PepsiCo, Inc. (PEP) To Go Ex-Dividend on December 6th

PepsiCo, Inc. (NASDAQ:PEP) declared a quarterly dividend on Tuesday, November 19th,RTT News reports. Stockholders of record on Friday, December 6th will be paid a dividend of 1.355 per share on Monday, January 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, December 6th.

PepsiCo has increased its dividend payment by an average of 7.1% per year over the last three years and has raised its dividend every year for the last 53 years. PepsiCo has a dividend payout ratio of 62.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect PepsiCo to earn $8.64 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 62.7%.

PepsiCo Stock Down 0.8 %

Shares of NASDAQ PEP opened at $161.70 on Wednesday. PepsiCo has a 52-week low of $155.85 and a 52-week high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The business has a fifty day moving average of $167.45 and a two-hundred day moving average of $170.01. The stock has a market cap of $221.85 billion, a PE ratio of 23.85, a PEG ratio of 3.04 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. During the same quarter in the previous year, the company posted $2.25 earnings per share. PepsiCo’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities research analysts expect that PepsiCo will post 8.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. TD Cowen cut shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their price target for the stock from $190.00 to $183.00 in a research report on Thursday, October 10th. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a report on Friday, September 20th. Deutsche Bank Aktiengesellschaft cut their price target on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Royal Bank of Canada dropped their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. reduced their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus target price of $183.92.

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.