PepsiCo, Inc. (NASDAQ:PEP) announced a quarterly dividend on Monday, February 5th, RTT News reports. Stockholders of record on Friday, March 2nd will be given a dividend of 0.805 per share on Friday, March 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Thursday, March 1st.
Shares of PepsiCo (PEP) opened at $109.68 on Friday. The firm has a market cap of $155,139.14, a price-to-earnings ratio of 32.55, a P/E/G ratio of 2.74 and a beta of 0.62. PepsiCo has a fifty-two week low of $106.19 and a fifty-two week high of $122.51. The company has a current ratio of 1.51, a quick ratio of 1.37 and a debt-to-equity ratio of 3.03.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.01. The business had revenue of $19.53 billion during the quarter, compared to analyst estimates of $19.40 billion. PepsiCo had a net margin of 7.65% and a return on equity of 61.14%. The business’s revenue was up .1% on a year-over-year basis. During the same period last year, the business earned $1.20 EPS. equities analysts anticipate that PepsiCo will post 5.69 earnings per share for the current year.
A number of equities research analysts recently weighed in on PEP shares. Zacks Investment Research lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Royal Bank of Canada reaffirmed a “hold” rating on shares of PepsiCo in a report on Sunday, November 12th. Deutsche Bank started coverage on shares of PepsiCo in a research note on Wednesday, December 13th. They set a “buy” rating and a $132.00 price objective on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $120.00 price objective on shares of PepsiCo in a research note on Friday, December 22nd. Finally, Wells Fargo & Co increased their price objective on shares of PepsiCo from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. PepsiCo presently has an average rating of “Hold” and an average target price of $123.04.
PepsiCo announced that its board has authorized a share buyback plan on Tuesday, February 13th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
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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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