PepsiCo (NASDAQ:PEP) Issues FY 2022 Earnings Guidance

PepsiCo (NASDAQ:PEPGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $6.63-$6.63 for the period, compared to the consensus EPS estimate of $6.66. The company issued revenue guidance of -.

PepsiCo Stock Performance

Shares of PEP stock traded down $2.35 on Friday, hitting $173.52. 144,774 shares of the stock were exchanged, compared to its average volume of 4,064,957. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $239.44 billion, a PE ratio of 26.05, a P/E/G ratio of 3.47 and a beta of 0.55. PepsiCo has a one year low of $149.48 and a one year high of $177.69. The firm’s 50 day moving average is $167.60 and its two-hundred day moving average is $169.49.

PepsiCo (NASDAQ:PEPGet Rating) last posted its quarterly earnings results on Tuesday, July 12th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.13. The company had revenue of $20.23 billion during the quarter, compared to the consensus estimate of $19.51 billion. PepsiCo had a return on equity of 52.01% and a net margin of 11.28%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.72 EPS. Sell-side analysts expect that PepsiCo will post 6.65 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be issued a dividend of $1.15 per share. The ex-dividend date is Thursday, September 1st. This represents a $4.60 dividend on an annualized basis and a yield of 2.65%. PepsiCo’s dividend payout ratio (DPR) is 69.28%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $186.00 to $185.00 and set an overweight rating on the stock in a report on Wednesday, July 6th. Guggenheim increased their price objective on PepsiCo from $188.00 to $193.00 in a report on Wednesday, April 27th. Barclays lowered their price target on PepsiCo from $187.00 to $183.00 and set an overweight rating on the stock in a report on Wednesday, July 6th. Deutsche Bank Aktiengesellschaft raised their price target on PepsiCo from $175.00 to $178.00 and gave the company a hold rating in a report on Thursday, July 7th. Finally, Credit Suisse Group raised their price target on PepsiCo from $168.00 to $170.00 and gave the company a neutral rating in a report on Wednesday, July 13th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $182.00.

Insider Activity

In other news, CEO Eugene Willemsen sold 4,560 shares of the stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $175.61, for a total transaction of $800,781.60. Following the transaction, the chief executive officer now directly owns 8,277 shares in the company, valued at approximately $1,453,523.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP David Flavell sold 5,150 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $175.11, for a total transaction of $901,816.50. Following the transaction, the executive vice president now directly owns 28,275 shares in the company, valued at approximately $4,951,235.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Eugene Willemsen sold 4,560 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $175.61, for a total value of $800,781.60. Following the transaction, the chief executive officer now owns 8,277 shares in the company, valued at $1,453,523.97. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,896 shares of company stock worth $2,602,868. 0.12% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PepsiCo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Symphony Financial Ltd. Co. grew its position in shares of PepsiCo by 19.0% in the 1st quarter. Symphony Financial Ltd. Co. now owns 8,160 shares of the company’s stock worth $237,000 after buying an additional 1,300 shares during the last quarter. Range Financial Group LLC bought a new stake in shares of PepsiCo in the 1st quarter worth approximately $247,000. Private Advisory Group LLC bought a new stake in shares of PepsiCo in the 1st quarter worth approximately $270,000. Aspire Capital Advisors LLC bought a new stake in shares of PepsiCo in the 1st quarter worth approximately $275,000. Finally, Private Capital Management LLC bought a new stake in shares of PepsiCo in the 1st quarter worth approximately $292,000. 72.12% of the stock is currently owned by institutional investors.

About PepsiCo

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PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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