PepsiCo (NASDAQ:PEP) Issues FY 2024 Earnings Guidance

PepsiCo (NASDAQ:PEP) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 8.150- for the period, compared to the consensus EPS estimate of 8.150. The company issued revenue guidance of -. PepsiCo also updated its FY24 guidance to at least $8.15 EPS.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barclays lifted their target price on shares of PepsiCo from $184.00 to $185.00 and gave the company an overweight rating in a report on Thursday. Citigroup upgraded shares of PepsiCo from a neutral rating to a buy rating and upped their price objective for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Royal Bank of Canada reissued a sector perform rating and set a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of PepsiCo from $181.00 to $184.00 and gave the stock a hold rating in a research note on Friday, February 9th. Finally, JPMorgan Chase & Co. lifted their target price on PepsiCo from $178.00 to $181.00 and gave the company a neutral rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $187.42.

PepsiCo Stock Up 0.2 %

NASDAQ:PEP traded up $0.29 on Friday, hitting $176.97. The stock had a trading volume of 834,267 shares, compared to its average volume of 5,808,062. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. PepsiCo has a 52 week low of $155.83 and a 52 week high of $196.88. The business’s fifty day moving average is $169.22 and its 200 day moving average is $167.76. The company has a market cap of $243.30 billion, a PE ratio of 26.32, a P/E/G ratio of 2.80 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter last year, the firm earned $1.50 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities research analysts expect that PepsiCo will post 8.16 EPS for the current fiscal year.

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 given 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 2.86%. PepsiCo’s dividend payout ratio is presently 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.