Wall Street analysts expect PepsiCo, Inc. (NASDAQ:PEP) to post earnings per share (EPS) of $1.50 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for PepsiCo’s earnings. The lowest EPS estimate is $1.48 and the highest is $1.51. PepsiCo reported earnings of $1.59 per share in the same quarter last year, which would indicate a negative year over year growth rate of 5.7%. The business is scheduled to announce its next quarterly earnings report before the market opens on Thursday, October 3rd.

On average, analysts expect that PepsiCo will report full year earnings of $5.51 per share for the current fiscal year, with EPS estimates ranging from $5.50 to $5.55. For the next financial year, analysts forecast that the business will post earnings of $5.95 per share, with EPS estimates ranging from $5.90 to $6.01. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for PepsiCo.

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

Several brokerages have recently weighed in on PEP. Wells Fargo & Co upped their price objective on PepsiCo from $120.00 to $127.00 and gave the company a “positive” rating in a report on Tuesday, May 14th. SunTrust Banks restated a “hold” rating and issued a $125.00 price objective on shares of PepsiCo in a report on Wednesday, July 10th. BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Royal Bank of Canada set a $115.00 price objective on PepsiCo and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, Deutsche Bank upped their price objective on PepsiCo from $120.00 to $131.00 and gave the company a “hold” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $129.35.

Shares of PepsiCo stock traded down $0.42 during trading on Wednesday, hitting $129.51. The stock had a trading volume of 2,840,373 shares, compared to its average volume of 4,795,331. 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 stock has a market capitalization of $179.80 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 3.34 and a beta of 0.60. The firm’s fifty day simple moving average is $130.83. PepsiCo has a fifty-two week low of $104.53 and a fifty-two week high of $135.24.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a dividend of $0.955 per share. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, September 5th. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

In other news, CEO Steven C. Williams sold 2,420 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total transaction of $324,159.00. Following the sale, the chief executive officer now directly owns 54,920 shares of the company’s stock, valued at $7,356,534. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Ramon Laguarta sold 15,431 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $129.43, for a total value of $1,997,234.33. Following the sale, the chairman now directly owns 232,394 shares in the company, valued at $30,078,755.42. The disclosure for this sale can be found here. Insiders have sold 27,424 shares of company stock worth $3,548,173 over the last ninety days. 0.28% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. Personal Wealth Partners acquired a new position in PepsiCo during the second quarter valued at $25,000. Krane Funds Advisors LLC acquired a new position in PepsiCo during the second quarter valued at $25,000. Evolution Wealth Advisors LLC acquired a new position in PepsiCo during the second quarter valued at $27,000. Financial Advantage Inc. acquired a new position in PepsiCo during the second quarter valued at $28,000. Finally, 1 North Wealth Services LLC acquired a new position in PepsiCo during the fourth quarter valued at $39,000. 71.26% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Company Profile

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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