Zacks: Brokerages Anticipate PepsiCo, Inc. (NASDAQ:PEP) Will Announce Quarterly Sales of $13.31 Billion

Equities research analysts expect that PepsiCo, Inc. (NASDAQ:PEP) will post sales of $13.31 billion for the current quarter, according to Zacks. Two analysts have provided estimates for PepsiCo’s earnings. The highest sales estimate is $13.31 billion and the lowest is $13.30 billion. PepsiCo posted sales of $12.88 billion during the same quarter last year, which suggests a positive year over year growth rate of 3.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, April 15th.

According to Zacks, analysts expect that PepsiCo will report full-year sales of $69.93 billion for the current year, with estimates ranging from $69.05 billion to $71.31 billion. For the next year, analysts anticipate that the firm will report sales of $72.78 billion, with estimates ranging from $71.54 billion to $74.27 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover PepsiCo.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, February 13th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.01. The company had revenue of $20.64 billion during the quarter, compared to the consensus estimate of $20.24 billion. PepsiCo had a net margin of 10.89% and a return on equity of 54.16%. PepsiCo’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.49 EPS.

Several research firms have commented on PEP. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Citigroup increased their price objective on shares of PepsiCo from $143.00 to $157.00 and gave the company a “neutral” rating in a report on Friday. SunTrust Banks upped their target price on shares of PepsiCo to and gave the company a “hold” rating in a research report on Friday. Evercore ISI restated a “hold” rating on shares of PepsiCo in a research report on Sunday. Finally, BidaskClub upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, January 25th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $137.95.

PepsiCo stock traded up $0.52 during mid-day trading on Friday, hitting $146.99. The stock had a trading volume of 3,555,977 shares, compared to its average volume of 3,677,082. The firm’s 50 day moving average is $140.23 and its 200 day moving average is $136.19. PepsiCo has a one year low of $114.11 and a one year high of $147.15. The firm has a market capitalization of $204.25 billion, a P/E ratio of 28.32, a P/E/G ratio of 3.95 and a beta of 0.53. The company has a current ratio of 0.86, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be paid a dividend of $0.955 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.60%. PepsiCo’s dividend payout ratio is presently 69.08%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cortland Associates Inc. MO boosted its holdings in PepsiCo by 4.3% in the 4th quarter. Cortland Associates Inc. MO now owns 1,719 shares of the company’s stock valued at $235,000 after purchasing an additional 71 shares during the last quarter. HCR Wealth Advisors boosted its holdings in PepsiCo by 1.7% in the 4th quarter. HCR Wealth Advisors now owns 4,325 shares of the company’s stock valued at $591,000 after purchasing an additional 71 shares during the last quarter. Lucia Wealth Services LLC boosted its holdings in PepsiCo by 26.8% in the 4th quarter. Lucia Wealth Services LLC now owns 350 shares of the company’s stock valued at $48,000 after purchasing an additional 74 shares during the last quarter. First Bank & Trust boosted its holdings in PepsiCo by 0.5% in the 3rd quarter. First Bank & Trust now owns 14,552 shares of the company’s stock valued at $1,995,000 after purchasing an additional 75 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH boosted its holdings in PepsiCo by 0.5% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 15,628 shares of the company’s stock valued at $2,136,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 71.49% of the company’s stock.

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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