Equities analysts expect PepsiCo (NASDAQ:PEP) to report $12.41 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for PepsiCo’s earnings, with the lowest sales estimate coming in at $12.29 billion and the highest estimate coming in at $12.50 billion. PepsiCo reported sales of $12.05 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, April 26th.
On average, analysts expect that PepsiCo will report full year sales of $12.41 billion for the current financial year, with estimates ranging from $64.96 billion to $65.69 billion. For the next year, analysts expect that the business will report sales of $67.40 billion per share, with estimates ranging from $66.59 billion to $67.85 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover PepsiCo.
PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.01. The company had revenue of $19.53 billion during the quarter, compared to the consensus estimate of $19.40 billion. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. PepsiCo’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS.
A number of research firms recently weighed in on PEP. TheStreet downgraded PepsiCo from a “b-” rating to a “c+” rating in a research report on Thursday, March 1st. SunTrust Banks dropped their target price on PepsiCo from $125.00 to $115.00 and set a “hold” rating for the company in a research report on Wednesday, February 14th. JPMorgan Chase dropped their target price on PepsiCo from $127.00 to $124.00 and set an “overweight” rating for the company in a research report on Wednesday, February 14th. Jefferies Group restated a “hold” rating and issued a $113.00 target price on shares of PepsiCo in a research report on Tuesday, February 13th. Finally, Susquehanna Bancshares boosted their target price on PepsiCo from $137.00 to $140.00 and gave the stock a “positive” rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $123.04.
Hedge funds have recently made changes to their positions in the business. Green Square Capital LLC increased its stake in shares of PepsiCo by 82.6% during the fourth quarter. Green Square Capital LLC now owns 13,644 shares of the company’s stock valued at $1,647,000 after buying an additional 6,170 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of PepsiCo by 10.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 177,665 shares of the company’s stock valued at $21,306,000 after buying an additional 16,729 shares during the period. Certified Advisory Corp purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $134,000. Ackerman Capital Advisors LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $618,000. Finally, Fairfield Bush & CO. increased its stake in shares of PepsiCo by 4.5% during the fourth quarter. Fairfield Bush & CO. now owns 61,457 shares of the company’s stock valued at $7,370,000 after buying an additional 2,638 shares during the period. Hedge funds and other institutional investors own 70.84% of the company’s stock.
NASDAQ:PEP traded down $2.10 during mid-day trading on Wednesday, reaching $107.05. The stock had a trading volume of 4,294,407 shares, compared to its average volume of 4,637,528. The company has a market capitalization of $154,932.42, a price-to-earnings ratio of 20.47, a PEG ratio of 2.58 and a beta of 0.66. PepsiCo has a one year low of $105.94 and a one year high of $122.51. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.51 and a quick ratio of 1.37.
PepsiCo announced that its Board of Directors has authorized a stock buyback plan on Tuesday, February 13th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 2nd were given a $0.805 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $3.22 annualized dividend and a yield of 3.01%. PepsiCo’s payout ratio is currently 61.57%.
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PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's 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 brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.
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