PepsiCo (PEP) Projected to Post Earnings on Thursday

PepsiCo (NASDAQ:PEP - Get Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, April 24th. Analysts expect PepsiCo to post earnings of $1.52 per share and revenue of $17.81 billion for the quarter. Parties that wish to register for the company's conference call can do so using this link.

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PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the prior year, the firm earned $1.78 EPS. The firm's quarterly revenue was down .2% compared to the same quarter last year. On average, analysts expect PepsiCo to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $140.09 on Thursday. The company has a market capitalization of $192.11 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 3.09 and a beta of 0.49. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo has a 1-year low of $138.33 and a 1-year high of $183.41. The business has a 50-day moving average of $148.25 and a 200-day moving average of $155.32.

PepsiCo Dividend Announcement

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The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is 77.99%.

Hedge Funds Weigh In On PepsiCo

An institutional investor recently raised its position in PepsiCo stock. Brighton Jones LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,392 shares of the company's stock after acquiring an additional 6,574 shares during the period. Brighton Jones LLC's holdings in PepsiCo were worth $9,031,000 at the end of the most recent reporting period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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Several research analysts have recently weighed in on PEP shares. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Piper Sandler assumed coverage on PepsiCo in a research note on Tuesday, January 7th. They set an "overweight" rating and a $171.00 target price for the company. Royal Bank of Canada assumed coverage on PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price target on the stock. HSBC lowered their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. Finally, UBS Group cut their target price on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $168.12.

Get Our Latest Report on PEP

PepsiCo Company Profile

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.

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