PepsiCo (NASDAQ:PEP) Posts Earnings Results, Misses Estimates By $0.01 EPS

PepsiCo (NASDAQ:PEP - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01), Zacks reports. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the business earned $1.61 EPS. The business's revenue for the quarter was down 1.8% on a year-over-year basis. PepsiCo updated its FY 2025 guidance to 7.920-7.920 EPS.

PepsiCo Stock Performance

NASDAQ:PEP traded up $0.38 during mid-day trading on Monday, hitting $133.76. The stock had a trading volume of 8,489,501 shares, compared to its average volume of 6,162,030. The company's 50 day simple moving average is $147.70 and its 200 day simple moving average is $153.66. The stock has a market cap of $183.43 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 3.09 and a beta of 0.49. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo has a twelve month low of $131.80 and a twelve month high of $183.41.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 4.05%. PepsiCo's dividend payout ratio is presently 79.71%.

Institutional Trading of PepsiCo

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

Analysts Set New Price Targets

PEP has been the subject of several analyst reports. Citigroup decreased their target price on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday. Barclays dropped their price objective on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Monday. BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Bank of America dropped their target price on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday. Finally, Evercore ISI set a $140.00 price objective on shares of PepsiCo in a report on Thursday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $160.69.

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.