PepsiCo, Inc. (NASDAQ:PEP) Plans Dividend Increase – $1.08 Per Share

Share on StockTwits

PepsiCo, Inc. (NASDAQ:PEP) declared a quarterly dividend on Tuesday, May 4th, RTT News reports. Stockholders of record on Friday, June 4th will be paid a dividend of 1.075 per share on Wednesday, June 30th. This represents a $4.30 annualized dividend and a dividend yield of 3.00%. This is a boost from PepsiCo’s previous quarterly dividend of $1.02.

PepsiCo has raised its dividend payment by 27.0% over the last three years and has increased its dividend every year for the last 49 years.

Shares of PEP stock traded down $2.23 during mid-day trading on Tuesday, hitting $143.56. 493,518 shares of the stock traded hands, compared to its average volume of 5,645,717. PepsiCo has a twelve month low of $126.53 and a twelve month high of $148.77. The firm has a market cap of $198.35 billion, a price-to-earnings ratio of 28.48, a price-to-earnings-growth ratio of 3.63 and a beta of 0.57. The company’s 50-day simple moving average is $141.53 and its 200-day simple moving average is $140.48. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.77 and a current ratio of 0.93.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, April 14th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%. The company had revenue of $14.82 billion for the quarter, compared to analysts’ expectations of $14.54 billion. During the same period last year, the firm earned $1.07 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts forecast that PepsiCo will post 5.51 earnings per share for the current year.

An institutional investor recently bought a new position in PepsiCo stock. OLD Mission Capital LLC purchased a new position in PepsiCo, Inc. (NASDAQ:PEP) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,848 shares of the company’s stock, valued at approximately $256,000. Hedge funds and other institutional investors own 69.94% of the company’s stock.

A number of equities analysts recently issued reports on the company. Wolfe Research assumed coverage on PepsiCo in a report on Monday, April 19th. They issued a “peer perform” rating on the stock. Credit Suisse Group lifted their target price on PepsiCo from $144.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, April 22nd. Morgan Stanley lifted their target price on PepsiCo from $158.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, April 22nd. Barclays raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 target price for the company in a research report on Monday, March 29th. Finally, Sanford C. Bernstein initiated coverage on PepsiCo in a research report on Tuesday, January 19th. They issued an “underperform” rating and a $136.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. PepsiCo has an average rating of “Hold” and an average target price of $149.23.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company 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.

Featured Article: How to Trade Using Analysts Ratings

Dividend History for PepsiCo (NASDAQ:PEP)

Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with's FREE daily email newsletter.