Brokerages predict that PepsiCo, Inc. (NASDAQ:PEP) will report sales of $16.42 billion for the current fiscal quarter, according to Zacks. Five analysts have made estimates for PepsiCo’s earnings. The highest sales estimate is $16.56 billion and the lowest is $16.30 billion. PepsiCo posted sales of $16.09 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 2.1%. The company is scheduled to report its next earnings results before the market opens on Tuesday, July 9th.

On average, analysts expect that PepsiCo will report full-year sales of $66.52 billion for the current fiscal year, with estimates ranging from $65.56 billion to $66.98 billion. For the next financial year, analysts anticipate that the business will report sales of $69.22 billion, with estimates ranging from $67.90 billion to $69.86 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow PepsiCo.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, April 17th. The company reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.05. The business had revenue of $12.88 billion during the quarter, compared to the consensus estimate of $12.68 billion. PepsiCo had a return on equity of 65.12% and a net margin of 19.37%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 EPS.

Several research analysts recently commented on PEP shares. Gabelli reissued a “buy” rating on shares of PepsiCo in a research note on Tuesday, February 19th. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Argus reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, April 18th. Bank of America increased their price objective on PepsiCo from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $124.65.

In other news, Chairman Ramon Laguarta sold 15,431 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $129.43, for a total transaction of $1,997,234.33. Following the completion of the transaction, the chairman now directly owns 232,394 shares in the company, valued at approximately $30,078,755.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Vivek Sankaran sold 13,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $117.28, for a total value of $1,524,640.00. Following the transaction, the chief executive officer now owns 90,379 shares of the company’s stock, valued at $10,599,649.12. The disclosure for this sale can be found here. Insiders sold a total of 61,494 shares of company stock valued at $7,698,345 over the last ninety days. Corporate insiders own 0.28% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in PepsiCo by 6.9% in the third quarter. Brighton Jones LLC now owns 13,633 shares of the company’s stock valued at $1,524,000 after purchasing an additional 882 shares in the last quarter. Edgestream Partners L.P. bought a new stake in PepsiCo in the third quarter valued at $306,000. Destination Wealth Management increased its stake in PepsiCo by 3.2% in the third quarter. Destination Wealth Management now owns 45,080 shares of the company’s stock valued at $5,040,000 after purchasing an additional 1,418 shares in the last quarter. Associated Banc Corp increased its stake in PepsiCo by 0.5% in the third quarter. Associated Banc Corp now owns 182,457 shares of the company’s stock valued at $20,399,000 after purchasing an additional 835 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its stake in PepsiCo by 54.7% in the third quarter. Candriam Luxembourg S.C.A. now owns 235,323 shares of the company’s stock valued at $26,309,000 after purchasing an additional 83,190 shares in the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.

NASDAQ PEP traded up $1.12 during mid-day trading on Friday, hitting $130.17. The stock had a trading volume of 143,061 shares, compared to its average volume of 4,962,008. PepsiCo has a twelve month low of $99.43 and a twelve month high of $130.87. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.75 and a current ratio of 0.94. The company has a market cap of $182.95 billion, a P/E ratio of 22.97, a P/E/G ratio of 3.39 and a beta of 0.66.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.955 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This is an increase from PepsiCo’s previous quarterly dividend of $0.93. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.93%. PepsiCo’s dividend payout ratio (DPR) is 65.55%.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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