PepsiCo (NASDAQ:PEP) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $5.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.67.

Shares of PepsiCo (NASDAQ:PEP) opened at $109.11 on Thursday. PepsiCo has a 1 year low of $104.77 and a 1 year high of $122.51. The stock has a market capitalization of $159,228.48, a P/E ratio of 21.44, a P/E/G ratio of 2.93 and a beta of 0.62. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.51 and a quick ratio of 1.21.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.01. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. The business had revenue of $19.53 billion for the quarter, compared to analyst estimates of $19.40 billion. During the same quarter last year, the firm earned $1.20 EPS. PepsiCo’s revenue for the quarter was up .1% compared to the same quarter last year. equities analysts expect that PepsiCo will post 5.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 2nd will be given a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Thursday, March 1st. PepsiCo’s dividend payout ratio is presently 95.55%.

PEP has been the topic of a number of recent research reports. Cowen reissued a buy rating and issued a $133.00 target price on shares of PepsiCo in a research report on Tuesday, January 9th. Zacks Investment Research raised PepsiCo from a hold rating to a buy rating and set a $123.00 target price on the stock in a research report on Tuesday, October 31st. Deutsche Bank initiated coverage on PepsiCo in a research report on Wednesday, December 13th. They issued a buy rating and a $132.00 target price on the stock. Jefferies Group reissued a hold rating and issued a $113.00 target price on shares of PepsiCo in a research report on Thursday, January 4th. Finally, Stifel Nicolaus reissued a hold rating and issued a $120.00 target price on shares of PepsiCo in a research report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $123.04.

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About PepsiCo

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).

Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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