Zacks: Brokerages Anticipate PepsiCo, Inc. (NASDAQ:PEP) Will Post Quarterly Sales of $14.54 Billion


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Wall Street brokerages expect that PepsiCo, Inc. (NASDAQ:PEP) will post sales of $14.54 billion for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for PepsiCo’s earnings, with the highest sales estimate coming in at $14.71 billion and the lowest estimate coming in at $14.30 billion. PepsiCo reported sales of $13.88 billion during the same quarter last year, which indicates a positive year over year growth rate of 4.8%. The business is expected to issue its next quarterly earnings results on Tuesday, April 27th.

According to Zacks, analysts expect that PepsiCo will report full year sales of $75.41 billion for the current year, with estimates ranging from $74.57 billion to $76.05 billion. For the next fiscal year, analysts anticipate that the business will report sales of $78.28 billion, with estimates ranging from $75.15 billion to $79.34 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover PepsiCo.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, February 11th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.45 by $0.02. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%.

A number of brokerages have issued reports on PEP. Wells Fargo & Company began coverage on PepsiCo in a research report on Monday, December 7th. They set an “equal weight” rating and a $157.00 price target on the stock. Barclays reiterated a “neutral” rating on shares of PepsiCo in a research report on Sunday, February 14th. Sanford C. Bernstein assumed coverage on PepsiCo in a research report on Tuesday, January 19th. They issued an “underperform” rating and a $136.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $143.00 to $148.00 and gave the company a “hold” rating in a research report on Wednesday, February 3rd. Finally, Royal Bank of Canada downgraded PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 target price on the stock. in a research report on Monday, January 4th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $144.78.

A number of hedge funds have recently bought and sold shares of PEP. McClarren Financial Advisors Inc. acquired a new stake in PepsiCo in the 4th quarter valued at about $27,000. PrairieView Partners LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at about $30,000. Inspire Advisors LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at about $31,000. Interactive Financial Advisors purchased a new position in shares of PepsiCo in the 4th quarter valued at about $33,000. Finally, Catalyst Private Wealth LLC purchased a new position in shares of PepsiCo in the 3rd quarter valued at about $34,000. 69.94% of the stock is currently owned by institutional investors.

PEP stock traded up $0.79 during mid-day trading on Tuesday, reaching $132.78. 6,254,840 shares of the company’s stock were exchanged, compared to its average volume of 4,904,515. The company has a market cap of $183.18 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 3.63 and a beta of 0.57. The stock’s 50 day moving average is $139.12 and its 200 day moving average is $139.92. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.93 and a quick ratio of 0.77. PepsiCo has a 12-month low of $101.42 and a 12-month high of $148.77.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 31st. Stockholders of record on Friday, March 5th will be paid a $1.0225 dividend. The ex-dividend date of this dividend is Thursday, March 4th. This represents a $4.09 dividend on an annualized basis and a dividend yield of 3.08%. PepsiCo’s payout ratio is presently 73.96%.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: FLNA, QFNA, PBNA, LatAm, Europe, AMESA, and APAC. It offers branded dips, cheese-flavored snacks, and tortillas, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; and dairy products.

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Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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