Pepsico, Inc. (NYSE:PEP) declared a quarterly dividend on Friday, November 17th, RTT News reports. Investors of record on Friday, December 1st will be given a dividend of 0.805 per share on Monday, January 8th. This represents a $3.22 annualized dividend and a dividend yield of 2.81%.
Pepsico has raised its dividend payment by an average of 9.6% per year over the last three years and has raised its dividend annually for the last 44 consecutive years. Pepsico has a dividend payout ratio of 61.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Pepsico to earn $5.60 per share next year, which means the company should continue to be able to cover its $3.22 annual dividend with an expected future payout ratio of 57.5%.
Pepsico (NYSE:PEP) opened at $114.68 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 2.32. The firm has a market cap of $163,870.00, a price-to-earnings ratio of 22.61, a P/E/G ratio of 3.15 and a beta of 0.66. Pepsico has a 1-year low of $98.50 and a 1-year high of $119.39.
Pepsico (NYSE:PEP) last posted its earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.05. The business had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.40 EPS. research analysts forecast that Pepsico will post 5.22 earnings per share for the current fiscal year.
PEP has been the topic of several analyst reports. Cowen and Company reaffirmed a “buy” rating on shares of Pepsico in a research note on Sunday, September 17th. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research note on Tuesday, August 22nd. BidaskClub raised shares of Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Susquehanna Bancshares Inc reaffirmed a “buy” rating and set a $135.00 price target on shares of Pepsico in a research note on Monday, October 2nd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $122.00 price target (down previously from $125.00) on shares of Pepsico in a research note on Friday, October 6th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $121.35.
In other news, insider Ramon Laguarta sold 21,449 shares of the business’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total value of $2,370,328.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Pepsico by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 112,083,751 shares of the company’s stock valued at $12,944,553,000 after buying an additional 2,635,738 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Pepsico by 2.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,699,308 shares of the company’s stock valued at $1,466,839,000 after buying an additional 306,675 shares during the last quarter. FMR LLC grew its position in shares of Pepsico by 8.3% during the 2nd quarter. FMR LLC now owns 8,043,420 shares of the company’s stock valued at $928,934,000 after buying an additional 618,813 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Pepsico by 7.0% during the 2nd quarter. Alliancebernstein L.P. now owns 6,568,054 shares of the company’s stock valued at $758,545,000 after buying an additional 428,728 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Pepsico by 29.9% during the 2nd quarter. Renaissance Technologies LLC now owns 5,642,700 shares of the company’s stock valued at $651,675,000 after buying an additional 1,298,900 shares during the last quarter. 70.54% of the stock is owned by institutional investors and hedge funds.
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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