PepsiCo, Inc. (PEP) to Issue Quarterly Dividend of $0.81

PepsiCo, Inc. (NASDAQ:PEP) declared a quarterly dividend on Monday, February 5th, RTT News reports. Investors of record on Friday, March 2nd will be paid a dividend of 0.805 per share on Friday, March 30th. This represents a $3.22 annualized dividend and a yield of 2.81%.

Shares of PepsiCo (PEP) traded down $4.21 during midday trading on Monday, reaching $114.46. The company had a trading volume of 5,326,058 shares, compared to its average volume of 3,810,000. PepsiCo has a 1 year low of $104.06 and a 1 year high of $122.51. The firm has a market capitalization of $162,780.00, a PE ratio of 23.65, a PEG ratio of 3.06 and a beta of 0.62. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32.

A number of research firms have recently issued reports on PEP. Stifel Nicolaus reaffirmed a “hold” rating and issued a $120.00 price objective on shares of PepsiCo in a research report on Friday, December 22nd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $124.00 price objective (up from $122.00) on shares of PepsiCo in a research report on Thursday. SunTrust Banks began coverage on PepsiCo in a research report on Monday, January 29th. They issued a “hold” rating and a $125.00 price objective for the company. BidaskClub cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Zacks Investment Research cut PepsiCo from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. PepsiCo currently has an average rating of “Hold” and a consensus price target of $123.44.

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PepsiCo Company Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

Dividend History for PepsiCo (NASDAQ:PEP)

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