PepsiCo (NASDAQ:PEP – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.09, Briefing.com reports. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter in the prior year, the company posted $1.50 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. PepsiCo updated its FY24 guidance to at least $8.15 EPS and its FY 2024 guidance to 8.150- EPS.
PepsiCo Stock Up 0.9 %
NASDAQ:PEP traded up $1.57 on Wednesday, reaching $172.79. 1,509,070 shares of the stock traded hands, compared to its average volume of 5,741,488. The company has a market capitalization of $237.50 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 2.77 and a beta of 0.53. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. PepsiCo has a 12 month low of $155.83 and a 12 month high of $196.88. The company’s fifty day simple moving average is $168.84 and its 200 day simple moving average is $167.63.
PepsiCo Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.93%. PepsiCo’s dividend payout ratio is currently 77.02%.
Analysts Set New Price Targets
Read Our Latest Report on PepsiCo
PepsiCo Company Profile
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.
See Also
- Five stocks we like better than PepsiCo
- What are earnings reports?
- Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost
- How to Calculate Options Profits
- GE Aerospace is Ready for Liftoff After Strong Earnings
- Following Congress Stock Trades
- The Bottom is in For Tesla: Read This Before Buying the Bounce
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.