PepsiCo, Inc. (NASDAQ:PEP) Declares Quarterly Dividend of $1.36

PepsiCo, Inc. (NASDAQ:PEP) declared a quarterly dividend on Wednesday, February 5th,RTT News reports. Shareholders of record on Friday, March 7th will be given a dividend of 1.355 per share on Monday, March 31st. This represents a $5.42 dividend on an annualized basis and a yield of 3.72%.

PepsiCo has raised its dividend by an average of 7.9% per year over the last three years and has raised its dividend annually for the last 35 consecutive years. PepsiCo has a dividend payout ratio of 59.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect PepsiCo to earn $8.51 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 63.7%.

PepsiCo Stock Performance

PEP opened at $145.66 on Thursday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo has a 52-week low of $141.51 and a 52-week high of $183.41. The firm has a market cap of $199.84 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The business’s fifty day moving average is $152.49 and its 200-day moving average is $164.53.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period last year, the firm earned $1.78 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. Sell-side analysts expect that PepsiCo will post 8.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PEP shares. Royal Bank of Canada assumed coverage on PepsiCo in a report on Tuesday. They issued a $172.00 target price on the stock. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Piper Sandler began coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, BNP Paribas decreased their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $171.76.

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.