Wall Street analysts forecast that PepsiCo, Inc. (NASDAQ:PEP) will post $1.50 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for PepsiCo’s earnings, with the lowest EPS estimate coming in at $1.48 and the highest estimate coming in at $1.51. PepsiCo posted earnings of $1.59 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.7%. The business is scheduled to announce its next earnings report before the market opens on Thursday, October 3rd.

According to Zacks, analysts expect that PepsiCo will report full-year earnings of $5.51 per share for the current financial year, with EPS estimates ranging from $5.50 to $5.55. For the next fiscal year, analysts forecast that the business will report earnings of $5.95 per share, with EPS estimates ranging from $5.90 to $6.01. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover PepsiCo.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, July 9th. The company reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.05. The firm had revenue of $16.45 billion for the quarter, compared to the consensus estimate of $16.44 billion. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.61 earnings per share.

A number of research analysts recently commented on the stock. BMO Capital Markets reiterated an “average” rating and issued a $128.00 price target on shares of PepsiCo in a research note on Wednesday, July 10th. Bank of America raised their price objective on shares of PepsiCo from $135.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $149.00 target price (up previously from $143.00) on shares of PepsiCo in a research report on Wednesday. They noted that the move was a valuation call. Finally, Cowen increased their target price on PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. PepsiCo presently has a consensus rating of “Buy” and a consensus target price of $130.50.

Shares of PEP stock traded up $0.50 during midday trading on Friday, hitting $136.36. 4,912,755 shares of the company were exchanged, compared to its average volume of 4,689,791. The firm has a market capitalization of $190.71 billion, a P/E ratio of 24.09, a PEG ratio of 3.54 and a beta of 0.56. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.66 and a current ratio of 0.86. The firm’s 50 day moving average price is $132.01 and its two-hundred day moving average price is $127.77. PepsiCo has a 52 week low of $104.53 and a 52 week high of $139.18.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a $0.955 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.82 annualized dividend and a yield of 2.80%. PepsiCo’s dividend payout ratio is presently 67.49%.

In other news, CEO Steven C. Williams sold 2,420 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $133.95, for a total value of $324,159.00. Following the completion of the transaction, the chief executive officer now directly owns 54,920 shares in the company, valued at approximately $7,356,534. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kirk Tanner sold 9,573 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the sale, the chief executive officer now directly owns 105,350 shares of the company’s stock, valued at approximately $13,500,602.50. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. River & Mercantile Asset Management LLP bought a new position in PepsiCo in the second quarter valued at about $7,685,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of PepsiCo in the second quarter worth about $67,729,000. Rehmann Capital Advisory Group boosted its stake in shares of PepsiCo by 0.3% in the 2nd quarter. Rehmann Capital Advisory Group now owns 262,423 shares of the company’s stock valued at $34,412,000 after purchasing an additional 733 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in shares of PepsiCo by 16.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 186,693 shares of the company’s stock valued at $24,481,000 after purchasing an additional 26,235 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of PepsiCo by 0.7% during the 2nd quarter. Boston Partners now owns 1,706,898 shares of the company’s stock valued at $223,855,000 after purchasing an additional 11,793 shares during the last quarter. Institutional investors and hedge funds own 71.51% of the company’s stock.

About PepsiCo

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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