PepsiCo, Inc. to Post Q3 2024 Earnings of $2.40 Per Share, Zacks Research Forecasts (NASDAQ:PEP)

PepsiCo, Inc. (NASDAQ:PEP - Free Report) - Stock analysts at Zacks Research lowered their Q3 2024 earnings per share estimates for PepsiCo in a research note issued to investors on Tuesday, May 7th. Zacks Research analyst R. Lohia now expects that the company will post earnings per share of $2.40 for the quarter, down from their previous forecast of $2.41. The consensus estimate for PepsiCo's current full-year earnings is $8.16 per share. Zacks Research also issued estimates for PepsiCo's Q1 2025 earnings at $1.74 EPS and FY2025 earnings at $8.81 EPS.

PEP has been the subject of a number of other reports. Barclays upped their price target on shares of PepsiCo from $184.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, April 25th. Argus downgraded PepsiCo from a "buy" rating to a "hold" rating in a report on Wednesday, April 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. Citigroup upgraded shares of PepsiCo from a "neutral" rating to a "buy" rating and upped their target price for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Finally, JPMorgan Chase & Co. lifted 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, April 24th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $187.42.

PepsiCo Trading Up 1.0 %

PEP traded up $1.73 on Friday, reaching $179.79. 4,201,635 shares of the company's stock were exchanged, compared to its average volume of 5,273,111. The company has a market cap of $247.17 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 2.87 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. PepsiCo has a twelve month low of $155.83 and a twelve month high of $196.88. The company's 50 day moving average is $170.96 and its 200-day moving average is $168.82.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to analysts' expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.50 earnings per share.

Hedge Funds Weigh In On PepsiCo

Several institutional investors have recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA grew its position in PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company's stock valued at $27,000 after buying an additional 70 shares in the last quarter. Valued Wealth Advisors LLC raised its stake in shares of PepsiCo by 77.5% in the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company's stock worth $28,000 after buying an additional 69 shares in the last quarter. Fortis Group Advisors LLC boosted its stake in PepsiCo by 100.0% during the fourth 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. Life Planning Partners Inc bought a new stake in PepsiCo in the fourth quarter worth about $34,000. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in PepsiCo in the 1st quarter valued at about $35,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders 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 3.01%. This is a boost 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 is 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.