PepsiCo, Inc. (NASDAQ:PEP) Expected to Announce Earnings of $1.08 Per Share

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Analysts expect PepsiCo, Inc. (NASDAQ:PEP) to report $1.08 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for PepsiCo’s earnings. The highest EPS estimate is $1.08 and the lowest is $1.07. PepsiCo reported earnings per share of $0.97 in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.3%. The business is scheduled to report its next earnings report on Wednesday, April 15th.

On average, analysts expect that PepsiCo will report full year earnings of $5.93 per share for the current fiscal year, with EPS estimates ranging from $5.90 to $5.95. For the next fiscal year, analysts expect that the company will report earnings of $6.38 per share, with EPS estimates ranging from $6.35 to $6.41. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for PepsiCo.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.01. PepsiCo had a net margin of 10.89% and a return on equity of 54.81%. The firm had revenue of $20.64 billion during the quarter, compared to analyst estimates of $20.24 billion. During the same quarter in the prior year, the firm posted $1.49 earnings per share. PepsiCo’s quarterly revenue was up 5.7% on a year-over-year basis.

A number of equities research analysts recently issued reports on the stock. Citigroup upped their price objective on shares of PepsiCo from $143.00 to $157.00 and gave the company a “neutral” rating in a report on Friday. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Evercore ISI reissued a “hold” rating on shares of PepsiCo in a report on Sunday, December 15th. BidaskClub raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Saturday, January 25th. Finally, Cfra upped their price objective on shares of PepsiCo from $150.00 to $160.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $137.95.

Shares of PEP opened at $146.99 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. PepsiCo has a 12-month low of $114.11 and a 12-month high of $147.15. The firm has a 50-day moving average price of $140.23 and a 200 day moving average price of $136.19. The firm has a market capitalization of $204.24 billion, a P/E ratio of 26.53, a P/E/G ratio of 3.94 and a beta of 0.53.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be paid a dividend of $0.955 per share. This represents a $3.82 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, March 5th. PepsiCo’s dividend payout ratio (DPR) is presently 69.08%.

A number of hedge funds have recently made changes to their positions in the business. United Asset Strategies Inc. boosted its stake in shares of PepsiCo by 5.6% in the third quarter. United Asset Strategies Inc. now owns 15,266 shares of the company’s stock valued at $2,093,000 after purchasing an additional 816 shares during the period. Commonwealth Equity Services LLC raised its holdings in PepsiCo by 2.4% in the third quarter. Commonwealth Equity Services LLC now owns 677,097 shares of the company’s stock valued at $92,830,000 after acquiring an additional 16,041 shares in the last quarter. Great Lakes Advisors LLC raised its holdings in PepsiCo by 6.8% in the third quarter. Great Lakes Advisors LLC now owns 60,188 shares of the company’s stock valued at $8,252,000 after acquiring an additional 3,843 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in PepsiCo by 5.4% in the fourth quarter. SeaCrest Wealth Management LLC now owns 18,489 shares of the company’s stock valued at $2,527,000 after acquiring an additional 950 shares in the last quarter. Finally, Stillwater Investment Management LLC raised its holdings in PepsiCo by 17.7% in the fourth quarter. Stillwater Investment Management LLC now owns 17,907 shares of the company’s stock valued at $2,447,000 after acquiring an additional 2,688 shares in the last quarter. 71.35% of the stock is owned by institutional investors.

About PepsiCo

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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Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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