Zacks Research Analysts Lower Earnings Estimates for PepsiCo, Inc. (NASDAQ:PEP)

PepsiCo, Inc. (NASDAQ:PEP) – Research analysts at Zacks Research cut their Q2 2024 earnings per share estimates for PepsiCo in a research report issued to clients and investors on Tuesday, May 7th. Zacks Research analyst R. Lohia now anticipates that the company will post earnings per share of $2.15 for the quarter, down from their previous forecast of $2.22. The consensus estimate for PepsiCo’s current full-year earnings is $8.16 per share. Zacks Research also issued estimates for PepsiCo’s Q2 2025 earnings at $2.36 EPS, Q3 2025 earnings at $2.57 EPS, Q4 2025 earnings at $2.14 EPS, Q1 2026 earnings at $1.88 EPS and FY2026 earnings at $9.42 EPS.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.50 EPS.

A number of other equities research analysts have also recently commented on PEP. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a report on Monday, March 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. Wedbush reissued an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and raised their price target for the company from $180.00 to $195.00 in a report on Monday, February 12th. Finally, Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Trading Down 0.3 %

Shares of PepsiCo stock opened at $177.41 on Thursday. PepsiCo has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The company has a market capitalization of $243.90 billion, a P/E ratio of 26.68, a P/E/G ratio of 2.87 and a beta of 0.52. The company has a fifty day moving average of $170.49 and a 200 day moving average of $168.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. First National Bank of Hutchinson boosted its holdings in PepsiCo by 2.8% during the 1st quarter. First National Bank of Hutchinson now owns 3,468 shares of the company’s stock valued at $607,000 after acquiring an additional 93 shares during the period. Angeles Wealth Management LLC boosted its stake in shares of PepsiCo by 5.5% during the first quarter. Angeles Wealth Management LLC now owns 12,436 shares of the company’s stock valued at $2,176,000 after purchasing an additional 651 shares during the period. Interchange Capital Partners LLC increased its stake in PepsiCo by 10.2% in the 1st quarter. Interchange Capital Partners LLC now owns 1,861 shares of the company’s stock worth $326,000 after buying an additional 173 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in PepsiCo by 4.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 1,514,000 shares of the company’s stock valued at $276,002,000 after buying an additional 65,148 shares in the last quarter. Finally, Eagle Bay Advisors LLC boosted its position in PepsiCo by 22.1% in the 1st quarter. Eagle Bay Advisors LLC now owns 2,765 shares of the company’s stock valued at $488,000 after buying an additional 500 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, June 7th. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a yield of 3.06%. PepsiCo’s dividend payout ratio is 76.09%.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of 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.