Gabelli Weighs in on PepsiCo, Inc.’s FY2022 Earnings (PEP)

PepsiCo, Inc. (NASDAQ:PEP) – Gabelli issued their FY2022 EPS estimates for PepsiCo in a research report issued to clients and investors on Wednesday. Gabelli analyst D. Witkowski anticipates that the company will earn $7.60 per share for the year.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.01. The company had revenue of $19.53 billion for the quarter, compared to the consensus estimate of $19.40 billion. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the firm earned $1.20 EPS.

PEP has been the topic of a number of other reports. Jefferies Group restated a “hold” rating and set a $113.00 target price on shares of PepsiCo in a research report on Tuesday. Zacks Investment Research upgraded PepsiCo from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Susquehanna Bancshares raised their target price on PepsiCo from $137.00 to $140.00 and gave the company a “positive” rating in a research report on Monday, February 12th. Stifel Nicolaus restated a “hold” rating and set a $120.00 target price on shares of PepsiCo in a research report on Friday, December 22nd. Finally, Royal Bank of Canada restated a “hold” rating on shares of PepsiCo in a research report on Sunday, November 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $123.04.

Shares of PepsiCo (NASDAQ PEP) traded up $0.09 on Thursday, reaching $111.06. The company’s stock had a trading volume of 5,578,438 shares, compared to its average volume of 4,560,000. The firm has a market cap of $157,820.00, a P/E ratio of 21.82, a P/E/G ratio of 2.87 and a beta of 0.62. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.51 and a quick ratio of 1.21. PepsiCo has a 12 month low of $106.19 and a 12 month high of $122.51.

PepsiCo declared that its board has authorized a share buyback program on Tuesday, February 13th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 2nd will be paid a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Thursday, March 1st. PepsiCo’s dividend payout ratio is presently 63.26%.

Institutional investors have recently modified their holdings of the stock. Pinnacle Wealth Planning Services Inc. purchased a new position in PepsiCo in the 4th quarter worth approximately $140,000. Avestar Capital LLC purchased a new position in PepsiCo in the 4th quarter worth approximately $154,000. Rational Advisors LLC purchased a new position in PepsiCo in the 4th quarter worth approximately $168,000. Almanack Investment Partners LLC. lifted its stake in PepsiCo by 48.5% in the 4th quarter. Almanack Investment Partners LLC. now owns 1,452 shares of the company’s stock worth $175,000 after purchasing an additional 474 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in PepsiCo by 233.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the company’s stock worth $180,000 after purchasing an additional 1,050 shares in the last quarter. 70.03% of the stock is currently owned by hedge funds and other institutional investors.

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About PepsiCo

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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