Q1 2018 Earnings Forecast for PepsiCo, Inc. Issued By Jefferies Group (PEP)

PepsiCo, Inc. (NASDAQ:PEP) – Research analysts at Jefferies Group issued their Q1 2018 earnings estimates for shares of PepsiCo in a note issued to investors on Tuesday. Jefferies Group analyst K. Grundy anticipates that the company will earn $0.97 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $113.00 target price on the stock. Jefferies Group also issued estimates for PepsiCo’s Q2 2018 earnings at $1.59 EPS, Q3 2018 earnings at $1.68 EPS, Q4 2018 earnings at $1.50 EPS, FY2018 earnings at $5.73 EPS, FY2019 earnings at $6.11 EPS and FY2020 earnings at $6.53 EPS.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.01. The business had revenue of $19.53 billion for the quarter, compared to analyst estimates of $19.40 billion. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 earnings per share.

Other equities analysts also recently issued reports about the stock. Deutsche Bank started coverage on shares of PepsiCo in a report on Wednesday, December 13th. They set a “buy” rating and a $132.00 target price on the stock. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a report on Tuesday, October 31st. Cowen restated a “buy” rating and set a $133.00 target price on shares of PepsiCo in a report on Tuesday, January 9th. SunTrust Banks started coverage on shares of PepsiCo in a report on Monday, January 29th. They set a “hold” rating and a $125.00 target price on the stock. Finally, BidaskClub downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $123.04.

Shares of PepsiCo (NASDAQ:PEP) opened at $109.11 on Thursday. The company has a market cap of $159,228.48, a price-to-earnings ratio of 32.38, a PEG ratio of 2.93 and a beta of 0.62. PepsiCo has a 1 year low of $104.77 and a 1 year high of $122.51. The company has a quick ratio of 1.21, a current ratio of 1.51 and a debt-to-equity ratio of 3.03.

Several hedge funds have recently added to or reduced their stakes in PEP. Amundi Pioneer Asset Management Inc. lifted its position in PepsiCo by 42.6% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 6,306,614 shares of the company’s stock worth $756,289,000 after purchasing an additional 1,882,971 shares during the period. Geode Capital Management LLC lifted its position in PepsiCo by 8.5% during the fourth quarter. Geode Capital Management LLC now owns 16,678,262 shares of the company’s stock worth $1,996,271,000 after purchasing an additional 1,305,279 shares during the period. Renaissance Technologies LLC lifted its position in PepsiCo by 18.1% during the fourth quarter. Renaissance Technologies LLC now owns 6,497,262 shares of the company’s stock worth $779,152,000 after purchasing an additional 996,562 shares during the period. Mackenzie Financial Corp lifted its position in PepsiCo by 120.5% during the fourth quarter. Mackenzie Financial Corp now owns 1,779,601 shares of the company’s stock worth $213,410,000 after purchasing an additional 972,517 shares during the period. Finally, Prudential Financial Inc. lifted its position in PepsiCo by 26.1% during the third quarter. Prudential Financial Inc. now owns 4,354,014 shares of the company’s stock worth $485,168,000 after purchasing an additional 899,911 shares during the period. Institutional investors and hedge funds own 70.03% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 2nd will be issued a $0.805 dividend. The ex-dividend date is Thursday, March 1st. This represents a $3.22 annualized dividend and a dividend yield of 2.95%. PepsiCo’s dividend payout ratio is currently 95.55%.

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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).

Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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