Analysts expect that Pepsico, Inc. (NASDAQ:PEP) will report $19.44 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Pepsico’s earnings, with the highest sales estimate coming in at $19.60 billion and the lowest estimate coming in at $19.35 billion. Pepsico reported sales of $19.52 billion in the same quarter last year, which indicates a negative year over year growth rate of 0.4%. The company is scheduled to announce its next earnings report before the market opens on Tuesday, February 13th.

On average, analysts expect that Pepsico will report full-year sales of $19.44 billion for the current financial year, with estimates ranging from $63.05 billion to $63.60 billion. For the next year, analysts expect that the firm will post sales of $65.40 billion per share, with estimates ranging from $64.34 billion to $65.70 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Pepsico.

Several analysts recently commented on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $120.00 price objective on shares of Pepsico in a research note on Friday, December 22nd. Cowen reiterated a “buy” rating and issued a $133.00 price objective on shares of Pepsico in a research note on Tuesday, January 9th. Deutsche Bank assumed coverage on shares of Pepsico in a research note on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price objective for the company. Zacks Investment Research cut shares of Pepsico from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Finally, Wells Fargo & Co raised their price objective on shares of Pepsico from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Pepsico currently has a consensus rating of “Buy” and an average target price of $123.18.

Pepsico (NASDAQ PEP) traded down $0.13 during mid-day trading on Friday, hitting $119.05. 6,221,700 shares of the stock traded hands, compared to its average volume of 4,304,342. Pepsico has a one year low of $102.17 and a one year high of $120.57. The firm has a market cap of $169,310.00, a PE ratio of 24.60, a PEG ratio of 3.07 and a beta of 0.68. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 8th. Shareholders of record on Friday, December 1st were given a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Thursday, November 30th. Pepsico’s payout ratio is currently 66.53%.

A number of institutional investors and hedge funds have recently made changes to their positions in PEP. Prudential Financial Inc. raised its position in Pepsico by 26.1% during the third quarter. Prudential Financial Inc. now owns 4,354,014 shares of the company’s stock worth $485,168,000 after acquiring an additional 899,911 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services purchased a new stake in shares of Pepsico during the fourth quarter worth about $201,000. Confluence Investment Management LLC grew its holdings in shares of Pepsico by 2.0% during the fourth quarter. Confluence Investment Management LLC now owns 1,154,250 shares of the company’s stock worth $138,418,000 after buying an additional 22,364 shares in the last quarter. Gillespie Robinson & Grimm Inc. grew its holdings in shares of Pepsico by 2.8% during the fourth quarter. Gillespie Robinson & Grimm Inc. now owns 209,803 shares of the company’s stock worth $25,160,000 after buying an additional 5,738 shares in the last quarter. Finally, Chesley Taft & Associates LLC grew its holdings in shares of Pepsico by 0.3% during the fourth quarter. Chesley Taft & Associates LLC now owns 250,366 shares of the company’s stock worth $30,024,000 after buying an additional 686 shares in the last quarter. Institutional investors own 70.24% of the company’s stock.

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Pepsico Company Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

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