PepsiCo (NASDAQ:PEP) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

PepsiCo (NASDAQ:PEP) posted its earnings results on Tuesday. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02, Zacks reports. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period last year, the business posted $1.78 earnings per share. The business’s revenue for the quarter was down .2% compared to the same quarter last year.

PepsiCo Stock Performance

PEP traded down $6.90 during trading on Tuesday, hitting $143.37. The stock had a trading volume of 7,958,666 shares, compared to its average volume of 6,642,500. The company’s 50-day moving average price is $152.86 and its 200 day moving average price is $164.71. The firm has a market capitalization of $196.71 billion, a P/E ratio of 21.18, a PEG ratio of 2.92 and a beta of 0.54. PepsiCo has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.78%. PepsiCo’s dividend payout ratio is presently 79.94%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barclays lowered their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. lowered their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Piper Sandler started coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective on the stock. Finally, Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $174.53.

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.