PepsiCo (NASDAQ:PEP – Get Free Report) released its earnings results on Tuesday. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.01, RTT News reports. The company had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. PepsiCo’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.25 earnings per share. PepsiCo updated its FY 2024 guidance to 8.150- EPS and its FY24 guidance to at least $8.15 EPS.
PepsiCo Stock Performance
NASDAQ PEP opened at $170.42 on Wednesday. The company has a market cap of $234.29 billion, a P/E ratio of 24.73, a P/E/G ratio of 3.07 and a beta of 0.53. The business’s 50 day moving average price is $173.68 and its 200-day moving average price is $172.07. PepsiCo has a fifty-two week low of $157.43 and a fifty-two week high of $183.41. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83.
PepsiCo Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Friday, September 6th. PepsiCo’s payout ratio is 78.66%.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on PepsiCo
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.
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