during the same quarter last year, which would indicate a negative year over year growth rate of 5.6%. The firm is expected to report its next earnings report on Tuesday, July 9th.
According to Zacks, analysts expect that PepsiCo will report full-year earnings of $5.51 per share for the current financial year, with EPS estimates ranging from $5.49 to $5.55. For the next year, analysts expect that the firm will post earnings of $5.94 per share, with EPS estimates ranging from $5.90 to $6.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover PepsiCo.
PepsiCo (NASDAQ:PEP) last issued its earnings results on Wednesday, April 17th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.92 by $0.05. The firm had revenue of $12.88 billion during the quarter, compared to analysts’ expectations of $12.68 billion. PepsiCo had a return on equity of 65.12% and a net margin of 19.37%. PepsiCo’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business earned $0.96 earnings per share.
Several research analysts recently commented on PEP shares. Gabelli reaffirmed a “buy” rating on shares of PepsiCo in a research report on Tuesday, February 19th. BidaskClub lowered PepsiCo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 9th. Argus reiterated a “buy” rating on shares of PepsiCo in a research note on Thursday. Bank of America increased their price objective on PepsiCo from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, ValuEngine lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $123.00.
PEP stock traded down $0.59 during midday trading on Monday, hitting $126.50. The stock had a trading volume of 1,286,543 shares, compared to its average volume of 4,500,744. The stock has a market cap of $178.33 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 3.12 and a beta of 0.65. PepsiCo has a 52 week low of $95.94 and a 52 week high of $128.26. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.85.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid a $0.9275 dividend. The ex-dividend date was Thursday, February 28th. This represents a $3.71 dividend on an annualized basis and a dividend yield of 2.93%. PepsiCo’s dividend payout ratio (DPR) is presently 65.55%.
In other news, CEO Vivek Sankaran sold 13,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $117.28, for a total value of $1,524,640.00. Following the completion of the sale, the chief executive officer now directly owns 90,379 shares in the company, valued at $10,599,649.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.28% of the company’s stock.
Several large investors have recently made changes to their positions in PEP. Oregon Public Employees Retirement Fund boosted its holdings in PepsiCo by 10,622.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,704,199 shares of the company’s stock worth $314,000 after buying an additional 34,380,553 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of PepsiCo by 3,272,537.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,930,365 shares of the company’s stock valued at $2,228,213,000 after purchasing an additional 19,929,756 shares in the last quarter. Norges Bank bought a new stake in shares of PepsiCo during the 4th quarter valued at about $1,565,004,000. Matthew Goff Investment Advisor LLC boosted its position in shares of PepsiCo by 10,787.1% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 4,492,767 shares of the company’s stock valued at $41,267,000 after purchasing an additional 4,451,500 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of PepsiCo by 2.4% during the 4th quarter. BlackRock Inc. now owns 97,102,071 shares of the company’s stock valued at $10,727,836,000 after purchasing an additional 2,275,511 shares in the last quarter. Institutional investors own 72.30% of the company’s stock.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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