Equities research analysts expect PepsiCo, Inc. (NASDAQ:PEP) to post sales of $17.76 billion for the current quarter, according to Zacks. Five analysts have issued estimates for PepsiCo’s earnings, with estimates ranging from $17.35 billion to $18.30 billion. PepsiCo reported sales of $15.95 billion in the same quarter last year, which indicates a positive year over year growth rate of 11.3%. The business is expected to announce its next earnings results on Monday, July 12th.

On average, analysts expect that PepsiCo will report full year sales of $75.22 billion for the current year, with estimates ranging from $74.19 billion to $75.79 billion. For the next year, analysts forecast that the business will post sales of $78.70 billion, with estimates ranging from $77.12 billion to $79.44 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for PepsiCo.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Wednesday, April 14th. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.09. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%. The company had revenue of $14.82 billion for the quarter, compared to analyst estimates of $14.54 billion. During the same period in the previous year, the company posted $1.07 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis.

Several equities research analysts have recently weighed in on PEP shares. Wolfe Research began coverage on PepsiCo in a report on Monday, April 19th. They issued a “peer perform” rating on the stock. Guggenheim reiterated a “buy” rating on shares of PepsiCo in a report on Thursday, April 1st. Deutsche Bank Aktiengesellschaft raised their price objective on PepsiCo from $145.00 to $147.00 and gave the stock a “hold” rating in a research report on Thursday, April 22nd. Royal Bank of Canada cut PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price objective for the company. in a research report on Monday, January 4th. They noted that the move was a valuation call. Finally, Credit Suisse Group lifted their price target on PepsiCo from $144.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, April 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. PepsiCo has an average rating of “Hold” and a consensus target price of $149.23.

Hedge funds have recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. bought a new stake in PepsiCo in the 4th quarter valued at $27,000. Emerson Wealth Management LLC bought a new position in shares of PepsiCo in the 1st quarter valued at about $28,000. PrairieView Partners LLC bought a new position in shares of PepsiCo in the 4th quarter valued at about $30,000. Inspire Advisors LLC bought a new position in PepsiCo during the 4th quarter worth approximately $31,000. Finally, Interactive Financial Advisors bought a new position in PepsiCo during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 69.94% of the company’s stock.

PepsiCo stock traded down $1.83 during mid-day trading on Tuesday, reaching $143.96. 6,598,774 shares of the stock traded hands, compared to its average volume of 5,657,092. The stock has a market capitalization of $198.90 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 3.63 and a beta of 0.57. PepsiCo has a 12-month low of $126.53 and a 12-month high of $148.77. The business’s 50-day moving average is $141.78 and its 200-day moving average is $140.50. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.93 and a quick ratio of 0.77.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Friday, June 4th will be paid a dividend of $1.075 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $1.02. This represents a $4.30 annualized dividend and a yield of 2.99%. PepsiCo’s dividend payout ratio is currently 73.96%.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company 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.

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Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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