Brokerages Expect Pepsico, Inc. (PEP) to Announce $1.30 Earnings Per Share

Equities analysts expect Pepsico, Inc. (NASDAQ:PEP) to post earnings per share of $1.30 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Pepsico’s earnings, with the highest EPS estimate coming in at $1.31 and the lowest estimate coming in at $1.29. Pepsico posted earnings of $1.20 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The firm is expected to report its next quarterly earnings results before the market opens on Tuesday, February 13th.

According to Zacks, analysts expect that Pepsico will report full year earnings of $5.22 per share for the current fiscal year, with EPS estimates ranging from $5.20 to $5.23. For the next year, analysts expect that the company will report earnings of $5.60 per share, with EPS estimates ranging from $5.55 to $5.64. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Pepsico.

A number of research firms have recently commented on PEP. Zacks Investment Research upgraded shares of Pepsico from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Cowen reiterated a “buy” rating on shares of Pepsico in a report on Sunday, September 17th. Stifel Nicolaus reiterated a “hold” rating and set a $120.00 price target on shares of Pepsico in a report on Friday, December 22nd. Royal Bank of Canada reiterated a “hold” rating on shares of Pepsico in a report on Sunday, November 12th. Finally, Macquarie began coverage on shares of Pepsico in a report on Thursday, September 14th. They set an “outperform” rating and a $125.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $122.82.

Pepsico (PEP) traded up $0.34 during trading hours on Friday, hitting $118.67. 2,669,100 shares of the stock were exchanged, compared to its average volume of 3,510,000. Pepsico has a 1 year low of $101.06 and a 1 year high of $120.57. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $168,770.00, a PE ratio of 24.52, a price-to-earnings-growth ratio of 3.09 and a beta of 0.68.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 1st will be issued a $0.805 dividend. This represents a $3.22 annualized dividend and a yield of 2.71%. The ex-dividend date is Thursday, November 30th. Pepsico’s dividend payout ratio is currently 66.53%.

In related news, insider Ramon Laguarta sold 21,449 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total value of $2,370,328.99. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.26% of the company’s stock.

An institutional investor recently raised its position in Pepsico stock. Prudential Financial Inc. raised its holdings in shares of Pepsico, Inc. (NASDAQ:PEP) by 26.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,354,014 shares of the company’s stock after acquiring an additional 899,911 shares during the quarter. Pepsico makes up 0.7% of Prudential Financial Inc.’s portfolio, making the stock its 19th largest holding. Prudential Financial Inc. owned 0.31% of Pepsico worth $485,168,000 as of its most recent SEC filing. 70.20% of the stock is currently owned by institutional investors.

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Pepsico Company Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

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