$1.30 EPS Expected for Pepsico, Inc. (PEP) This Quarter

Brokerages predict that Pepsico, Inc. (NYSE:PEP) will report $1.30 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Pepsico’s earnings. The highest EPS estimate is $1.31 and the lowest is $1.29. Pepsico posted earnings per share of $1.20 in the same quarter last year, which would suggest a positive year over year growth rate of 8.3%. The business is expected to announce its next earnings report on Wednesday, February 21st.

On average, analysts expect that Pepsico will report full-year earnings of $5.22 per share for the current year, with EPS estimates ranging from $5.20 to $5.23. For the next fiscal year, analysts anticipate that the company will post earnings of $5.60 per share, with EPS estimates ranging from $5.55 to $5.64. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Pepsico.

Pepsico (NYSE:PEP) last posted its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.05. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The firm had revenue of $16.24 billion for the quarter, compared to the consensus estimate of $16.35 billion. During the same quarter in the previous year, the company earned $1.40 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year.

Several research firms have weighed in on PEP. Zacks Investment Research cut Pepsico from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $133.00 price objective (down previously from $134.00) on shares of Pepsico in a research report on Thursday, July 6th. BidaskClub upgraded Pepsico from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. BMO Capital Markets reiterated a “hold” rating and set a $120.00 price objective on shares of Pepsico in a research report on Wednesday, September 6th. Finally, Cowen and Company reiterated a “buy” rating on shares of Pepsico in a research report on Sunday, September 17th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $121.35.

Shares of Pepsico (NYSE PEP) opened at 111.95 on Thursday. Pepsico has a 1-year low of $98.50 and a 1-year high of $119.39. The firm has a market cap of $159.21 billion, a P/E ratio of 23.13 and a beta of 0.68. The firm’s 50-day moving average is $112.98 and its 200-day moving average is $114.74.

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In related news, CEO Indra K. Nooyi sold 340,449 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $116.42, for a total value of $39,635,072.58. Following the sale, the chief executive officer now directly owns 733,315 shares of the company’s stock, valued at $85,372,532.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Indra K. Nooyi sold 452,830 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $116.44, for a total value of $52,727,525.20. Following the completion of the sale, the chairman now directly owns 733,315 shares in the company, valued at $85,387,198.60. The disclosure for this sale can be found here. Insiders sold 919,613 shares of company stock worth $106,956,258 over the last ninety days. 0.26% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Pepsico by 2.4% during the second quarter. Vanguard Group Inc. now owns 112,083,751 shares of the company’s stock valued at $12,944,553,000 after purchasing an additional 2,635,738 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Pepsico by 2.5% during the second quarter. Ameriprise Financial Inc. now owns 12,699,308 shares of the company’s stock valued at $1,466,839,000 after purchasing an additional 306,675 shares in the last quarter. FMR LLC boosted its stake in shares of Pepsico by 8.3% during the second quarter. FMR LLC now owns 8,043,420 shares of the company’s stock valued at $928,934,000 after purchasing an additional 618,813 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Pepsico by 3.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 7,781,835 shares of the company’s stock valued at $898,725,000 after purchasing an additional 238,221 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Pepsico by 7.0% during the second quarter. Alliancebernstein L.P. now owns 6,568,054 shares of the company’s stock valued at $758,545,000 after purchasing an additional 428,728 shares in the last quarter. 70.31% of the stock is currently owned by hedge funds and other institutional investors.

Pepsico Company Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

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Earnings History and Estimates for Pepsico (NYSE:PEP)

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