PepsiCo, Inc. (NASDAQ:PEP) to Issue $1.42 Quarterly Dividend

PepsiCo, Inc. (NASDAQ:PEP) declared a quarterly dividend on Wednesday, November 19th. Stockholders of record on Friday, December 5th will be paid a dividend of 1.4225 per share on Tuesday, January 6th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, December 5th.

PepsiCo has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 54 years. PepsiCo has a dividend payout ratio of 68.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PepsiCo to earn $8.84 per share next year, which means the company should continue to be able to cover its $5.69 annual dividend with an expected future payout ratio of 64.4%.

PepsiCo Stock Down 1.1%

Shares of PEP opened at $147.11 on Thursday. The company has a market capitalization of $201.15 billion, a PE ratio of 27.97, a PEG ratio of 3.56 and a beta of 0.45. The stock’s 50-day moving average price is $145.28 and its two-hundred day moving average price is $140.32. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo has a 12 month low of $127.60 and a 12 month high of $165.13.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.31 earnings per share. On average, analysts anticipate that PepsiCo will post 8.3 EPS for the current year.

Analyst Upgrades and Downgrades

PEP has been the subject of several research analyst reports. Piper Sandler lifted their price objective on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a report on Tuesday, October 21st. Royal Bank Of Canada cut their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Evercore ISI lifted their price objective on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Finally, Rothschild & Co Redburn increased their target price on shares of PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a research note on Monday, October 13th. Seven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $156.95.

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.