PepsiCo (NASDAQ:PEP – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 8.150- for the period, compared to the consensus estimate of 8.140. The company issued revenue guidance of -. PepsiCo also updated its FY24 guidance to at least $8.15 EPS.
PepsiCo Stock Performance
PEP opened at $170.42 on Wednesday. The firm has a fifty day moving average price of $173.68 and a 200 day moving average price of $172.07. PepsiCo has a 1 year low of $157.43 and a 1 year high of $183.41. The stock has a market cap of $234.29 billion, a P/E ratio of 24.73, a P/E/G ratio of 3.07 and a beta of 0.53. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64.
PepsiCo (NASDAQ:PEP – Get Free Report) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The business had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same period in the prior year, the company posted $2.25 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts anticipate that PepsiCo will post 8.13 earnings per share for the current year.
PepsiCo Dividend Announcement
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Bank of America dropped their price target on shares of PepsiCo from $190.00 to $185.00 and set a buy rating on the stock in a research note on Monday, September 30th. TD Cowen cut their target price on shares of PepsiCo from $200.00 to $190.00 and set a buy rating for the company in a research note on Wednesday, July 3rd. Wells Fargo & Company decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set an equal weight rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. lifted their price objective on PepsiCo from $182.00 to $185.00 and gave the stock a neutral rating in a report on Tuesday, October 1st. Finally, BNP Paribas started coverage on PepsiCo in a report on Monday, June 24th. They set a neutral rating and a $174.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of Hold and a consensus target price of $185.29.
Check Out Our Latest Stock Report on PepsiCo
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.
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