PepsiCo (PEP) Projected to Post Earnings on Thursday

PepsiCo (NASDAQ:PEP - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $1.52 per share and revenue of $17.81 billion for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 EPS. On average, analysts expect PepsiCo to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

PepsiCo Stock Up 2.0 %

Shares of NASDAQ PEP traded up $2.75 during mid-day trading on Friday, reaching $142.84. 6,052,161 shares of the company's stock were exchanged, compared to its average volume of 6,108,149. The firm has a market capitalization of $195.88 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo has a twelve month low of $138.33 and a twelve month high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The business has a fifty day simple moving average of $148.22 and a 200 day simple moving average of $155.14.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.79%. PepsiCo's payout ratio is presently 77.99%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PEP shares. BNP Paribas lowered their target price on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. UBS Group dropped their target price on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Piper Sandler started coverage on PepsiCo in a research note on Tuesday, January 7th. They set an "overweight" rating and a $171.00 target price for the company. Morgan Stanley cut their price objective on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Finally, Barclays lowered PepsiCo from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $168.00 to $156.00 in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $168.12.

Institutional Trading of PepsiCo

A hedge fund recently raised its stake in PepsiCo stock. Brighton Jones LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,392 shares of the company's stock after acquiring an additional 6,574 shares during the period. Brighton Jones LLC's holdings in PepsiCo were worth $9,031,000 as of its most recent filing with the Securities & Exchange Commission. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of 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.