Analysts Expect PepsiCo, Inc. (NASDAQ:PEP) Will Post Quarterly Sales of $19.73 Billion

Wall Street analysts expect PepsiCo, Inc. (NASDAQ:PEPGet Rating) to report sales of $19.73 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for PepsiCo’s earnings. The highest sales estimate is $20.03 billion and the lowest is $19.30 billion. PepsiCo reported sales of $19.22 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.7%. The firm is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that PepsiCo will report full year sales of $83.27 billion for the current fiscal year, with estimates ranging from $82.77 billion to $83.96 billion. For the next year, analysts anticipate that the firm will report sales of $86.10 billion, with estimates ranging from $85.25 billion to $86.89 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover PepsiCo.

PepsiCo (NASDAQ:PEPGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.23 by $0.06. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The company had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.54 billion. During the same period in the previous year, the firm earned $1.21 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis.

PEP has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 9th. Citigroup upped their target price on shares of PepsiCo from $194.00 to $198.00 in a research report on Wednesday, April 27th. DZ Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research report on Tuesday, February 15th. Guggenheim upped their price target on shares of PepsiCo from $188.00 to $193.00 in a research note on Wednesday, April 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of PepsiCo from $183.00 to $186.00 in a research note on Wednesday, April 27th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $176.56.

Shares of PepsiCo stock opened at $170.39 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.89. The company’s fifty day simple moving average is $167.24 and its two-hundred day simple moving average is $167.65. The company has a market cap of $235.60 billion, a P/E ratio of 23.31, a PEG ratio of 3.33 and a beta of 0.58. PepsiCo has a 12-month low of $143.58 and a 12-month high of $177.62.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 3rd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.70%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.08. The ex-dividend date is Thursday, June 2nd. PepsiCo’s dividend payout ratio is currently 58.82%.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in PepsiCo by 5.5% during the 4th quarter. BlackRock Inc. now owns 105,501,759 shares of the company’s stock valued at $18,326,710,000 after buying an additional 5,454,097 shares in the last quarter. State Street Corp grew its holdings in PepsiCo by 1.3% during the 4th quarter. State Street Corp now owns 58,904,562 shares of the company’s stock valued at $10,293,622,000 after buying an additional 763,595 shares in the last quarter. Geode Capital Management LLC grew its holdings in PepsiCo by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 23,137,438 shares of the company’s stock valued at $4,008,329,000 after buying an additional 585,018 shares in the last quarter. Capital Research Global Investors grew its holdings in PepsiCo by 9.6% during the 4th quarter. Capital Research Global Investors now owns 18,698,968 shares of the company’s stock valued at $3,248,196,000 after buying an additional 1,634,702 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of PepsiCo by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,837,497 shares of the company’s stock valued at $2,403,712,000 after acquiring an additional 93,169 shares during the last quarter. 72.12% of the stock is owned by institutional investors.

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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