PepsiCo, Inc. (NASDAQ:PEP) Forecasted to Post Q4 2023 Earnings of $1.70 Per Share

Posted by Defense World Staff on Jul 13th, 2023

PepsiCo, Inc. (NASDAQ:PEP – Free Report) – Analysts at Wedbush dropped their Q4 2023 earnings per share estimates for PepsiCo in a report released on Tuesday, July 11th. Wedbush analyst G. Pascarelli now anticipates that the company will post earnings per share of $1.70 for the quarter, down from their prior estimate of $1.71. The consensus estimate for PepsiCo’s current full-year earnings is $7.29 per share. Wedbush also issued estimates for PepsiCo’s Q2 2024 earnings at $2.12 EPS and Q4 2024 earnings at $1.85 EPS.

Other research analysts have also recently issued reports about the stock. Barclays lowered their target price on shares of PepsiCo from $206.00 to $198.00 in a report on Monday. Sanford C. Bernstein raised PepsiCo from an “underperform” rating to a “market perform” rating in a report on Monday, March 20th. Deutsche Bank Aktiengesellschaft upped their price target on shares of PepsiCo from $188.00 to $193.00 in a report on Wednesday, April 26th. JPMorgan Chase & Co. upped their price target on shares of PepsiCo from $190.00 to $196.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. Finally, StockNews.com assumed coverage on shares of PepsiCo in a report on Thursday, May 18th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $189.58.

PepsiCo Stock Down 0.4 %

Shares of PEP opened at $183.17 on Wednesday. PepsiCo has a 12 month low of $160.98 and a 12 month high of $196.88. The firm’s 50 day moving average is $185.98 and its 200-day moving average is $182.09. The stock has a market capitalization of $252.35 billion, a PE ratio of 38.56, a P/E/G ratio of 3.22 and a beta of 0.53. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 2.18.

PepsiCo (NASDAQ:PEP – Get Free Report) last posted its earnings results on Tuesday, April 25th. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.13. PepsiCo had a return on equity of 53.68% and a net margin of 7.48%. The company had revenue of $17.85 billion during the quarter, compared to the consensus estimate of $17.27 billion. During the same quarter last year, the firm earned $1.29 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 2nd were issued a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Thursday, June 1st. This is a positive change from PepsiCo’s previous quarterly dividend of $1.15. PepsiCo’s dividend payout ratio (DPR) is 106.53%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PEP. Richwood Investment Advisors LLC lifted its stake in PepsiCo by 0.8% during the 1st quarter. Richwood Investment Advisors LLC now owns 6,826 shares of the company’s stock worth $1,244,000 after acquiring an additional 55 shares in the last quarter. German American Bancorp Inc. grew its stake in PepsiCo by 3.2% during the 1st quarter. German American Bancorp Inc. now owns 1,754 shares of the company’s stock worth $320,000 after purchasing an additional 55 shares in the last quarter. Smith Anglin Financial LLC grew its stake in PepsiCo by 0.7% during the 2nd quarter. Smith Anglin Financial LLC now owns 7,966 shares of the company’s stock worth $1,475,000 after purchasing an additional 55 shares in the last quarter. Adamsbrown Wealth Consultants LLC grew its stake in PepsiCo by 0.8% during the 1st quarter. Adamsbrown Wealth Consultants LLC now owns 6,646 shares of the company’s stock worth $1,212,000 after purchasing an additional 56 shares in the last quarter. Finally, Proquility Private Wealth Partners LLC lifted its stake in PepsiCo by 1.1% in the fourth quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock worth $950,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 75.46% of the company’s stock.

PepsiCo Company Profile

(Get Free Report)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.