Zacks: Brokerages Anticipate PepsiCo, Inc. (NASDAQ:PEP) Will Post Earnings of $1.43 Per Share

Equities analysts predict that PepsiCo, Inc. (NASDAQ:PEP) will report earnings per share (EPS) of $1.43 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for PepsiCo’s earnings. The lowest EPS estimate is $1.42 and the highest is $1.44. PepsiCo reported earnings per share of $1.49 during the same quarter last year, which indicates a negative year over year growth rate of 4%. The company is scheduled to announce its next earnings report before the market opens on Thursday, February 13th.

According to Zacks, analysts expect that PepsiCo will report full-year earnings of $5.50 per share for the current financial year, with EPS estimates ranging from $5.50 to $5.51. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.94 per share, with EPS estimates ranging from $5.90 to $5.98. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow PepsiCo.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, October 3rd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.50 by $0.06. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The business had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $16.93 billion. During the same quarter last year, the firm posted $1.59 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis.

PEP has been the subject of several recent analyst reports. JPMorgan Chase & Co. set a $154.00 target price on PepsiCo and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Deutsche Bank raised their price objective on PepsiCo from $141.00 to $142.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. BMO Capital Markets reissued a “market perform” rating and issued a $133.00 price objective (up previously from $128.00) on shares of PepsiCo in a research note on Friday, October 4th. Morgan Stanley reissued a “buy” rating and issued a $154.00 price objective on shares of PepsiCo in a research note on Tuesday, October 29th. Finally, ValuEngine cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $135.53.

NASDAQ PEP traded down $0.90 during trading hours on Friday, hitting $136.26. 336,728 shares of the company’s stock were exchanged, compared to its average volume of 3,217,580. The stock has a 50-day simple moving average of $135.32 and a 200 day simple moving average of $133.64. PepsiCo has a 1-year low of $105.03 and a 1-year high of $140.45. The firm has a market cap of $191.54 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 3.57 and a beta of 0.54. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 6th will be issued a $0.955 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.80%. PepsiCo’s dividend payout ratio is presently 67.49%.

Hedge funds have recently bought and sold shares of the company. Personal Wealth Partners bought a new position in shares of PepsiCo in the second quarter valued at approximately $25,000. Krane Funds Advisors LLC bought a new position in shares of PepsiCo in the second quarter valued at approximately $25,000. Vista Private Wealth Partners. LLC bought a new position in shares of PepsiCo in the third quarter valued at approximately $36,000. Cordasco Financial Network lifted its holdings in shares of PepsiCo by 50.0% in the third quarter. Cordasco Financial Network now owns 300 shares of the company’s stock valued at $41,000 after purchasing an additional 100 shares in the last quarter. Finally, 1 North Wealth Services LLC bought a new position in shares of PepsiCo in the third quarter valued at approximately $44,000. Institutional investors own 71.23% of the company’s stock.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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