Q2 2024 EPS Estimates for PepsiCo, Inc. Cut by Analyst (NASDAQ:PEP)

PepsiCo, Inc. (NASDAQ:PEP) – Research analysts at Zacks Research dropped their Q2 2024 earnings estimates for PepsiCo in a report issued on Tuesday, May 7th. Zacks Research analyst R. Lohia now expects that the company will post earnings per share of $2.15 for the quarter, down from their prior forecast of $2.22. The consensus estimate for PepsiCo’s current full-year earnings is $8.16 per share. Zacks Research also issued estimates for PepsiCo’s Q2 2025 earnings at $2.36 EPS, Q3 2025 earnings at $2.57 EPS, Q4 2025 earnings at $2.14 EPS, Q1 2026 earnings at $1.88 EPS and FY2026 earnings at $9.42 EPS.

Other equities analysts have also issued reports about the stock. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research note on Monday, February 12th. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research note on Monday, March 18th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Finally, Jefferies Financial Group increased their target price on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo has an average rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Price Performance

Shares of PEP stock opened at $177.41 on Thursday. PepsiCo has a 1 year low of $155.83 and a 1 year high of $196.88. The firm’s 50 day moving average is $170.49 and its 200-day moving average is $168.70. The firm has a market capitalization of $243.90 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.87 and a beta of 0.52. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same quarter in the previous year, the company posted $1.50 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year.

Institutional Investors Weigh In On PepsiCo

A number of hedge funds and other institutional investors have recently made changes to their positions in PEP. LFA Lugano Financial Advisors SA grew its position in PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares in the last quarter. Valued Wealth Advisors LLC grew its position in shares of PepsiCo by 77.5% in the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after acquiring an additional 69 shares during the period. Fortis Group Advisors LLC grew its position in shares of PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 97 shares during the period. Life Planning Partners Inc bought a new position in shares of PepsiCo in the 4th quarter valued at about $34,000. Finally, Kathleen S. Wright Associates Inc. bought a new position in shares of PepsiCo in the 1st quarter valued at about $35,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.06%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.