PepsiCo (NASDAQ:PEP) Issues Earnings Results

PepsiCo (NASDAQ:PEP) released its earnings results on Tuesday. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.01, Zacks reports. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%.

PepsiCo Trading Down 0.3 %

NASDAQ PEP opened at $150.27 on Tuesday. PepsiCo has a one year low of $141.51 and a one year high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The business has a 50 day simple moving average of $153.12 and a 200 day simple moving average of $164.85. The stock has a market capitalization of $206.17 billion, a P/E ratio of 22.16, a P/E/G ratio of 2.92 and a beta of 0.54.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were given a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.61%. PepsiCo’s payout ratio is 79.94%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PEP shares. Piper Sandler began coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $172.00 price target on shares of PepsiCo in a research note on Wednesday, January 29th. Barclays lowered their price objective on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average price target of $176.73.

PepsiCo Company Profile

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.