PepsiCo, Inc. (PEP) to Issue Quarterly Dividend of $1.48 on June 30th

PepsiCo, Inc. (NASDAQ:PEP) announced a quarterly dividend on Wednesday, May 6th. Stockholders of record on Friday, June 5th will be given a dividend of 1.48 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, June 5th. This is a 4.0% increase from PepsiCo’s previous quarterly dividend of $1.42.

PepsiCo has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 54 years. PepsiCo has a dividend payout ratio of 68.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PepsiCo to earn $9.17 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 62.1%.

PepsiCo Price Performance

NASDAQ PEP opened at $156.29 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. PepsiCo has a 12-month low of $127.60 and a 12-month high of $171.48. The company has a market capitalization of $213.61 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 2.86 and a beta of 0.38. The firm’s 50 day moving average is $157.25 and its 200-day moving average is $152.50.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, April 16th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. During the same period last year, the company earned $1.48 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. Equities research analysts anticipate that PepsiCo will post 8.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on PEP shares. Wells Fargo & Company lifted their price objective on shares of PepsiCo from $154.00 to $165.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Royal Bank Of Canada lowered their price objective on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a report on Thursday, April 9th. JPMorgan Chase & Co. lifted their price objective on shares of PepsiCo from $172.00 to $178.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of PepsiCo from $169.00 to $173.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Evercore boosted their target price on shares of PepsiCo from $165.00 to $170.00 in a report on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $170.26.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.