Q3 2024 Earnings Estimate for PepsiCo, Inc. Issued By Wedbush (NASDAQ:PEP)

PepsiCo, Inc. (NASDAQ:PEPFree Report) – Equities research analysts at Wedbush increased their Q3 2024 EPS estimates for PepsiCo in a report released on Monday, February 12th. Wedbush analyst G. Pascarelli now expects that the company will post earnings of $2.40 per share for the quarter, up from their prior forecast of $2.39. Wedbush has a “Outperform” rating and a $195.00 price objective on the stock. The consensus estimate for PepsiCo’s current full-year earnings is $8.15 per share. Wedbush also issued estimates for PepsiCo’s Q4 2024 earnings at $2.01 EPS, FY2024 earnings at $8.15 EPS, Q1 2025 earnings at $1.69 EPS, Q2 2025 earnings at $2.43 EPS, Q3 2025 earnings at $2.59 EPS, Q4 2025 earnings at $2.16 EPS and FY2025 earnings at $8.87 EPS.

PEP has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday. DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $187.00 price objective for the company in a research note on Thursday, October 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a research note on Monday. Barclays lowered their price objective on shares of PepsiCo from $181.00 to $179.00 and set an “overweight” rating for the company in a research note on Tuesday, January 16th. Finally, Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and increased their price target for the company from $180.00 to $195.00 in a research report on Monday. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $187.46.

Check Out Our Latest Stock Analysis on PEP

PepsiCo Stock Up 1.8 %

NASDAQ:PEP opened at $170.61 on Tuesday. PepsiCo has a 1-year low of $155.83 and a 1-year high of $196.88. The company has a 50-day moving average of $168.55 and a 200 day moving average of $170.91. The firm has a market cap of $234.56 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 2.50 and a beta of 0.54. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its quarterly earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The firm had revenue of $27.84 billion for the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.67 earnings per share.

Hedge Funds Weigh In On PepsiCo

Several hedge funds have recently modified their holdings of PEP. Moneta Group Investment Advisors LLC increased its holdings in shares of PepsiCo by 95,514.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after acquiring an additional 42,831,405 shares in the last quarter. Norges Bank acquired a new position in PepsiCo in the 4th quarter worth approximately $2,686,139,000. Morgan Stanley increased its holdings in PepsiCo by 21.0% in the 4th quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after buying an additional 4,629,947 shares during the period. Fisher Asset Management LLC increased its holdings in PepsiCo by 8,552.2% in the 2nd quarter. Fisher Asset Management LLC now owns 4,452,316 shares of the company’s stock worth $824,658,000 after buying an additional 4,400,857 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in PepsiCo by 9,623.6% in the 4th quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after buying an additional 3,026,611 shares during the period. Institutional investors and hedge funds own 71.40% of the company’s stock.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be issued a dividend of $1.265 per share. The ex-dividend date is Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.97%. PepsiCo’s dividend payout ratio (DPR) is currently 77.02%.

PepsiCo Company Profile

(Get Free Report)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

See Also

Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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