Research Analysts Offer Predictions for PepsiCo, Inc.’s Q4 2024 Earnings (NASDAQ:PEP)

PepsiCo, Inc. (NASDAQ:PEP) – Wedbush cut their Q4 2024 earnings per share estimates for PepsiCo in a research note issued to investors on Wednesday, April 24th. Wedbush analyst G. Pascarelli now anticipates that the company will post earnings per share of $2.00 for the quarter, down from their prior forecast of $2.01. Wedbush has a “Outperform” rating and a $195.00 price target on the stock. The consensus estimate for PepsiCo’s current full-year earnings is $8.16 per share.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. During the same period in the previous year, the business earned $1.50 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis.

PEP has been the topic of several other research reports. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a report on Monday, March 18th. Jefferies Financial Group boosted their target price on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Finally, Barclays lifted their price target on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Price Performance

Shares of PEP opened at $175.58 on Friday. The firm has a market capitalization of $241.39 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 2.80 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The company’s fifty day moving average price is $169.40 and its 200-day moving average price is $167.86. PepsiCo has a 1-year low of $155.83 and a 1-year high of $196.88.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 76.09%.

Hedge Funds Weigh In On PepsiCo

A number of hedge funds and other institutional investors have recently bought and sold shares of PEP. LFA Lugano Financial Advisors SA lifted its stake in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares in the last quarter. Fortis Group Advisors LLC lifted its holdings in PepsiCo by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 97 shares during the last quarter. Life Planning Partners Inc acquired a new position in PepsiCo during the 4th quarter worth $34,000. Kathleen S. Wright Associates Inc. bought a new position in PepsiCo during the first quarter valued at about $35,000. Finally, Naples Money Management LLC acquired a new stake in PepsiCo during the 4th quarter worth about $36,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.