PepsiCo, Inc. (NASDAQ:PEP) Plans $1.42 Quarterly Dividend

PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) declared a quarterly dividend on Thursday, July 24th, RTT News reports. Investors of record on Friday, September 5th will be paid a dividend of 1.4225 per share on Tuesday, September 30th. This represents a $5.69 annualized dividend and a yield of 3.97%.

PepsiCo has a dividend payout ratio of 68.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect PepsiCo to earn $8.84 per share next year, which means the company should continue to be able to cover its $5.69 annual dividend with an expected future payout ratio of 64.4%.

PepsiCo Stock Down 0.8%

NASDAQ:PEP traded down $1.19 during midday trading on Friday, reaching $143.32. The company had a trading volume of 2,903,555 shares, compared to its average volume of 8,544,913. The firm has a market capitalization of $196.22 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 3.99 and a beta of 0.45. The stock's fifty day simple moving average is $133.35 and its 200-day simple moving average is $141.04. PepsiCo has a 12-month low of $127.60 and a 12-month high of $180.91. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The company had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same period last year, the firm earned $2.28 earnings per share. PepsiCo's quarterly revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that PepsiCo will post 8.3 earnings per share for the current fiscal year.

Institutional Trading of PepsiCo

An institutional investor recently bought a new position in PepsiCo stock. Caxton Associates LLP purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,673 shares of the company's stock, valued at approximately $251,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on PEP. Bank of America dropped their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Evercore ISI set a $140.00 target price on PepsiCo in a research report on Thursday, April 24th. Barclays upped their price target on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday. Citigroup upped their price target on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, Wells Fargo & Company upped their price target on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, PepsiCo has a consensus rating of "Hold" and a consensus target price of $158.73.

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.