Equities Analysts Offer Predictions for PepsiCo, Inc.'s Q4 2024 Earnings (NASDAQ:PEP)

PepsiCo, Inc. (NASDAQ:PEP - Free Report) - Equities researchers at Wedbush lowered their Q4 2024 earnings per share estimates for PepsiCo in a research report issued on Wednesday, April 24th. Wedbush analyst G. Pascarelli now forecasts that the company will earn $2.00 per share for the quarter, down from their prior estimate of $2.01. Wedbush has a "Outperform" rating and a $195.00 price target on the stock. The consensus estimate for PepsiCo's current full-year earnings is $8.16 per share.

PEP has been the topic of a number of other reports. Morgan Stanley upgraded PepsiCo from an "equal weight" rating to an "overweight" rating and set a $190.00 target price on the stock in a research report on Monday, March 18th. StockNews.com downgraded PepsiCo from a "buy" rating to a "hold" rating in a research report on Monday, February 12th. Barclays upped their price objective on PepsiCo from $184.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday. Royal Bank of Canada restated a "sector perform" rating and set a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. Finally, JPMorgan Chase & Co. upped their price objective on PepsiCo from $178.00 to $181.00 and gave the company a "neutral" rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $187.42.

PepsiCo Price Performance

Shares of NASDAQ PEP traded down $1.10 during mid-day trading on Friday, reaching $175.58. The company's stock had a trading volume of 4,471,941 shares, compared to its average volume of 5,855,305. The firm has a market capitalization of $241.39 billion, a PE ratio of 26.40, a P/E/G ratio of 2.80 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The stock has a fifty day moving average of $169.40 and a two-hundred day moving average of $167.86. PepsiCo has a 52 week low of $155.83 and a 52 week high of $196.88.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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 firm had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 earnings per share.

Hedge Funds Weigh In On PepsiCo

Several hedge funds have recently made changes to their positions in PEP. LFA Lugano Financial Advisors SA lifted its position in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company's stock valued at $27,000 after acquiring an additional 70 shares during the period. Fortis Group Advisors LLC lifted its stake in 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 buying an additional 97 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in PepsiCo in the 1st quarter valued at approximately $35,000. Life Planning Partners Inc acquired a new position in PepsiCo in the 4th quarter valued at $34,000. Finally, Naples Money Management LLC acquired a new position in PepsiCo in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo's payout ratio is 76.09%.

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.