PepsiCo, Inc. (PEP) To Go Ex-Dividend on September 4th

PepsiCo, Inc. (NASDAQ:PEP) declared a quarterly dividend on Friday, July 17th. Stockholders of record on Friday, September 4th will be given a dividend of 1.48 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, September 4th.

PepsiCo has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 54 consecutive years. PepsiCo has a dividend payout ratio of 70.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect PepsiCo to earn $8.99 per share next year, which means the company should continue to be able to cover its $5.92 annual dividend with an expected future payout ratio of 65.9%.

PepsiCo Price Performance

PEP opened at $139.79 on Wednesday. The company’s 50-day simple moving average is $139.80 and its two-hundred day simple moving average is $149.00. PepsiCo has a 52-week low of $133.73 and a 52-week high of $171.48. The stock has a market capitalization of $190.80 billion, a P/E ratio of 18.32, a P/E/G ratio of 3.08 and a beta of 0.35. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.01. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The business had revenue of $24.18 billion during the quarter, compared to analyst estimates of $23.95 billion. During the same period in the previous year, the business earned $0.92 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, analysts predict that PepsiCo will post 8.57 EPS for the current year.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent analyst reports. Royal Bank Of Canada reduced their price target on PepsiCo from $163.00 to $161.00 and set a “sector perform” rating on the stock in a research report on Friday, July 10th. Barclays increased their price objective on PepsiCo from $138.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Wells Fargo & Company cut their price target on shares of PepsiCo from $150.00 to $140.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Piper Sandler set a $176.00 price objective on shares of PepsiCo in a research note on Thursday, July 9th. Finally, Evercore set a $150.00 price objective on PepsiCo in a report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $157.90.

About PepsiCo

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.