Q1 2018 EPS Estimates for PepsiCo, Inc. Reduced by SunTrust Banks (PEP)

PepsiCo, Inc. (NASDAQ:PEP) – Equities researchers at SunTrust Banks dropped their Q1 2018 earnings per share estimates for PepsiCo in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst W. Chappell now forecasts that the company will earn $0.92 per share for the quarter, down from their prior estimate of $0.99. SunTrust Banks has a “Hold” rating and a $115.00 price target on the stock. SunTrust Banks also issued estimates for PepsiCo’s Q2 2018 earnings at $1.53 EPS, Q3 2018 earnings at $1.69 EPS, Q4 2018 earnings at $1.56 EPS, FY2018 earnings at $5.70 EPS, Q1 2019 earnings at $1.03 EPS, Q2 2019 earnings at $1.67 EPS, Q3 2019 earnings at $1.83 EPS, Q4 2019 earnings at $1.68 EPS and FY2019 earnings at $6.21 EPS.

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

Other equities analysts also recently issued reports about the stock. Cowen restated a “buy” rating and set a $133.00 target price on shares of PepsiCo in a report on Tuesday, January 9th. 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. Deutsche Bank initiated 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. Jefferies Group restated a “hold” rating and set a $113.00 target price on shares of PepsiCo in a report on Thursday, January 4th. Finally, Stifel Nicolaus restated a “hold” rating and set a $120.00 target price on shares of PepsiCo in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $123.04.

Shares of PepsiCo (PEP) opened at $109.11 on Thursday. The stock has a market cap of $159,228.48, a P/E ratio of 32.38, a PEG ratio of 2.93 and a beta of 0.62. PepsiCo has a fifty-two week low of $104.77 and a fifty-two week 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.

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 of this dividend 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%.

Several large investors have recently added to or reduced their stakes in the business. Tompkins Financial Corp increased its holdings in shares of PepsiCo by 1.2% in the fourth quarter. Tompkins Financial Corp now owns 34,634 shares of the company’s stock valued at $4,153,000 after purchasing an additional 421 shares during the last quarter. Courier Capital LLC boosted its position in shares of PepsiCo by 0.6% in the fourth quarter. Courier Capital LLC now owns 72,638 shares of the company’s stock valued at $8,711,000 after acquiring an additional 430 shares during the period. Bremer Trust National Association boosted its position in shares of PepsiCo by 6.9% in the fourth quarter. Bremer Trust National Association now owns 6,763 shares of the company’s stock valued at $811,000 after acquiring an additional 435 shares during the period. Perkins Coie Trust Co boosted its position in shares of PepsiCo by 1.5% in the fourth quarter. Perkins Coie Trust Co now owns 29,180 shares of the company’s stock valued at $3,499,000 after acquiring an additional 435 shares during the period. Finally, Murphy Pohlad Asset Management LLC boosted its position in shares of PepsiCo by 2.7% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 17,363 shares of the company’s stock valued at $2,082,000 after acquiring an additional 450 shares during the period. Hedge funds and other institutional investors own 70.03% 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).

Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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