Research Analysts Set Expectations for PepsiCo Q4 Earnings

PepsiCo, Inc. (NASDAQ:PEP) – Analysts at Zacks Research boosted their Q4 2024 earnings per share estimates for PepsiCo in a research report issued on Tuesday, October 22nd. Zacks Research analyst R. Lohia now expects that the company will post earnings of $1.95 per share for the quarter, up from their previous forecast of $1.94. The consensus estimate for PepsiCo’s current full-year earnings is $8.15 per share. Zacks Research also issued estimates for PepsiCo’s Q2 2025 earnings at $2.40 EPS and Q2 2026 earnings at $2.58 EPS.

Several other research analysts have also commented on the company. TD Cowen lowered PepsiCo from a “buy” rating to a “hold” rating and dropped their price target for the stock from $190.00 to $183.00 in a research report on Thursday, October 10th. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target on the stock. in a report on Friday, September 20th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. DZ Bank cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a research note on Friday, July 19th. Finally, Bank of America reduced their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $183.92.

PepsiCo Stock Down 0.2 %

NASDAQ PEP opened at $171.79 on Friday. The stock has a 50 day moving average price of $173.86 and a 200-day moving average price of $172.25. PepsiCo has a one year low of $158.03 and a one year 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. The company has a market capitalization of $236.17 billion, a P/E ratio of 24.93, a P/E/G ratio of 3.25 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter in the prior year, the firm earned $2.25 EPS. The business’s revenue was down .6% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brookstone Capital Management raised its holdings in shares of PepsiCo by 12.3% in the first quarter. Brookstone Capital Management now owns 34,648 shares of the company’s stock worth $6,064,000 after buying an additional 3,794 shares during the last quarter. Cypress Wealth Services LLC lifted its position in PepsiCo by 37.3% during the 1st quarter. Cypress Wealth Services LLC now owns 2,572 shares of the company’s stock worth $450,000 after acquiring an additional 699 shares during the period. Hennessy Advisors Inc. purchased a new stake in PepsiCo during the 1st quarter valued at about $5,495,000. Pinnacle Bancorp Inc. increased its holdings in shares of PepsiCo by 2.1% in the first quarter. Pinnacle Bancorp Inc. now owns 7,366 shares of the company’s stock valued at $1,289,000 after purchasing an additional 150 shares during the period. Finally, Norwood Financial Corp raised its stake in shares of PepsiCo by 9.9% in the first quarter. Norwood Financial Corp now owns 2,225 shares of the company’s stock worth $389,000 after purchasing an additional 200 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

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.