$16.42 Billion in Sales Expected for PepsiCo, Inc. (NASDAQ:PEP) This Quarter

Wall Street brokerages predict that PepsiCo, Inc. (NASDAQ:PEP) will report sales of $16.42 billion for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for PepsiCo’s earnings. The highest sales estimate is $16.56 billion and the lowest is $16.30 billion. PepsiCo posted sales of $16.09 billion during the same quarter last year, which would indicate a positive year over year growth rate of 2.1%. The company is scheduled to report its next earnings results before the market opens on Tuesday, July 9th.

According to Zacks, analysts expect that PepsiCo will report full-year sales of $66.52 billion for the current fiscal year, with estimates ranging from $65.56 billion to $66.98 billion. For the next financial year, analysts anticipate that the firm will post sales of $69.22 billion, with estimates ranging from $67.90 billion to $69.86 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for PepsiCo.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, April 17th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.92 by $0.05. PepsiCo had a net margin of 19.37% and a return on equity of 65.12%. The company had revenue of $12.88 billion during the quarter, compared to analysts’ expectations of $12.68 billion. During the same quarter in the previous year, the business posted $0.96 EPS. The firm’s revenue was up 2.6% on a year-over-year basis.

Several research analysts have recently issued reports on PEP shares. ValuEngine upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Goldman Sachs Group upgraded shares of PepsiCo from a “sell” rating to a “neutral” rating and upped their target price for the company from $111.00 to $132.00 in a report on Thursday, April 18th. Jefferies Financial Group upped their target price on shares of PepsiCo to $119.00 and gave the company a “hold” rating in a report on Tuesday, February 19th. They noted that the move was a valuation call. Zacks Investment Research cut shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Finally, Bank of America upped their target price on shares of PepsiCo from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $124.65.

In other PepsiCo news, Chairman Ramon Laguarta sold 15,431 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $129.43, for a total transaction of $1,997,234.33. Following the completion of the transaction, the chairman now owns 232,394 shares in the company, valued at approximately $30,078,755.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Marie T. Gallagher sold 7,800 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $125.99, for a total transaction of $982,722.00. Following the transaction, the senior vice president now owns 55,665 shares of the company’s stock, valued at approximately $7,013,233.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,494 shares of company stock valued at $6,173,705. 0.28% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in PEP. Thor Advisors LLC acquired a new position in shares of PepsiCo during the 1st quarter worth $70,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of PepsiCo by 78.5% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 11,660 shares of the company’s stock worth $1,429,000 after purchasing an additional 5,127 shares during the period. Belpointe Asset Management LLC grew its stake in shares of PepsiCo by 29.3% during the 1st quarter. Belpointe Asset Management LLC now owns 23,603 shares of the company’s stock worth $2,892,000 after purchasing an additional 5,355 shares during the period. Princeton Global Asset Management LLC grew its stake in shares of PepsiCo by 114.6% during the 1st quarter. Princeton Global Asset Management LLC now owns 2,210 shares of the company’s stock worth $270,000 after purchasing an additional 1,180 shares during the period. Finally, Diversified Trust Co grew its stake in shares of PepsiCo by 1.1% during the 1st quarter. Diversified Trust Co now owns 10,092 shares of the company’s stock worth $1,237,000 after purchasing an additional 113 shares during the period. Institutional investors own 70.91% of the company’s stock.

NASDAQ PEP traded down $0.21 on Friday, hitting $132.73. 2,160,743 shares of the stock were exchanged, compared to its average volume of 4,854,724. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 1.99. PepsiCo has a fifty-two week low of $104.53 and a fifty-two week high of $134.71. The stock has a market capitalization of $186.64 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 3.46 and a beta of 0.62.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a $0.955 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $3.82 annualized dividend and a yield of 2.88%. PepsiCo’s dividend payout ratio is 67.49%.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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