$16.42 Billion in Sales Expected for Pepsico, Inc. (NYSE:PEP) This Quarter
Analysts expect that Pepsico, Inc. (NYSE:PEP) will announce sales of $16.42 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Pepsico’s earnings, with estimates ranging from $16.32 billion to $16.49 billion. Pepsico posted sales of $16.03 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The company is scheduled to issue its next earnings results on Thursday, October 5th.
On average, analysts expect that Pepsico will report full-year sales of $16.42 billion for the current fiscal year, with estimates ranging from $63.05 billion to $64.00 billion. For the next financial year, analysts forecast that the company will report sales of $65.94 billion per share, with estimates ranging from $64.74 billion to $66.40 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Pepsico.
Pepsico (NYSE:PEP) last released its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.10. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The firm had revenue of $15.71 billion for the quarter, compared to analyst estimates of $15.57 billion. During the same period last year, the firm earned $1.35 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year.
A number of brokerages have recently commented on PEP. Vetr upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $125.54 target price on the stock in a report on Wednesday, April 26th. Zacks Investment Research upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a report on Friday, July 14th. Susquehanna Bancshares Inc restated a “positive” rating and set a $133.00 target price (down previously from $134.00) on shares of Pepsico in a report on Thursday, July 6th. Jefferies Group LLC boosted their target price on shares of Pepsico from $120.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 19th. Finally, BMO Capital Markets cut shares of Pepsico from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $118.00 to $120.00 in a report on Wednesday, June 7th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Pepsico has a consensus rating of “Buy” and an average price target of $123.04.
Pepsico (NYSE:PEP) opened at 116.37 on Monday. The firm has a 50 day moving average of $116.01 and a 200-day moving average of $112.24. The company has a market capitalization of $165.89 billion, a price-to-earnings ratio of 24.64 and a beta of 0.67. Pepsico has a 1-year low of $98.50 and a 1-year high of $118.24.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be given a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Wednesday, August 30th. Pepsico’s dividend payout ratio (DPR) is 68.22%.
In other Pepsico news, EVP Mehmood Khan sold 63,396 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $116.39, for a total value of $7,378,660.44. Following the completion of the transaction, the executive vice president now owns 174,273 shares of the company’s stock, valued at approximately $20,283,634.47. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Indra K. Nooyi sold 452,830 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $116.44, for a total value of $52,727,525.20. Following the completion of the transaction, the chairman now directly owns 733,315 shares of the company’s stock, valued at approximately $85,387,198.60. The disclosure for this sale can be found here. In the last three months, insiders sold 856,675 shares of company stock valued at $99,741,258. 0.26% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of PEP. Scotia Capital Inc. raised its position in shares of Pepsico by 16.1% in the fourth quarter. Scotia Capital Inc. now owns 240,476 shares of the company’s stock worth $25,172,000 after buying an additional 33,357 shares during the period. Roundview Capital LLC raised its position in shares of Pepsico by 5.6% in the fourth quarter. Roundview Capital LLC now owns 13,875 shares of the company’s stock worth $1,452,000 after buying an additional 735 shares during the period. Asset Management Group Inc. raised its position in shares of Pepsico by 2.1% in the fourth quarter. Asset Management Group Inc. now owns 79,557 shares of the company’s stock worth $8,324,000 after buying an additional 1,666 shares during the period. Silvercrest Asset Management Group LLC raised its position in shares of Pepsico by 0.3% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 201,748 shares of the company’s stock worth $21,108,000 after buying an additional 687 shares during the period. Finally, Girard Securities Inc. raised its position in shares of Pepsico by 9.7% in the fourth quarter. Girard Securities Inc. now owns 5,614 shares of the company’s stock worth $587,000 after buying an additional 498 shares during the period. 70.44% of the stock is owned by institutional investors and hedge funds.
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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