PepsiCo, Inc. to Post Q4 2024 Earnings of $2.00 Per Share, Wedbush Forecasts (NASDAQ:PEP)

PepsiCo, Inc. (NASDAQ:PEP) – Wedbush reduced their Q4 2024 earnings per share (EPS) estimates for PepsiCo in a report released on Wednesday, April 24th. Wedbush analyst G. Pascarelli now anticipates that the company will post earnings of $2.00 per share for the quarter, down from their previous forecast of $2.01. Wedbush currently has a “Outperform” rating and a $195.00 price target on the stock. The consensus estimate for PepsiCo’s current full-year earnings is $8.16 per share.

A number of other brokerages also recently issued reports on PEP. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. raised their price objective on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and raised their price objective for the company from $180.00 to $195.00 in a report on Monday, February 12th. Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. Finally, StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Trading Down 0.9 %

Shares of NASDAQ:PEP opened at $175.03 on Friday. PepsiCo has a 12-month low of $155.83 and a 12-month high of $196.88. The company has a market capitalization of $240.63 billion, a PE ratio of 26.32, a PEG ratio of 2.80 and a beta of 0.53. The business has a 50 day moving average of $169.22 and a two-hundred day moving average of $167.76. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis.

Hedge Funds Weigh In On PepsiCo

Several hedge funds have recently modified their holdings of PEP. LFA Lugano Financial Advisors SA boosted its position in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares during the last quarter. Fortis Group Advisors LLC lifted its position in shares of PepsiCo by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 97 shares during the last quarter. Life Planning Partners Inc acquired a new stake in shares of PepsiCo in the fourth quarter worth about $34,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of PepsiCo in the first quarter worth about $35,000. Finally, Naples Money Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter worth about $36,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Dividend Announcement

The firm also recently announced 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. This represents a $5.06 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s payout ratio is currently 76.09%.

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.