$16.97 Billion in Sales Expected for PepsiCo, Inc. (NASDAQ:PEP) This Quarter

Brokerages expect PepsiCo, Inc. (NASDAQ:PEP) to report $16.97 billion in sales for the current quarter, Zacks reports. Five analysts have provided estimates for PepsiCo’s earnings. The lowest sales estimate is $16.86 billion and the highest is $17.09 billion. PepsiCo reported sales of $16.49 billion during the same quarter last year, which would suggest a positive year over year growth rate of 2.9%. The business is expected to report its next earnings report on Tuesday, October 1st.

On average, analysts expect that PepsiCo will report full year sales of $66.63 billion for the current fiscal year, with estimates ranging from $66.08 billion to $67.09 billion. For the next year, analysts forecast that the firm will post sales of $69.51 billion, with estimates ranging from $68.42 billion to $70.77 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for PepsiCo.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. The company had revenue of $16.45 billion for the quarter, compared to analysts’ expectations of $16.44 billion. During the same quarter in the previous year, the company earned $1.61 EPS. PepsiCo’s revenue for the quarter was up 2.2% on a year-over-year basis.

A number of research firms recently weighed in on PEP. BMO Capital Markets restated an “average” rating and set a $128.00 target price on shares of PepsiCo in a research note on Wednesday, July 10th. UBS Group lifted their price target on shares of PepsiCo from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Bank of America lifted their price target on shares of PepsiCo from $135.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. BidaskClub downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Atlantic Securities assumed coverage on shares of PepsiCo in a report on Monday. They issued an “overweight” rating and a $145.00 price target on the stock. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $129.35.

Shares of PEP traded down $0.67 during trading hours on Thursday, reaching $127.14. 4,867,460 shares of the stock traded hands, compared to its average volume of 4,788,968. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.66 and a current ratio of 0.86. PepsiCo has a 52-week low of $104.53 and a 52-week high of $135.24. The company’s 50-day simple moving average is $132.15. The company has a market capitalization of $177.76 billion, a P/E ratio of 22.46, a P/E/G ratio of 3.41 and a beta of 0.60.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a $0.955 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 3.00%. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

In related news, CEO Steven C. Williams sold 2,420 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $133.95, for a total transaction of $324,159.00. Following the transaction, the chief executive officer now directly owns 54,920 shares in the company, valued at approximately $7,356,534. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Ramon Laguarta sold 15,431 shares of the company’s stock in a transaction dated 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 transaction, the chairman now owns 232,394 shares in the company, valued at $30,078,755.42. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Signature Estate & Investment Advisors LLC bought a new position in PepsiCo during the 2nd quarter valued at about $118,000. Candriam Luxembourg S.C.A. boosted its position in PepsiCo by 9.7% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 400,571 shares of the company’s stock valued at $55,834,000 after buying an additional 35,503 shares during the period. Diligent Investors LLC purchased a new stake in PepsiCo in the 2nd quarter valued at about $200,000. Cullen Frost Bankers Inc. boosted its position in PepsiCo by 2.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 165,718 shares of the company’s stock valued at $21,731,000 after buying an additional 3,607 shares during the period. Finally, FinTrust Capital Advisors LLC boosted its position in PepsiCo by 69.9% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 9,447 shares of the company’s stock valued at $1,239,000 after buying an additional 3,886 shares during the period. Institutional investors own 71.21% of the company’s stock.

About PepsiCo

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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