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

PepsiCo, Inc. (NASDAQ:PEP) declared a quarterly dividend on Wednesday, February 5th,RTT News reports. Stockholders of record on Friday, March 7th will be given 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 raised its dividend by an average of 7.9% annually over the last three years and has increased its dividend annually for the last 35 consecutive years. PepsiCo has a 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 PepsiCo stock opened at $145.35 on Friday. The company has a market capitalization of $199.42 billion, a PE ratio of 21.44, a PEG ratio of 2.92 and a beta of 0.54. PepsiCo has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The stock’s fifty day simple moving average is $152.15 and its 200 day simple moving average is $164.39.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. On average, research analysts predict that PepsiCo will post 8.15 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on PEP shares. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Piper Sandler began coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. Morgan Stanley reduced their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, HSBC dropped their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average 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.