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

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 3.72%.

PepsiCo has raised its dividend payment by an average of 7.9% annually over the last three years and has raised its dividend annually for the last 35 consecutive years. PepsiCo has a dividend payout ratio of 59.4% indicating that its dividend is sufficiently covered by earnings. 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 Up 1.5 %

Shares of PepsiCo stock opened at $145.66 on Thursday. The stock has a 50 day moving average price of $152.49 and a two-hundred day moving average price of $164.53. 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 12-month low of $141.51 and a 12-month high of $183.41. The stock has a market capitalization of $199.84 billion, a P/E ratio of 21.48, a PEG ratio of 2.92 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. The business 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 firm’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 EPS. Equities analysts expect that PepsiCo will post 8.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Morgan Stanley reduced their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday. HSBC lowered their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Finally, BNP Paribas cut their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $171.76.

About PepsiCo

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.