PepsiCo, Inc. (NASDAQ:PEP) declared a quarterly dividend on Monday, February 5th, RTT News reports. Shareholders of record on Friday, March 2nd will be given a dividend of 0.805 per share on Friday, March 30th. This represents a $3.22 dividend on an annualized basis and a yield of 2.81%.
PepsiCo (NASDAQ PEP) traded down $4.21 during trading on Monday, reaching $114.46. The company’s stock had a trading volume of 5,326,058 shares, compared to its average volume of 3,810,000. PepsiCo has a 12-month low of $104.06 and a 12-month high of $122.51. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35. The company has a market cap of $162,780.00, a price-to-earnings ratio of 23.65, a PEG ratio of 3.06 and a beta of 0.62.
A number of research firms have commented on PEP. Stifel Nicolaus restated a “hold” rating and set a $120.00 price objective on shares of PepsiCo in a research note on Friday, December 22nd. BidaskClub lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded PepsiCo from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Royal Bank of Canada restated a “hold” rating on shares of PepsiCo in a research note on Sunday, November 12th. Finally, Deutsche Bank started coverage on PepsiCo in a research note on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $123.44.
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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).
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