$19.50 Billion in Sales Expected for Pepsico, Inc. (PEP) This Quarter

Wall Street analysts expect Pepsico, Inc. (NYSE:PEP) to report $19.50 billion in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Pepsico’s earnings. The lowest sales estimate is $19.35 billion and the highest is $19.60 billion. Pepsico reported sales of $19.52 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.1%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, February 13th.

According to Zacks, analysts expect that Pepsico will report full year sales of $19.50 billion for the current financial year, with estimates ranging from $63.05 billion to $63.60 billion. For the next year, analysts anticipate that the business will post sales of $65.38 billion per share, with estimates ranging from $64.34 billion to $65.66 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Pepsico.

Pepsico (NYSE:PEP) last posted its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.05. The business had revenue of $16.24 billion for the quarter, compared to analysts’ expectations of $16.35 billion. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 EPS.

PEP has been the topic of a number of analyst reports. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research report on Tuesday, August 22nd. Cowen reissued a “buy” rating on shares of Pepsico in a research report on Sunday, September 17th. Susquehanna Bancshares reissued a “buy” rating and issued a $135.00 price target on shares of Pepsico in a research report on Monday, October 2nd. Deutsche Bank reissued a “buy” rating and issued a $122.00 price target (down from $125.00) on shares of Pepsico in a research report on Friday, October 6th. Finally, Jefferies Group cut Pepsico from a “buy” rating to a “hold” rating and dropped their price target for the stock from $133.00 to $108.00 in a research report on Monday, October 2nd. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $122.73.

Shares of Pepsico (PEP) opened at $119.22 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $167,841.31, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 3.32 and a beta of 0.68. Pepsico has a 12-month low of $101.06 and a 12-month high of $119.39.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.805 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.22 dividend on an annualized basis and a yield of 2.70%. Pepsico’s dividend payout ratio is presently 66.53%.

In other Pepsico news, insider Ramon Laguarta sold 21,449 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total transaction of $2,370,328.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Parametric Portfolio Associates LLC boosted its holdings in Pepsico by 6.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 4,305,202 shares of the company’s stock worth $479,729,000 after buying an additional 252,048 shares during the period. Shelton Capital Management boosted its holdings in Pepsico by 2.6% in the 3rd quarter. Shelton Capital Management now owns 58,994 shares of the company’s stock worth $6,574,000 after buying an additional 1,469 shares during the period. Burgundy Asset Management Ltd. boosted its holdings in Pepsico by 0.4% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 2,255,520 shares of the company’s stock worth $251,333,000 after buying an additional 8,156 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in Pepsico by 232.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,448 shares of the company’s stock worth $718,000 after buying an additional 4,506 shares during the period. Finally, Institutional & Family Asset Management LLC boosted its holdings in Pepsico by 2.3% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 35,998 shares of the company’s stock worth $4,011,000 after buying an additional 820 shares during the period. Institutional investors and hedge funds own 70.50% of the company’s stock.

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Pepsico Company Profile

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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Earnings History and Estimates for Pepsico (NYSE:PEP)

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