PepsiCo, Inc. (NASDAQ:PEP) Expected to Announce Quarterly Sales of $15.58 Billion

Brokerages forecast that PepsiCo, Inc. (NASDAQ:PEPGet Rating) will post sales of $15.58 billion for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for PepsiCo’s earnings, with estimates ranging from $15.30 billion to $15.80 billion. PepsiCo posted sales of $14.82 billion during the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The business is scheduled to issue its next earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that PepsiCo will report full year sales of $81.76 billion for the current year, with estimates ranging from $80.36 billion to $82.98 billion. For the next year, analysts expect that the company will post sales of $84.76 billion, with estimates ranging from $82.46 billion to $85.86 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow PepsiCo.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings results on Thursday, February 10th. The company reported $1.53 earnings per share for the quarter, hitting the consensus estimate of $1.53. The firm had revenue of $25.25 billion during the quarter, compared to the consensus estimate of $24.24 billion. PepsiCo had a net margin of 9.59% and a return on equity of 56.42%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.47 EPS.

A number of equities research analysts have recently weighed in on PEP shares. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, March 30th. Wells Fargo & Company lowered their target price on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 9th. Argus boosted their price objective on shares of PepsiCo from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, January 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of PepsiCo from $171.00 to $173.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Barclays cut their target price on shares of PepsiCo from $186.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, February 14th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $173.31.

Hedge funds have recently made changes to their positions in the company. Ritholtz Wealth Management raised its holdings in shares of PepsiCo by 6.9% during the first quarter. Ritholtz Wealth Management now owns 13,597 shares of the company’s stock worth $2,276,000 after purchasing an additional 876 shares during the period. Osher Van de Voorde Investment Management grew its position in PepsiCo by 3.1% in the 1st quarter. Osher Van de Voorde Investment Management now owns 101,725 shares of the company’s stock valued at $17,027,000 after buying an additional 3,065 shares in the last quarter. CFM Wealth Partners LLC grew its position in PepsiCo by 1.6% in the 1st quarter. CFM Wealth Partners LLC now owns 22,358 shares of the company’s stock valued at $3,742,000 after buying an additional 348 shares in the last quarter. Foster Victor Wealth Advisors LLC grew its position in PepsiCo by 12.6% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 23,237 shares of the company’s stock valued at $4,006,000 after buying an additional 2,600 shares in the last quarter. Finally, Minot Wealth Management LLC boosted its position in shares of PepsiCo by 8.4% during the 1st quarter. Minot Wealth Management LLC now owns 20,301 shares of the company’s stock valued at $3,398,000 after purchasing an additional 1,568 shares in the last quarter. Institutional investors and hedge funds own 71.08% of the company’s stock.

NASDAQ:PEP opened at $171.90 on Friday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.66 and a current ratio of 0.83. The stock has a market capitalization of $237.68 billion, a P/E ratio of 31.31, a PEG ratio of 3.43 and a beta of 0.65. The company has a 50 day moving average price of $165.89 and a 200 day moving average price of $165.79. PepsiCo has a fifty-two week low of $141.42 and a fifty-two week high of $177.24.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Friday, March 4th were paid a dividend of $1.075 per share. The ex-dividend date of this dividend was Thursday, March 3rd. This represents a $4.30 annualized dividend and a yield of 2.50%. PepsiCo’s dividend payout ratio is currently 78.32%.

About PepsiCo (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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