Brokerages predict that PepsiCo, Inc. (NASDAQ:PEP) will announce sales of $12.41 billion for the current quarter, according to Zacks. Six analysts have made estimates for PepsiCo’s earnings. The lowest sales estimate is $12.29 billion and the highest is $12.50 billion. PepsiCo posted sales of $12.05 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The company is expected to issue its next quarterly earnings report on Wednesday, April 25th.

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 financial year, analysts expect that the company will post sales of $67.40 billion per share, with estimates ranging from $66.59 billion to $67.85 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover PepsiCo.

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PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.01. The company had revenue of $19.53 billion for the quarter, compared to analyst estimates of $19.40 billion. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. PepsiCo’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 earnings per share.

A number of equities research analysts have recently commented on PEP shares. Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research report on Monday, December 4th. SunTrust Banks started coverage on PepsiCo in a research report on Monday, January 29th. They set a “hold” rating and a $125.00 price target on the stock. Credit Suisse Group reaffirmed a “neutral” rating and set a $124.00 price target (up previously from $122.00) on shares of PepsiCo in a research report on Thursday, February 1st. Wells Fargo & Co raised their price target on PepsiCo from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, January 4th. Finally, BidaskClub lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $123.04.

Several large investors have recently bought and sold shares of PEP. Amundi Pioneer Asset Management Inc. grew its stake in PepsiCo by 42.6% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 6,306,614 shares of the company’s stock valued at $756,289,000 after purchasing an additional 1,882,971 shares in the last quarter. Geode Capital Management LLC grew its stake in PepsiCo by 8.5% in the fourth quarter. Geode Capital Management LLC now owns 16,678,262 shares of the company’s stock valued at $1,996,271,000 after purchasing an additional 1,305,279 shares in the last quarter. Renaissance Technologies LLC grew its stake in PepsiCo by 18.1% in the fourth quarter. Renaissance Technologies LLC now owns 6,497,262 shares of the company’s stock valued at $779,152,000 after purchasing an additional 996,562 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of PepsiCo by 120.5% in the fourth quarter. Mackenzie Financial Corp now owns 1,779,601 shares of the company’s stock valued at $213,410,000 after buying an additional 972,517 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of PepsiCo by 26.1% in the third quarter. Prudential Financial Inc. now owns 4,354,014 shares of the company’s stock valued at $485,168,000 after buying an additional 899,911 shares during the last quarter. Institutional investors and hedge funds own 70.93% of the company’s stock.

PepsiCo (NASDAQ:PEP) traded down $0.99 during midday trading on Friday, hitting $112.61. The stock had a trading volume of 4,055,646 shares, compared to its average volume of 4,930,000. The firm has a market capitalization of $159,900.00, a price-to-earnings ratio of 22.12, a P/E/G ratio of 2.68 and a beta of 0.69. 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 52 week low of $106.19 and a 52 week high of $122.51.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 2nd will be issued a dividend of $0.805 per share. The ex-dividend date is Thursday, March 1st. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.86%. PepsiCo’s payout ratio is presently 63.26%.

PepsiCo declared that its board has initiated a share buyback program on Tuesday, February 13th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

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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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Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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