PepsiCo (NASDAQ:PEP) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

PepsiCo (NASDAQ:PEP - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09, Zacks reports. The business had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $2.28 earnings per share. PepsiCo updated its FY 2025 guidance to 8.038-8.038 EPS.

PepsiCo Trading Down 1.5%

NASDAQ:PEP traded down $2.20 on Friday, hitting $143.24. The stock had a trading volume of 13,738,009 shares, compared to its average volume of 7,227,961. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The stock has a market cap of $196.39 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 4.23 and a beta of 0.45. The company has a fifty day moving average price of $131.97 and a two-hundred day moving average price of $141.24. PepsiCo has a 1-year low of $127.60 and a 1-year high of $180.91.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.97%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. PepsiCo's payout ratio is presently 83.68%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent analyst reports. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a report on Thursday. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. Barclays cut their price objective on shares of PepsiCo from $135.00 to $132.00 and set an "equal weight" rating for the company in a report on Tuesday. Morgan Stanley lifted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday. Finally, Bank of America cut their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus price target of $159.50.

Institutional Investors Weigh In On PepsiCo

A hedge fund recently bought a new stake in PepsiCo stock. Caxton Associates LLP purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,673 shares of the company's stock, valued at approximately $251,000. 73.07% of the stock is currently owned by institutional investors.

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.