PepsiCo, Inc. (NASDAQ:PEP - Free Report) - Investment analysts at Wedbush decreased their Q2 2024 earnings estimates for PepsiCo in a research note issued to investors on Wednesday, April 24th. Wedbush analyst G. Pascarelli now forecasts that the company will earn $2.15 per share for the quarter, down from their previous forecast of $2.23. Wedbush has a "Outperform" rating and a $195.00 price objective on the stock. The consensus estimate for PepsiCo's current full-year earnings is $8.15 per share. Wedbush also issued estimates for PepsiCo's Q3 2024 earnings at $2.41 EPS, FY2024 earnings at $8.17 EPS, Q1 2025 earnings at $1.74 EPS, Q2 2025 earnings at $2.39 EPS, Q3 2025 earnings at $2.60 EPS and Q4 2025 earnings at $2.14 EPS.
PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.09. The business had revenue of $18.25 billion during the quarter, compared to analysts' expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company's revenue was up 2.3% on a year-over-year basis. During the same period last year, the company posted $1.50 EPS.
Other equities research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of PepsiCo from $181.00 to $184.00 and gave the stock a "hold" rating in a research note on Friday, February 9th. JPMorgan Chase & Co. upped their price target on shares of PepsiCo from $178.00 to $181.00 and gave the stock a "neutral" rating in a research note on Wednesday. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $180.00 price target on shares of PepsiCo in a research note 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 company a "buy" rating in a research note on Friday, April 5th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $187.42.
View Our Latest Analysis on PEP
PepsiCo Stock Down 0.4 %
Shares of NASDAQ:PEP traded down $0.73 during midday trading on Thursday, hitting $176.68. 7,436,495 shares of the company's stock traded hands, compared to its average volume of 5,872,530. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The company has a market cap of $242.85 billion, a PE ratio of 26.57, a P/E/G ratio of 2.69 and a beta of 0.53. The firm's fifty day moving average price is $169.22 and its two-hundred day moving average price is $167.76. PepsiCo has a twelve month low of $155.83 and a twelve month high of $196.88.
Institutional Investors Weigh In On PepsiCo
A number of large investors have recently made changes to their positions in the company. Cerity Partners LLC increased its stake in PepsiCo by 59.4% in the 4th quarter. Cerity Partners LLC now owns 993,567 shares of the company's stock valued at $168,747,000 after buying an additional 370,122 shares during the period. Harbour Capital Advisors LLC increased its stake in PepsiCo by 0.4% in the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company's stock valued at $4,747,000 after buying an additional 102 shares during the period. Meadow Creek Wealth Advisors LLC acquired a new position in PepsiCo in the 4th quarter valued at approximately $405,000. Manchester Capital Management LLC increased its stake in PepsiCo by 1.4% in the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company's stock valued at $2,243,000 after buying an additional 185 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC grew its position in PepsiCo by 34.5% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company's stock worth $2,091,000 after acquiring an additional 3,159 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.
PepsiCo Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.86%. PepsiCo's dividend payout ratio is currently 76.09%.
About PepsiCo
(
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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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