PepsiCo, Inc. (PEP) Plans Dividend Increase – $0.93 Per Share

PepsiCo, Inc. (NASDAQ:PEP) declared a quarterly dividend on Tuesday, May 1st, RTT News reports. Investors of record on Friday, June 1st will be paid a dividend of 0.9275 per share on Friday, June 29th. This represents a $3.71 annualized dividend and a yield of 3.70%. The ex-dividend date is Thursday, May 31st. This is an increase from PepsiCo’s previous quarterly dividend of $0.81.

Shares of PepsiCo opened at $100.31 on Friday, according to PepsiCo has a 12-month low of $95.94 and a 12-month high of $122.51. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.15 and a current ratio of 1.28. The stock has a market cap of $142.04 billion, a P/E ratio of 19.18, a PEG ratio of 2.31 and a beta of 0.67.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, April 26th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. PepsiCo had a return on equity of 62.43% and a net margin of 7.62%. The firm had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.37 billion. During the same period in the previous year, the company posted $0.94 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. analysts anticipate that PepsiCo will post 5.69 EPS for the current fiscal year.

PepsiCo announced that its board has authorized a stock repurchase plan on Tuesday, February 13th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

An institutional investor recently bought a new position in PepsiCo stock. HC Financial Advisors Inc. bought a new position in PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,676 shares of the company’s stock, valued at approximately $1,040,000. Institutional investors own 69.85% of the company’s stock.

PEP has been the topic of several analyst reports. SunTrust Banks initiated coverage on PepsiCo in a research note on Monday, January 29th. They issued a “hold” rating and a $125.00 price objective on the stock. Credit Suisse Group reiterated a “neutral” rating and issued a $124.00 price objective (up from $122.00) on shares of PepsiCo in a research note on Thursday, February 1st. Susquehanna Bancshares upped their price objective on PepsiCo from $137.00 to $140.00 and gave the company a “positive” rating in a research note on Monday, February 12th. Jefferies Group reiterated a “hold” rating and issued a $113.00 price objective on shares of PepsiCo in a research note on Tuesday, February 13th. Finally, JPMorgan Chase & Co. lowered their price objective on PepsiCo from $127.00 to $124.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $120.36.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

Dividend History for PepsiCo (NASDAQ:PEP)

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