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

PepsiCo, Inc. (NASDAQ:PEP) declared a quarterly dividend on Tuesday, November 19th,RTT News reports. Shareholders 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 dividend on an annualized basis 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% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.0 %

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

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 EPS. Equities analysts expect that PepsiCo will post 8.15 EPS for the current fiscal year.

Analysts Set New Price Targets

PEP has been the topic of several analyst reports. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a research report on Friday, September 20th. Finally, Barclays cut their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.