PepsiCo, Inc. (NASDAQ:PEP) Declares Dividend Increase – $1.15 Per Share

PepsiCo, Inc. (NASDAQ:PEPGet Rating) announced a quarterly dividend on Tuesday, May 3rd, RTT News reports. Shareholders of record on Friday, June 3rd will be paid a dividend of 1.15 per share on Thursday, June 30th. This represents a $4.60 annualized dividend and a yield of 2.74%. This is a boost from PepsiCo’s previous quarterly dividend of $1.08.

PepsiCo has increased its dividend payment by an average of 5.8% per year over the last three years and has raised its dividend every year for the last 50 years. PepsiCo has a payout ratio of 59.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect PepsiCo to earn $7.20 per share next year, which means the company should continue to be able to cover its $4.30 annual dividend with an expected future payout ratio of 59.7%.

Shares of PepsiCo stock opened at $167.99 on Wednesday. The firm has a market capitalization of $232.28 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 3.41 and a beta of 0.58. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.87 and a quick ratio of 0.68. The company’s fifty day moving average price is $167.00 and its two-hundred day moving average price is $167.52. PepsiCo has a 52-week low of $143.49 and a 52-week high of $177.62.

PepsiCo (NASDAQ:PEPGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.06. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The company had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.54 billion. During the same quarter in the previous year, the company earned $1.21 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts predict that PepsiCo will post 6.64 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Vectors Research Management LLC boosted its position in PepsiCo by 3.1% during the 4th quarter. Vectors Research Management LLC now owns 3,273 shares of the company’s stock worth $569,000 after acquiring an additional 98 shares during the last quarter. Vident Investment Advisory LLC boosted its holdings in shares of PepsiCo by 1.5% in the 4th quarter. Vident Investment Advisory LLC now owns 16,579 shares of the company’s stock valued at $2,880,000 after buying an additional 246 shares during the last quarter. Keudell Morrison Wealth Management boosted its holdings in shares of PepsiCo by 5.7% in the 3rd quarter. Keudell Morrison Wealth Management now owns 5,324 shares of the company’s stock valued at $801,000 after buying an additional 289 shares during the last quarter. Strategic Wealth Advisors Group LLC boosted its holdings in shares of PepsiCo by 2.0% in the 4th quarter. Strategic Wealth Advisors Group LLC now owns 18,198 shares of the company’s stock valued at $3,152,000 after buying an additional 364 shares during the last quarter. Finally, Ulland Investment Advisors LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at approximately $74,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on PEP shares. Citigroup upped their price target on shares of PepsiCo from $194.00 to $198.00 in a research report on Wednesday, April 27th. Barclays cut their target price on shares of PepsiCo from $186.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, February 14th. Argus upped their target price on shares of PepsiCo from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, January 4th. Guggenheim upped their target price on shares of PepsiCo from $188.00 to $193.00 in a research report on Wednesday, April 27th. Finally, DZ Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research report on Tuesday, February 15th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $176.56.

PepsiCo Company Profile (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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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Dividend History for PepsiCo (NASDAQ:PEP)

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