PepsiCo, Inc. (NASDAQ:PEP) – Research analysts at Jefferies Group issued their Q1 2018 earnings estimates for shares of PepsiCo in a note issued to investors on Tuesday. Jefferies Group analyst K. Grundy anticipates that the company will earn $0.97 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $113.00 target price on the stock. Jefferies Group also issued estimates for PepsiCo’s Q2 2018 earnings at $1.59 EPS, Q3 2018 earnings at $1.68 EPS, Q4 2018 earnings at $1.50 EPS, FY2018 earnings at $5.73 EPS, FY2019 earnings at $6.11 EPS and FY2020 earnings at $6.53 EPS.
PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.01. The business had revenue of $19.53 billion for the quarter, compared to analyst estimates of $19.40 billion. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 earnings per share.
Shares of PepsiCo (NASDAQ:PEP) opened at $109.11 on Thursday. The company has a market cap of $159,228.48, a price-to-earnings ratio of 32.38, a PEG ratio of 2.93 and a beta of 0.62. PepsiCo has a 1 year low of $104.77 and a 1 year high of $122.51. The company has a quick ratio of 1.21, a current ratio of 1.51 and a debt-to-equity ratio of 3.03.
Several hedge funds have recently added to or reduced their stakes in PEP. Amundi Pioneer Asset Management Inc. lifted its position in PepsiCo by 42.6% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 6,306,614 shares of the company’s stock worth $756,289,000 after purchasing an additional 1,882,971 shares during the period. Geode Capital Management LLC lifted its position in PepsiCo by 8.5% during the fourth quarter. Geode Capital Management LLC now owns 16,678,262 shares of the company’s stock worth $1,996,271,000 after purchasing an additional 1,305,279 shares during the period. Renaissance Technologies LLC lifted its position in PepsiCo by 18.1% during the fourth quarter. Renaissance Technologies LLC now owns 6,497,262 shares of the company’s stock worth $779,152,000 after purchasing an additional 996,562 shares during the period. Mackenzie Financial Corp lifted its position in PepsiCo by 120.5% during the fourth quarter. Mackenzie Financial Corp now owns 1,779,601 shares of the company’s stock worth $213,410,000 after purchasing an additional 972,517 shares during the period. Finally, Prudential Financial Inc. lifted its position in PepsiCo by 26.1% during the third quarter. Prudential Financial Inc. now owns 4,354,014 shares of the company’s stock worth $485,168,000 after purchasing an additional 899,911 shares during the period. Institutional investors and hedge funds own 70.03% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 2nd will be issued a $0.805 dividend. The ex-dividend date is Thursday, March 1st. This represents a $3.22 annualized dividend and a dividend yield of 2.95%. PepsiCo’s dividend payout ratio is currently 95.55%.
COPYRIGHT VIOLATION WARNING: “Q1 2018 Earnings Forecast for PepsiCo, Inc. Issued By Jefferies Group (PEP)” was originally published by Week Herald and is the property of of Week Herald. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://weekherald.com/2018/02/15/q1-2018-earnings-forecast-for-pepsico-inc-issued-by-jefferies-group-pep.html.
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).
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.