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

PepsiCo, Inc. (NASDAQ:PEP) declared a quarterly dividend on Tuesday, November 19th,RTT News reports. Investors of record on Friday, December 6th will be given a dividend of 1.355 per share on Monday, January 6th. This represents a $5.42 annualized dividend and a yield of 3.46%.

PepsiCo has raised its dividend payment by an average of 7.1% per year over the last three years and has raised its dividend every year for the last 53 years. PepsiCo has a dividend payout ratio of 62.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect PepsiCo to earn $8.64 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 62.7%.

PepsiCo Stock Down 1.0 %

PEP traded down $1.61 on Tuesday, hitting $156.72. 6,649,642 shares of the company were exchanged, compared to its average volume of 5,478,172. The firm has a 50-day moving average price of $170.42 and a two-hundred day moving average price of $171.38. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo has a twelve month low of $155.85 and a twelve month high of $183.41. The company has a market cap of $215.02 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The business had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company’s revenue was down .6% on a year-over-year basis. During the same period last year, the business earned $2.25 EPS. On average, equities analysts predict that PepsiCo will post 8.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Royal Bank of Canada dropped their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a report on Friday, September 20th. Finally, Barclays reduced their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $183.92.

PepsiCo Company Profile

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.