Wall Street analysts predict that PepsiCo, Inc. (NASDAQ:PEP) will announce sales of $12.41 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for PepsiCo’s earnings. The lowest sales estimate is $12.29 billion and the highest is $12.50 billion. PepsiCo reported sales of $12.05 billion during the same quarter last year, which would suggest a positive year over year growth rate of 3%. The business is expected to announce its next earnings results on Wednesday, April 25th.
On average, analysts expect that PepsiCo will report full-year sales of $12.41 billion for the current fiscal year, with estimates ranging from $64.96 billion to $65.69 billion. For the next fiscal year, analysts forecast that the company will post sales of $67.40 billion per share, with estimates ranging from $66.59 billion to $67.85 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover PepsiCo.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.30 by $0.01. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. The firm had revenue of $19.53 billion during the quarter, compared to the consensus estimate of $19.40 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. PepsiCo’s revenue for the quarter was up .1% on a year-over-year basis.
PepsiCo (NASDAQ:PEP) traded down $0.99 during mid-day trading on Friday, reaching $112.61. 4,055,646 shares of the company traded hands, compared to its average volume of 4,930,000. PepsiCo has a 1 year low of $106.19 and a 1 year high of $122.51. The stock has a market cap of $159,900.00, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 2.68 and a beta of 0.69. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.37 and a current ratio of 1.51.
PepsiCo declared that its board has authorized a share buyback program on Tuesday, February 13th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.805 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.86%. PepsiCo’s dividend payout ratio (DPR) is presently 63.26%.
Large investors have recently bought and sold shares of the company. Wagner Wealth Management LLC acquired a new position in shares of PepsiCo during the 4th quarter worth $109,000. Certified Advisory Corp acquired a new stake in PepsiCo in the 4th quarter valued at about $134,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in PepsiCo in the 4th quarter valued at about $140,000. Avestar Capital LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $154,000. Finally, Rational Advisors LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $168,000. 70.93% of the stock is currently owned by institutional investors and hedge funds.
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PepsiCo Company Profile
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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