Brokerages expect PepsiCo, Inc. (NASDAQ:PEP) to report earnings per share of $1.46 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for PepsiCo’s earnings, with the lowest EPS estimate coming in at $1.44 and the highest estimate coming in at $1.51. PepsiCo reported earnings per share of $1.45 during the same quarter last year, which indicates a positive year-over-year growth rate of 0.7%. The company is expected to issue its next earnings results on Thursday, February 11th.
According to Zacks, analysts expect that PepsiCo will report full year earnings of $5.43 per share for the current fiscal year, with EPS estimates ranging from $5.22 to $5.51. For the next financial year, analysts forecast that the business will post earnings of $5.94 per share, with EPS estimates ranging from $5.60 to $6.20. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow PepsiCo.
PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, October 1st. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.17. The firm had revenue of $18.09 billion for the quarter, compared to analysts’ expectations of $17.24 billion. PepsiCo had a net margin of 10.13% and a return on equity of 54.77%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.56 earnings per share.
A number of analysts have weighed in on the stock. BidaskClub raised shares of PepsiCo from a “sell” rating to a “hold” rating in a research note on Saturday, September 26th. Zacks Investment Research lowered shares of PepsiCo from a “hold” rating to a “sell” rating and set a $140.00 price target on the stock. in a report on Friday, September 18th. Morgan Stanley lifted their price target on shares of PepsiCo from $155.00 to $158.00 and gave the stock an “overweight” rating in a report on Friday. Truist lifted their price target on shares of PepsiCo from $130.00 to $135.00 in a report on Friday. Finally, UBS Group lifted their price target on shares of PepsiCo from $140.00 to $146.00 in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. PepsiCo currently has an average rating of “Buy” and an average target price of $142.89.
Shares of NASDAQ PEP traded down $2.74 during midday trading on Monday, reaching $138.06. 5,115,892 shares of the company were exchanged, compared to its average volume of 5,480,959. The stock’s 50-day moving average price is $136.60 and its 200-day moving average price is $132.46. The stock has a market cap of $191.16 billion, a P/E ratio of 28.23, a PEG ratio of 4.53 and a beta of 0.56. PepsiCo has a one year low of $101.42 and a one year high of $147.20. The company has a quick ratio of 0.79, a current ratio of 0.97 and a debt-to-equity ratio of 3.05.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th were paid a $1.0225 dividend. This represents a $4.09 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date was Thursday, September 3rd. PepsiCo’s payout ratio is 73.96%.
In other news, CEO Ramon Laguarta sold 13,109 shares of the stock in a transaction on Friday, July 17th. The shares were sold at an average price of $134.86, for a total value of $1,767,879.74. Following the transaction, the chief executive officer now owns 281,972 shares of the company’s stock, valued at approximately $38,026,743.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Marie T. Gallagher sold 3,335 shares of the stock in a transaction on Thursday, July 16th. The stock was sold at an average price of $133.32, for a total transaction of $444,622.20. Following the completion of the transaction, the senior vice president now directly owns 54,029 shares in the company, valued at approximately $7,203,146.28. The disclosure for this sale can be found here. Insiders have sold a total of 26,655 shares of company stock worth $3,591,883 over the last 90 days. 0.13% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV bought a new position in shares of PepsiCo during the 2nd quarter valued at $26,000. Evolution Wealth Advisors LLC grew its holdings in shares of PepsiCo by 342.2% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $37,000 after purchasing an additional 219 shares during the last quarter. RPG Investment Advisory LLC grew its holdings in shares of PepsiCo by 191.0% during the 2nd quarter. RPG Investment Advisory LLC now owns 291 shares of the company’s stock valued at $38,000 after purchasing an additional 191 shares during the last quarter. Marquette Asset Management LLC bought a new position in shares of PepsiCo during the 2nd quarter valued at $40,000. Finally, Ellevest Inc. grew its holdings in shares of PepsiCo by 144.7% during the 2nd quarter. Ellevest Inc. now owns 367 shares of the company’s stock valued at $49,000 after purchasing an additional 217 shares during the last quarter. 70.16% of the stock is currently owned by institutional investors.
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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