PepsiCo, Inc. (PEP) to Issue Quarterly Dividend of $1.48 on June 30th

PepsiCo, Inc. (NASDAQ:PEP) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Friday, June 5th will be paid a dividend of 1.48 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, June 5th. This is a 4.0% increase from PepsiCo’s previous quarterly dividend of $1.42.

PepsiCo has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 54 years. PepsiCo has a dividend payout ratio of 70.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PepsiCo to earn $9.17 per share next year, which means the company should continue to be able to cover its $5.92 annual dividend with an expected future payout ratio of 64.6%.

PepsiCo Price Performance

PEP stock opened at $142.00 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $194.08 billion, a P/E ratio of 22.29, a PEG ratio of 2.56 and a beta of 0.35. The business has a 50 day simple moving average of $152.90 and a 200-day simple moving average of $152.64. PepsiCo has a twelve month low of $127.60 and a twelve month high of $171.48.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $19.44 billion for the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.48 EPS. As a group, equities analysts anticipate that PepsiCo will post 8.63 EPS for the current year.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo is expanding into higher-growth categories with new launches such as Adrenaline Rush energy drink and PopCorners Protein, which could help offset slower legacy snack and beverage demand. PepsiCo launches energy drink Adrenaline Rush, eyes mass-premium segment
• Positive Sentiment: Management is emphasizing affordability and “modernization” to keep products accessible as consumers tighten spending, which may help support volumes in the near term. How PepsiCo Is Achieving Affordability
• Positive Sentiment: Recent commentary highlighted PepsiCo’s earnings beat, a 4% dividend increase, and improving North America Foods volume trends, reinforcing the view that the turnaround strategy is gaining traction. PepsiCo (PEP) Valuation Check After Earnings Beat Dividend Hike And Health Focused Product Push
• Positive Sentiment: Analyst and investor coverage remains constructive around PepsiCo’s cash generation, dividend profile, and brand restaging efforts, which could support sentiment even after the recent pullback. 1 Profitable Stock with Exciting Potential and 2 We Turn Down

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.