PepsiCo, Inc. to Post Q4 2024 Earnings of $2.00 Per Share, Wedbush Forecasts (NASDAQ:PEP)

PepsiCo, Inc. (NASDAQ:PEP) – Research analysts at Wedbush cut their Q4 2024 earnings estimates for PepsiCo in a note issued to investors on Wednesday, April 24th. Wedbush analyst G. Pascarelli now forecasts that the company will post earnings of $2.00 per share for the quarter, down from their prior estimate of $2.01. Wedbush currently has a “Outperform” rating and a $195.00 price objective on the stock. The consensus estimate for PepsiCo’s current full-year earnings is $8.16 per share.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter in the previous year, the company earned $1.50 EPS. PepsiCo’s revenue was up 2.3% on a year-over-year basis.

Several other analysts have also issued reports on PEP. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and increased their price objective for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Barclays raised their target price on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research note on Monday, March 18th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Stock Performance

Shares of PEP stock opened at $175.03 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The company’s fifty day simple moving average is $169.22 and its 200-day simple moving average is $167.76. PepsiCo has a 12 month low of $155.83 and a 12 month high of $196.88. The firm has a market cap of $240.63 billion, a PE ratio of 26.32, a P/E/G ratio of 2.80 and a beta of 0.53.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a dividend of $1.265 per share. The ex-dividend date was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.89%. PepsiCo’s dividend payout ratio is presently 76.09%.

Institutional Trading of PepsiCo

Several hedge funds have recently modified their holdings of PEP. Norges Bank bought a new stake in shares of PepsiCo in the 4th quarter worth $2,686,139,000. International Assets Investment Management LLC increased its position in shares of PepsiCo by 9,623.6% in the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after purchasing an additional 3,026,611 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of PepsiCo in the third quarter worth approximately $329,179,000. Flossbach Von Storch AG grew its position in PepsiCo by 121.4% during the fourth quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock valued at $463,259,000 after acquiring an additional 1,495,586 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in PepsiCo by 17.9% during the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after acquiring an additional 1,470,064 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

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.