Wall Street brokerages expect PepsiCo (NASDAQ:PEP) to announce sales of $12.42 billion for the current quarter, Zacks reports. Six analysts have issued estimates for PepsiCo’s earnings. The highest sales estimate is $12.50 billion and the lowest is $12.29 billion. PepsiCo posted sales of $12.05 billion in the same quarter last year, which suggests a positive year over year growth rate of 3.1%. The company is scheduled to report its next quarterly earnings results before the market opens on Thursday, April 26th.
According to Zacks, analysts expect that PepsiCo will report full year sales of $65.43 billion for the current fiscal year, with estimates ranging from $64.96 billion to $65.85 billion. For the next financial year, analysts anticipate that the business will post sales of $67.41 billion per share, with estimates ranging from $66.59 billion to $67.86 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow PepsiCo.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.01. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. The business had revenue of $19.53 billion for the quarter, compared to analysts’ expectations of $19.40 billion. During the same quarter in the previous year, the firm posted $1.20 earnings per share. The company’s revenue was up .1% compared to the same quarter last year.
PEP has been the topic of several research reports. Goldman Sachs restated a “sell” rating on shares of PepsiCo in a research note on Tuesday. TheStreet cut PepsiCo from a “b-” rating to a “c+” rating in a research note on Thursday, March 1st. SunTrust Banks cut their price objective on PepsiCo from $125.00 to $115.00 and set a “hold” rating on the stock in a research note on Wednesday, February 14th. JPMorgan Chase cut their price objective on PepsiCo from $127.00 to $124.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 14th. Finally, Jefferies Group restated a “hold” rating and set a $113.00 price objective on shares of PepsiCo in a research note on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. PepsiCo presently has an average rating of “Hold” and a consensus target price of $123.04.
Shares of NASDAQ:PEP traded down $0.96 during trading on Friday, hitting $108.96. The company’s stock had a trading volume of 2,942,628 shares, compared to its average volume of 4,444,794. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.37 and a current ratio of 1.51. PepsiCo has a fifty-two week low of $105.94 and a fifty-two week high of $122.51. The stock has a market cap of $155,088.56, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 2.59 and a beta of 0.66.
The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 2nd were given a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Thursday, March 1st. PepsiCo’s payout ratio is 61.57%.
PepsiCo announced that its Board of Directors has authorized a share repurchase program on Tuesday, February 13th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.
Several institutional investors have recently made changes to their positions in the company. Wagner Wealth Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at $109,000. Certified Advisory Corp purchased a new stake in shares of PepsiCo in the fourth quarter valued at $134,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of PepsiCo in the fourth quarter valued at $140,000. Avestar Capital LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at $154,000. Finally, Rational Advisors LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at $168,000. Institutional investors and hedge funds own 70.91% of the company’s stock.
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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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