PepsiCo, Inc. (PEP) Expected to Announce Earnings of $1.50 Per Share

Wall Street brokerages forecast that PepsiCo, Inc. (NASDAQ:PEP) will post earnings per share of $1.50 for the current quarter, according to Zacks. Five analysts have made estimates for PepsiCo’s earnings. The highest EPS estimate is $1.57 and the lowest is $1.47. PepsiCo posted earnings per share of $1.61 in the same quarter last year, which suggests a negative year-over-year growth rate of 6.8%. The company is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, July 9th.

On average, analysts expect that PepsiCo will report full-year earnings of $5.51 per share for the current fiscal year, with EPS estimates ranging from $5.49 to $5.55. For the next financial year, analysts expect that the firm will report earnings of $5.95 per share, with EPS estimates ranging from $5.90 to $6.01. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover PepsiCo.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, April 17th. The company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.05. The firm had revenue of $12.88 billion for the quarter, compared to the consensus estimate of $12.68 billion. PepsiCo had a net margin of 19.37% and a return on equity of 65.12%. PepsiCo’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $0.96 EPS.

Several equities research analysts have issued reports on PEP shares. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. Gabelli reaffirmed a “buy” rating on shares of PepsiCo in a report on Tuesday, February 19th. Argus reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, April 18th. Bank of America raised their price target on PepsiCo from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. PepsiCo currently has a consensus rating of “Hold” and an average target price of $124.65.

In other PepsiCo news, CEO Vivek Sankaran sold 13,000 shares of PepsiCo stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $117.28, for a total value of $1,524,640.00. Following the transaction, the chief executive officer now owns 90,379 shares in the company, valued at $10,599,649.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP David Yawman sold 25,263 shares of PepsiCo stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $126.42, for a total value of $3,193,748.46. Following the completion of the transaction, the executive vice president now owns 80,934 shares in the company, valued at approximately $10,231,676.28. The disclosure for this sale can be found here. Insiders sold 46,063 shares of company stock worth $5,701,110 in the last 90 days. 0.28% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Lenox Wealth Management Inc. lifted its stake in shares of PepsiCo by 73.3% in the first quarter. Lenox Wealth Management Inc. now owns 201 shares of the company’s stock worth $25,000 after acquiring an additional 85 shares during the period. Highwater Wealth Management LLC acquired a new position in shares of PepsiCo in the fourth quarter worth approximately $28,000. Horan Securities Inc. lifted its stake in shares of PepsiCo by 460.0% in the fourth quarter. Horan Securities Inc. now owns 280 shares of the company’s stock worth $30,000 after acquiring an additional 230 shares during the period. Bogart Wealth LLC lifted its stake in shares of PepsiCo by 64.5% in the first quarter. Bogart Wealth LLC now owns 255 shares of the company’s stock worth $31,000 after acquiring an additional 100 shares during the period. Finally, Lucia Wealth Services LLC lifted its stake in PepsiCo by 102.9% in the first quarter. Lucia Wealth Services LLC now owns 276 shares of the company’s stock valued at $34,000 after buying an additional 140 shares during the period. 71.79% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:PEP traded up $1.94 during mid-day trading on Wednesday, hitting $129.35. The stock had a trading volume of 344,452 shares, compared to its average volume of 3,840,003. The company has a market cap of $178.26 billion, a PE ratio of 22.85, a P/E/G ratio of 3.30 and a beta of 0.66. PepsiCo has a 52 week low of $96.36 and a 52 week high of $128.51. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 1.99.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a $0.955 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.95%. This is a boost from PepsiCo’s previous quarterly dividend of $0.93. PepsiCo’s dividend payout ratio (DPR) is presently 65.55%.

PepsiCo Company Profile

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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