PepsiCo, Inc. (PEP) To Go Ex-Dividend on March 7th

PepsiCo, Inc. (NASDAQ:PEP) declared a quarterly dividend on Wednesday, February 5th,RTT News reports. Stockholders of record on Friday, March 7th will be paid a dividend of 1.355 per share on Monday, March 31st. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Friday, March 7th.

PepsiCo has increased its dividend by an average of 7.9% per year over the last three years and has raised its dividend every year for the last 35 years. PepsiCo has a dividend payout ratio of 61.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect PepsiCo to earn $8.51 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 63.7%.

PepsiCo Stock Performance

Shares of PEP stock opened at $145.35 on Friday. The firm has a market cap of $199.42 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 2.92 and a beta of 0.54. The company’s 50 day moving average is $152.15 and its 200 day moving average is $164.39. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo has a 52-week low of $141.51 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the previous year, the firm posted $1.78 earnings per share. The business’s revenue for the quarter was down .2% compared to the same quarter last year. On average, sell-side analysts anticipate that PepsiCo will post 8.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Royal Bank of Canada initiated coverage on shares of PepsiCo in a report on Tuesday. They issued a $172.00 target price on the stock. Barclays decreased their price target on PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research note on Thursday. UBS Group decreased their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Finally, Evercore ISI decreased their price target on PepsiCo from $180.00 to $160.00 in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $171.47.

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.