Market Update (NYSE:PEP): PepsiCo Declares Quarterly Dividend

[PR Newswire] – PURCHASE, N.Y., July 14, 2016 /PRNewswire/ — The Board of Directors of PepsiCo, Inc. (PEP) today declared a quarterly dividend of $0.7525 per share of PepsiCo common stock, a 7.1 percent increase versus the comparable year-earlier period. Today’s action is consistent with PepsiCo’s previously announced increase in its annualized dividend to $3.01 per share from $2.81 per share, which began with the June 2016 payment. PepsiCo products are enjoyed by consumers one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $63 billion in net revenue in 2015, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. Read more on this. , currently valued at $recting to http://finance.ya, finished yesterday at $. Looking at today’s trading action, the company’s one day range from $ with a trailing 52-week range being $. PEP shares are currently priced at x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s x earnings multiple for the same period. Consensus earnings for the current quarter by the 0 sell-side analysts covering the stock is an estimate of $ per share, which would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $ is a $0.00 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $0.00 . If reported, that would be a 0.00% decrease over the year-ago quarter. In terms of ratings, d PEP from to (/fi). Previously, d PEP from to . With the above information in mind, readers should note that the average price target is $, which is 0.00% below where the stock opened this morning. See more in (NYSE:PEP) Similar Articles: Company Update: CSX Corp (NYSE:CSX) – CSX Corporation Declares Quarterly Dividend Company Update: PepsiCo Inc (NYSE:PEP) – PepsiCo Declares Quarterly Dividend Company Update: PepsiCo Inc (NYSE:PEP) – PepsiCo Announces Leadership Changes