Brokerages Expect PepsiCo, Inc. (NASDAQ:PEP) Will Announce Earnings of $1.43 Per Share

Wall Street analysts expect that PepsiCo, Inc. (NASDAQ:PEP) will post earnings of $1.43 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for PepsiCo’s earnings, with estimates ranging from $1.42 to $1.44. PepsiCo reported earnings per share of $1.49 during the same quarter last year, which suggests a negative year over year growth rate of 4%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, February 13th.

According to Zacks, analysts expect that PepsiCo will report full-year earnings of $5.51 per share for the current year, with EPS estimates ranging from $5.50 to $5.55. For the next financial year, analysts forecast that the firm will post earnings of $5.94 per share, with EPS estimates ranging from $5.90 to $5.98. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow PepsiCo.

Several equities analysts have recently commented on PEP shares. Citigroup boosted their price objective on PepsiCo from $139.00 to $143.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Evercore ISI restated a “hold” rating on shares of PepsiCo in a research report on Sunday, December 15th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. ValuEngine downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Credit Suisse Group boosted their price objective on PepsiCo from $117.00 to $126.00 and gave the company an “underperform” rating in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. PepsiCo has a consensus rating of “Hold” and a consensus target price of $135.53.

Shares of PepsiCo stock traded down $1.10 during trading hours on Tuesday, hitting $142.55. The company’s stock had a trading volume of 1,311,601 shares, compared to its average volume of 3,793,436. The business has a 50 day moving average price of $137.43 and a two-hundred day moving average price of $134.95. PepsiCo has a 12-month low of $108.00 and a 12-month high of $143.85. The company has a market cap of $199.93 billion, a PE ratio of 16.27, a PEG ratio of 3.45 and a beta of 0.53. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.95.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 6th were given a dividend of $0.955 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $3.82 dividend on an annualized basis and a yield of 2.68%. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

A number of hedge funds have recently modified their holdings of PEP. Lucia Wealth Services LLC grew its stake in PepsiCo by 26.8% in the fourth quarter. Lucia Wealth Services LLC now owns 350 shares of the company’s stock worth $48,000 after purchasing an additional 74 shares in the last quarter. West Oak Capital LLC boosted its position in PepsiCo by 0.5% during the 3rd quarter. West Oak Capital LLC now owns 15,230 shares of the company’s stock valued at $2,088,000 after acquiring an additional 75 shares in the last quarter. First Bank & Trust boosted its position in PepsiCo by 0.5% during the 3rd quarter. First Bank & Trust now owns 14,552 shares of the company’s stock valued at $1,995,000 after acquiring an additional 75 shares in the last quarter. Boyd Watterson Asset Management LLC OH boosted its position in PepsiCo by 0.5% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 15,628 shares of the company’s stock valued at $2,136,000 after acquiring an additional 75 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its position in PepsiCo by 2.5% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 3,126 shares of the company’s stock valued at $429,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 71.18% 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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