PepsiCo Inc. (NYSE:PEP) declared a quarterly dividend on Thursday, November 17th. Stockholders of record on Friday, December 2nd will be paid a dividend of 0.7525 per share on Friday, January 6th. This represents a $3.01 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Wednesday, November 30th.

PepsiCo (NYSE:PEP) opened at 101.53 on Friday. The stock has a 50 day moving average price of $105.36 and a 200 day moving average price of $105.84. PepsiCo has a 12 month low of $93.25 and a 12 month high of $110.94. The stock has a market capitalization of $145.61 billion, a PE ratio of 22.28 and a beta of 0.54.

PepsiCo (NYSE:PEP) last posted its quarterly earnings results on Thursday, September 29th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.08. The company had revenue of $16 billion for the quarter. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.35 EPS. On average, equities research analysts forecast that PepsiCo will post $4.81 earnings per share for the current fiscal year.

Dividend History for PepsiCo (NYSE:PEP)

Several large investors have recently modified their holdings of the company. Delphi Private Advisors LLC boosted its stake in shares of PepsiCo by 1.3% in the second quarter. Delphi Private Advisors LLC now owns 1,002 shares of the company’s stock valued at $106,000 after buying an additional 13 shares during the period. Blume Capital Management Inc. boosted its stake in shares of PepsiCo by 8.5% in the second quarter. Blume Capital Management Inc. now owns 1,302 shares of the company’s stock valued at $138,000 after buying an additional 102 shares during the last quarter. Kings Point Capital Management boosted its stake in shares of PepsiCo by 16.9% in the second quarter. Kings Point Capital Management now owns 1,386 shares of the company’s stock valued at $147,000 after buying an additional 200 shares during the last quarter. MRJ Capital Inc. bought a new stake in shares of PepsiCo during the second quarter valued at $148,000. Finally, Cable Hill Partners LLC boosted its stake in shares of PepsiCo by 370.1% in the second quarter. Cable Hill Partners LLC now owns 1,669 shares of the company’s stock valued at $177,000 after buying an additional 1,314 shares during the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the company. Zacks Investment Research cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday. Vetr raised PepsiCo from a “buy” rating to a “strong-buy” rating and set a $113.72 price objective on the stock in a research report on Tuesday, November 15th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $120.00 price objective on shares of PepsiCo in a research report on Monday, October 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $121.00 price objective on shares of PepsiCo in a research report on Friday, September 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 price objective (up from $116.00) on shares of PepsiCo in a research report on Friday, September 30th. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $113.71.

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About PepsiCo

PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

5 Day Chart for NYSE:PEP

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