Analysts Expect PepsiCo, Inc. (NASDAQ:PEP) Will Post Earnings of $1.72 Per Share

Brokerages expect PepsiCo, Inc. (NASDAQ:PEPGet Rating) to announce earnings of $1.72 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for PepsiCo’s earnings. The lowest EPS estimate is $1.64 and the highest is $1.76. PepsiCo also posted earnings per share of $1.72 in the same quarter last year. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that PepsiCo will report full-year earnings of $6.64 per share for the current year, with EPS estimates ranging from $6.63 to $6.68. For the next fiscal year, analysts anticipate that the business will post earnings of $7.21 per share, with EPS estimates ranging from $7.13 to $7.37. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for PepsiCo.

PepsiCo (NASDAQ:PEPGet Rating) last released its earnings results on Tuesday, April 26th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. The firm had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.54 billion. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $1.21 EPS.

PEP has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of PepsiCo from $173.00 to $175.00 in a report on Wednesday, April 27th. JPMorgan Chase & Co. boosted their target price on shares of PepsiCo from $183.00 to $186.00 in a report on Wednesday, April 27th. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a report on Tuesday, February 15th. Barclays reduced their target price on shares of PepsiCo from $186.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, February 14th. Finally, Guggenheim boosted their price target on shares of PepsiCo from $188.00 to $193.00 in a research report on Wednesday, April 27th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $176.56.

Shares of PepsiCo stock opened at $167.82 on Wednesday. The firm has a market capitalization of $232.04 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 3.20 and a beta of 0.58. 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 firm’s 50 day moving average is $169.62 and its 200 day moving average is $168.37. PepsiCo has a 1 year low of $144.61 and a 1 year high of $177.62.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd will be paid a $1.15 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.08. The ex-dividend date is Thursday, June 2nd. This represents a $4.60 annualized dividend and a dividend yield of 2.74%. PepsiCo’s dividend payout ratio is presently 58.82%.

In other PepsiCo news, EVP David Flavell sold 5,150 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $175.11, for a total transaction of $901,816.50. Following the completion of the transaction, the executive vice president now owns 28,275 shares in the company, valued at $4,951,235.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eugene Willemsen sold 4,560 shares of the stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $175.61, for a total transaction of $800,781.60. Following the transaction, the chief executive officer now owns 8,277 shares of the company’s stock, valued at approximately $1,453,523.97. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Several institutional investors have recently made changes to their positions in PEP. Norges Bank purchased a new stake in PepsiCo in the fourth quarter valued at approximately $2,180,925,000. BlackRock Inc. raised its stake in PepsiCo by 5.5% in the fourth quarter. BlackRock Inc. now owns 105,501,759 shares of the company’s stock valued at $18,326,710,000 after purchasing an additional 5,454,097 shares in the last quarter. Royal Bank of Canada raised its stake in PepsiCo by 56.6% in the first quarter. Royal Bank of Canada now owns 14,810,738 shares of the company’s stock valued at $2,479,022,000 after purchasing an additional 5,352,721 shares in the last quarter. Vanguard Group Inc. raised its stake in PepsiCo by 1.6% in the first quarter. Vanguard Group Inc. now owns 124,592,570 shares of the company’s stock valued at $20,854,304,000 after purchasing an additional 1,991,968 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in PepsiCo by 24.8% in the third quarter. UBS Asset Management Americas Inc. now owns 9,226,501 shares of the company’s stock valued at $1,387,758,000 after purchasing an additional 1,834,683 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other 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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Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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