PepsiCo, Inc. (NASDAQ:PEP) announced a quarterly dividend on Wednesday, February 13th, RTT News reports. Shareholders of record on Friday, March 1st will be paid a dividend of 0.9275 per share on Friday, March 29th. This represents a $3.71 annualized dividend and a dividend yield of 3.25%.

PepsiCo has raised its dividend by an average of 8.5% per year over the last three years and has increased its dividend annually for the last 46 consecutive years. PepsiCo has a dividend payout ratio of 65.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect PepsiCo to earn $5.80 per share next year, which means the company should continue to be able to cover its $3.71 annual dividend with an expected future payout ratio of 64.0%.

Shares of NASDAQ PEP opened at $114.12 on Thursday. The firm has a market cap of $159.56 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 2.78 and a beta of 0.62. PepsiCo has a one year low of $95.94 and a one year high of $122.00. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.15 and a current ratio of 1.31.

Several equities research analysts have commented on PEP shares. Zacks Investment Research lowered shares of PepsiCo from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. ValuEngine upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, December 1st. BidaskClub upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. Finally, UBS Group started coverage on shares of PepsiCo in a research report on Thursday, December 13th. They set a “neutral” rating and a $123.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $117.38.

Institutional investors have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. boosted its position in shares of PepsiCo by 11.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 644,932 shares of the company’s stock worth $71,252,000 after buying an additional 64,432 shares in the last quarter. Resources Investment Advisors Inc. boosted its position in shares of PepsiCo by 18.8% in the 4th quarter. Resources Investment Advisors Inc. now owns 13,047 shares of the company’s stock worth $1,441,000 after buying an additional 2,063 shares in the last quarter. Pegasus Asset Management Inc. boosted its position in shares of PepsiCo by 3.8% in the 4th quarter. Pegasus Asset Management Inc. now owns 24,749 shares of the company’s stock worth $2,734,000 after buying an additional 900 shares in the last quarter. Haverford Trust Co. boosted its position in shares of PepsiCo by 0.9% in the 4th quarter. Haverford Trust Co. now owns 1,178,313 shares of the company’s stock worth $130,180,000 after buying an additional 10,606 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of PepsiCo by 3.8% in the 4th quarter. CIBC Asset Management Inc now owns 227,101 shares of the company’s stock worth $25,090,000 after buying an additional 8,313 shares in the last quarter. Institutional investors and hedge funds own 72.59% of the company’s stock.

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About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Dividend History for PepsiCo (NASDAQ:PEP)

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