Zacks Research Predicts PepsiCo’s Q4 Earnings (NASDAQ:PEP)

PepsiCo, Inc. (NASDAQ:PEP) – Research analysts at Zacks Research increased their Q4 2024 earnings per share estimates for shares of PepsiCo in a report released on Tuesday, October 22nd. Zacks Research analyst R. Lohia now anticipates that the company will post earnings per share of $1.95 for the quarter, up from their prior 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.

PEP has been the topic of several other reports. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday. JPMorgan Chase & Co. lowered their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Wells Fargo & Company lowered their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft lowered their price objective on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Finally, Bank of America lowered their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $183.92.

PepsiCo Price Performance

NASDAQ PEP opened at $171.79 on Friday. The company has a market capitalization of $236.17 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 3.25 and a beta of 0.53. 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 business’s fifty day moving average is $173.87 and its 200 day moving average is $172.23. PepsiCo has a fifty-two week low of $158.03 and a fifty-two week high of $183.41.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PEP. Brookstone Capital Management grew its stake in shares of PepsiCo by 12.3% during the first quarter. Brookstone Capital Management now owns 34,648 shares of the company’s stock valued at $6,064,000 after buying an additional 3,794 shares during the last quarter. Cypress Wealth Services LLC boosted its holdings in shares of PepsiCo by 37.3% in the first quarter. Cypress Wealth Services LLC now owns 2,572 shares of the company’s stock valued at $450,000 after purchasing an additional 699 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of PepsiCo in the first quarter valued at approximately $5,495,000. Pinnacle Bancorp Inc. boosted 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 boosted its holdings in shares of PepsiCo by 9.9% in the first quarter. Norwood Financial Corp now owns 2,225 shares of the company’s stock valued at $389,000 after purchasing an additional 200 shares during the period. Institutional investors own 73.07% of the company’s stock.

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.