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 issued its quarterly earnings data on Thursday, October 1st. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.17. The business 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 business’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $1.56 EPS.
A number of equities research analysts recently issued reports on the stock. Truist lifted their price target on shares of PepsiCo from $130.00 to $135.00 in a research note on Friday. 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. UBS Group lifted their price target on shares of PepsiCo from $140.00 to $146.00 in a research note on Friday. SunTrust Banks lifted their price target on shares of PepsiCo from $125.00 to $130.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. Finally, BidaskClub raised shares of PepsiCo from a “sell” rating to a “hold” rating in a research note on Saturday, September 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $142.89.
In other news, CEO Ramon Laguarta sold 13,109 shares of PepsiCo stock in a transaction on Friday, July 17th. The stock was sold at an average price of $134.86, for a total transaction of $1,767,879.74. Following the transaction, the chief executive officer now owns 281,972 shares in the company, valued at approximately $38,026,743.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Steven C. Williams sold 2,600 shares of PepsiCo stock in a transaction on Wednesday, July 15th. The stock was sold at an average price of $134.32, for a total value of $349,232.00. Following the transaction, the chief executive officer now owns 67,718 shares in the company, valued at approximately $9,095,881.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,655 shares of company stock worth $3,591,883. Insiders own 0.13% of the company’s stock.
Several large investors have recently modified their holdings of PEP. Vanguard Group Inc. lifted its stake in PepsiCo by 6.0% during the second quarter. Vanguard Group Inc. now owns 124,559,499 shares of the company’s stock worth $16,474,240,000 after purchasing an additional 7,075,509 shares during the last quarter. State Street Corp lifted its stake in PepsiCo by 0.4% during the first quarter. State Street Corp now owns 66,071,399 shares of the company’s stock worth $7,935,175,000 after purchasing an additional 291,943 shares during the last quarter. Geode Capital Management LLC lifted its stake in PepsiCo by 0.9% in the first quarter. Geode Capital Management LLC now owns 20,644,181 shares of the company’s stock valued at $2,474,489,000 after buying an additional 185,460 shares during the last quarter. Franklin Resources Inc. lifted its stake in PepsiCo by 13.2% in the first quarter. Franklin Resources Inc. now owns 11,136,832 shares of the company’s stock valued at $1,337,534,000 after buying an additional 1,298,838 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in PepsiCo by 4.7% in the second quarter. California Public Employees Retirement System now owns 9,598,484 shares of the company’s stock valued at $1,269,495,000 after buying an additional 430,695 shares during the last quarter. 70.16% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ PEP traded down $2.74 during midday trading on Wednesday, reaching $138.06. 5,115,892 shares of the stock were exchanged, compared to its average volume of 5,480,959. The firm has a 50-day simple moving average of $136.60 and a two-hundred day simple moving average of $132.46. PepsiCo has a twelve month low of $101.42 and a twelve month high of $147.20. The firm has a market cap 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 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 declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th were issued a dividend of $1.0225 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $4.09 annualized dividend and a dividend yield of 2.96%. PepsiCo’s dividend payout ratio is presently 73.96%.
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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