PepsiCo, Inc. (PEP) to Issue Quarterly Dividend of $1.36 on June 28th

PepsiCo, Inc. (NASDAQ:PEPGet Free Report) announced a quarterly dividend on Tuesday, April 30th, RTT News reports. Investors of record on Friday, June 7th will be given a dividend of 1.355 per share on Friday, June 28th. This represents a $5.42 annualized dividend and a yield of 3.12%. The ex-dividend date is Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27.

PepsiCo has increased its dividend payment by an average of 7.1% per year over the last three years and has increased its dividend every year for the last 53 years. PepsiCo has a payout ratio of 61.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect PepsiCo to earn $8.83 per share next year, which means the company should continue to be able to cover its $5.42 annual dividend with an expected future payout ratio of 61.4%.

PepsiCo Stock Performance

NASDAQ:PEP opened at $173.89 on Wednesday. The stock’s fifty day moving average is $174.70 and its 200 day moving average is $170.47. PepsiCo has a fifty-two week low of $155.83 and a fifty-two week high of $192.38. The firm has a market capitalization of $239.06 billion, a PE ratio of 26.15, a PEG ratio of 2.79 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEPGet Free Report) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same quarter last year, the firm posted $1.50 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. On average, sell-side analysts anticipate that PepsiCo will post 8.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of recent research reports. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and increased their price target for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. increased their price target on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, Barclays raised their price objective on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $187.58.

Read Our Latest Analysis on PEP

Insider Activity at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the sale, the chief executive officer now directly owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

About PepsiCo

(Get Free Report)

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.

See Also

Dividend History for PepsiCo (NASDAQ:PEP)

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