Analysts predict that PepsiCo, Inc. (NASDAQ:PEP) will post $21.04 billion in sales for the current quarter, according to Zacks. Four analysts have provided estimates for PepsiCo’s earnings, with estimates ranging from $20.57 billion to $21.61 billion. PepsiCo posted sales of $20.64 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 1.9%. The business is scheduled to issue its next earnings results on Thursday, February 11th.
On average, analysts expect that PepsiCo will report full year sales of $68.31 billion for the current financial year, with estimates ranging from $67.45 billion to $68.98 billion. For the next fiscal year, analysts forecast that the company will report sales of $71.96 billion, with estimates ranging from $69.08 billion to $73.71 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for PepsiCo.
PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, October 1st. The company reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.17. PepsiCo had a net margin of 10.13% and a return on equity of 54.77%. The company had revenue of $18.09 billion for the quarter, compared to analysts’ expectations of $17.24 billion. During the same period last year, the firm earned $1.56 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis.
Several equities research analysts have weighed in on the stock. Jefferies Financial Group lifted their price target on shares of PepsiCo from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Thursday, July 9th. SunTrust Banks boosted their target price on shares of PepsiCo from $125.00 to $130.00 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. UBS Group boosted their target price on shares of PepsiCo from $140.00 to $146.00 in a research report on Friday. Truist boosted their target price on shares of PepsiCo from $130.00 to $135.00 in a research report on Friday. Finally, Zacks Investment Research downgraded shares of PepsiCo from a “hold” rating to a “sell” rating and set a $140.00 target price for the company. in a research report on Friday, September 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $142.89.
PEP traded down $2.74 during midday trading on Wednesday, hitting $138.06. The company had a trading volume of 5,115,892 shares, compared to its average volume of 5,480,959. PepsiCo has a 52 week low of $101.42 and a 52 week 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 company has a market capitalization of $191.16 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 4.53 and a beta of 0.56. The stock’s 50 day moving average price is $136.60 and its 200 day moving average price is $132.46.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 4th were issued a dividend of $1.0225 per share. 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 dividend payout ratio (DPR) is presently 73.96%.
In related news, CEO Ramon Laguarta sold 13,109 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $134.86, for a total transaction of $1,767,879.74. Following the sale, the chief executive officer now owns 281,972 shares of the company’s stock, valued at approximately $38,026,743.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 in the last ninety days. 0.13% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of PEP. Creative Financial Designs Inc. ADV purchased a new stake in shares of PepsiCo in the 2nd quarter valued at $26,000. Evolution Wealth Advisors LLC boosted its stake in shares of PepsiCo by 342.2% in 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 in the last quarter. RPG Investment Advisory LLC boosted its stake in shares of PepsiCo by 191.0% in 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 in the last quarter. Marquette Asset Management LLC purchased a new stake in shares of PepsiCo in the 2nd quarter valued at $40,000. Finally, Ellevest Inc. boosted its stake in shares of PepsiCo by 144.7% in the 2nd quarter. Ellevest Inc. now owns 367 shares of the company’s stock valued at $49,000 after purchasing an additional 217 shares in the last quarter. 70.16% of the stock is currently owned by hedge funds and other 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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