Gabelli Weighs in on PepsiCo, Inc.’s FY2022 Earnings (PEP)

PepsiCo, Inc. (NASDAQ:PEP) – Research analysts at Gabelli issued their FY2022 earnings estimates for shares of PepsiCo in a report issued on Wednesday. Gabelli analyst D. Witkowski anticipates that the company will post earnings per share of $7.60 for the year.

Other equities analysts also recently issued research reports about the stock. Jefferies Group restated a “hold” rating and issued a $113.00 price target on shares of PepsiCo in a research note on Tuesday. Zacks Investment Research upgraded shares of PepsiCo from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Susquehanna Bancshares boosted their price target on shares of PepsiCo from $137.00 to $140.00 and gave the stock a “positive” rating in a research note on Monday, February 12th. Stifel Nicolaus restated a “hold” rating and issued a $120.00 price target on shares of PepsiCo in a research note on Friday, December 22nd. Finally, Royal Bank of Canada restated a “hold” rating on shares of PepsiCo in a research note on Sunday, November 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $123.04.

PepsiCo (NASDAQ PEP) traded up $0.09 during trading on Thursday, reaching $111.06. 5,578,438 shares of the company traded hands, compared to its average volume of 4,560,000. PepsiCo has a 12-month low of $106.19 and a 12-month high of $122.51. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.51 and a quick ratio of 1.21. The firm has a market cap of $157,820.00, a P/E ratio of 21.82, a PEG ratio of 2.87 and a beta of 0.62.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.01. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. The firm had revenue of $19.53 billion during the quarter, compared to the consensus estimate of $19.40 billion. During the same quarter last year, the firm earned $1.20 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis.

PepsiCo announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 13th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.805 per share. The ex-dividend date is Thursday, March 1st. This represents a $3.22 annualized dividend and a dividend yield of 2.90%. PepsiCo’s dividend payout ratio (DPR) is currently 63.26%.

Several institutional investors have recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. purchased a new stake in PepsiCo in the fourth quarter valued at $140,000. Avestar Capital LLC purchased a new stake in PepsiCo in the fourth quarter valued at $154,000. Rational Advisors LLC purchased a new stake in PepsiCo in the fourth quarter valued at $168,000. Almanack Investment Partners LLC. lifted its position in PepsiCo by 48.5% in the fourth quarter. Almanack Investment Partners LLC. now owns 1,452 shares of the company’s stock valued at $175,000 after acquiring an additional 474 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in PepsiCo by 233.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the company’s stock valued at $180,000 after acquiring an additional 1,050 shares during the last quarter. 70.03% of the stock is owned by institutional investors and hedge funds.

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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).

Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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