PepsiCo (NASDAQ:PEP) Releases FY 2022 Earnings Guidance

PepsiCo (NASDAQ:PEP – Get Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of $6.630-$6.630 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.650. The company issued revenue guidance of -.PepsiCo also updated its FY22 guidance to $6.63 EPS.

PepsiCo stock opened at $173.74 on Tuesday. PepsiCo has a 52 week low of $141.73 and a 52 week high of $177.24. The business has a 50-day simple moving average of $166.41 and a 200 day simple moving average of $166.98. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 2.23. The stock has a market cap of $240.22 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 3.48 and a beta of 0.65.

PepsiCo (NASDAQ:PEP – Get Rating) last posted its quarterly earnings data on Thursday, February 10th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.53. The firm had revenue of $25.25 billion during the quarter, compared to analysts’ expectations of $24.24 billion. PepsiCo had a return on equity of 56.42% and a net margin of 9.59%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.47 EPS. On average, research analysts anticipate that PepsiCo will post 6.64 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Friday, March 4th were given a dividend of $1.075 per share. This represents a $4.30 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Thursday, March 3rd. PepsiCo’s dividend payout ratio (DPR) is presently 78.32%.

PEP has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on PepsiCo from $175.00 to $170.00 and set an equal weight rating on the stock in a research note on Wednesday, March 9th. Argus raised their price target on PepsiCo from $180.00 to $195.00 and gave the stock a buy rating in a research note on Tuesday, January 4th. Deutsche Bank Aktiengesellschaft raised their price target on PepsiCo from $171.00 to $173.00 and gave the stock a hold rating in a research note on Tuesday, April 12th. Barclays decreased their target price on PepsiCo from $186.00 to $180.00 and set an overweight rating on the stock in a report on Monday, February 14th. Finally, Zacks Investment Research raised PepsiCo from a sell rating to a hold rating and set a $180.00 target price on the stock in a report on Monday, April 4th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of $173.31.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vident Investment Advisory LLC boosted its stake in PepsiCo by 1.5% during the fourth quarter. Vident Investment Advisory LLC now owns 16,579 shares of the company’s stock worth $2,880,000 after acquiring an additional 246 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at approximately $822,000. Strategic Wealth Advisors Group LLC boosted its stake in PepsiCo by 2.0% during the 4th quarter. Strategic Wealth Advisors Group LLC now owns 18,198 shares of the company’s stock worth $3,152,000 after purchasing an additional 364 shares during the last quarter. Ulland Investment Advisors LLC purchased a new stake in PepsiCo in the 4th quarter valued at about $74,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of PepsiCo in the 4th quarter valued at approximately $764,000. Institutional investors own 71.08% of the company’s stock.

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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