$1.49 Earnings Per Share Expected for PepsiCo, Inc. (PEP) This Quarter

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Brokerages predict that PepsiCo, Inc. (NASDAQ:PEP) will report earnings of $1.49 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for PepsiCo’s earnings. The highest EPS estimate is $1.50 and the lowest is $1.48. PepsiCo reported earnings of $1.31 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.7%. The business is scheduled to issue its next earnings report before the market opens on Friday, February 15th.

According to Zacks, analysts expect that PepsiCo will report full-year earnings of $5.65 per share for the current fiscal year, with EPS estimates ranging from $5.65 to $5.66. For the next year, analysts expect that the firm will post earnings of $5.96 per share, with EPS estimates ranging from $5.86 to $6.06. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow PepsiCo.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, October 2nd. The company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.02. The business had revenue of $16.49 billion for the quarter, compared to analysts’ expectations of $16.38 billion. PepsiCo had a return on equity of 73.27% and a net margin of 7.66%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.48 EPS.

A number of analysts have recently commented on the company. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. BMO Capital Markets dropped their price target on PepsiCo from $110.00 to $109.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 3rd. Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research report on Tuesday, September 11th. Macquarie cut PepsiCo from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $122.00 to $107.00 in a research report on Friday, October 5th. Finally, Susquehanna Bancshares dropped their price target on PepsiCo from $136.00 to $135.00 and set a “positive” rating on the stock in a research report on Friday, September 28th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $117.89.

PepsiCo stock opened at $115.82 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 2.95. The company has a market cap of $164.93 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 2.92 and a beta of 0.60. PepsiCo has a fifty-two week low of $95.94 and a fifty-two week high of $122.51.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 7th will be issued a $0.9275 dividend. The ex-dividend date is Thursday, December 6th. This represents a $3.71 dividend on an annualized basis and a yield of 3.20%. PepsiCo’s payout ratio is currently 70.94%.

In related news, CEO Laxman Narasimhan sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $106.79, for a total value of $587,345.00. Following the completion of the transaction, the chief executive officer now directly owns 130,135 shares in the company, valued at approximately $13,897,116.65. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mehmood Khan sold 168,295 shares of the business’s stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $110.12, for a total transaction of $18,532,645.40. Following the completion of the transaction, the executive vice president now owns 173,702 shares of the company’s stock, valued at $19,128,064.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 205,893 shares of company stock valued at $22,663,157. 0.27% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mainstay Capital Management LLC ADV raised its stake in PepsiCo by 10,787.0% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 10,887 shares of the company’s stock valued at $100,000 after buying an additional 10,787 shares during the last quarter. Prime Capital Investment Advisors LLC raised its stake in PepsiCo by 351.5% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 903 shares of the company’s stock valued at $101,000 after buying an additional 703 shares during the last quarter. WP Advisors LLC purchased a new stake in shares of PepsiCo in the 2nd quarter worth $118,000. WealthTrust Arizona LLC increased its stake in shares of PepsiCo by 268.7% in the 3rd quarter. WealthTrust Arizona LLC now owns 1,106 shares of the company’s stock worth $124,000 after purchasing an additional 806 shares in the last quarter. Finally, Fort L.P. purchased a new stake in shares of PepsiCo in the 2nd quarter worth $125,000. Institutional investors own 70.58% of the company’s stock.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's 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 brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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