PepsiCo is one of the world's largest food and beverage companies, with more than 143,000 employees and brands available in nearly 200 countries and territories. Its principal businesses include Pepsi-Cola beverages, Frito-Lay snacks, Gatorade sports drinks, Tropicana juices and Quaker foods. Tropicana was acquired in 1998 and PepsiCo merged with The Quaker Oats Company, including Gatorade, in 2001. Its portfolio includes 16 brands, which each generates at least $1bn in annual retail sales.
PepsiCo has a very reliable track record and consistently increases its quaterly dividend payout, making it another reliable blue chip for regular income investors.
FAQs
Today's action is consistent with PepsiCo's previously announced increase in its annualized dividend to $5.42 per share from $5.06 per share, which will begin with the June 2024 payment. This dividend is payable on June 28, 2024 to shareholders of record at the close of business on June 7, 2024.
Is PepsiCo a good dividend stock? ›
Dividend growth: PepsiCo wins
Dividend growth is one of them. Looking back since the peak of the Covid-19 crisis (see chart below), PepsiCo has increased its per-share dividend payments at a substantially faster pace than Coca-Cola: 10% today on a trailing 12-month basis versus co*ke's 5%.
Is PEP a good buy now? ›
Right now, PepsiCo possesses a Zacks Rank of #2 (Buy). Digging into valuation, PepsiCo currently has a Forward P/E ratio of 22.42. This valuation marks a premium compared to its industry's average Forward P/E of 20.09. One should further note that PEP currently holds a PEG ratio of 2.99.
Is Pepsi dividend sustainable? ›
In conclusion, PepsiCo Inc's upcoming dividend, historical dividend growth, and current payout ratio reflect a strong commitment to shareholder returns. The company's robust profitability and positive growth metrics provide a solid foundation for future dividend sustainability.
What are the three dividend stocks to buy and hold forever? ›
Here are three dividend stocks to buy now and hold forever.
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PepsiCo's next dividend payment date is on Jun 28, 2024, when PepsiCo shareholders who own PEP shares before Jun 07, 2024 will receive a dividend payment of $1.35 per share. Add PEP to your watchlist to be reminded of PEP's next dividend payment. Does PepsiCo have sufficient earnings to cover their dividend?
Should I keep my PepsiCo stock? ›
PepsiCo has a consensus rating of Moderate Buy which is based on 8 buy ratings, 5 hold ratings and 0 sell ratings. The average price target for PepsiCo is $189.40. This is based on 13 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
Is PEP a good long-term investment? ›
The company serves customers in more than 200 countries and territories. PEP is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. PEP has a Growth Style Score of A, forecasting year-over-year earnings growth of 7% for the current fiscal year.
Is Pepsi a good long term stock? ›
PepsiCo is also cash rich. The company has generated cash flow growth of 6.1%, and is expected to report cash flow expansion of 10.6% in 2024. PEP should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.
Is PEP a safe stock? ›
For starters, the company pays a very reliable quarterly dividend, and the dividend yield is high at over 3%. That's one of the highest yields it's had in the past decade. PEP dividend yield data by YCharts. Moreover, it's not a foregone conclusion that the stock will be a below-average performer.
PepsiCo stock price stood at $177.99
According to the latest long-term forecast, PepsiCo price will hit $200 by the middle of 2027 and then $250 by the middle of 2029. PepsiCo will rise to $300 within the year of 2030 and $350 in 2034.
How often does PEP pay a dividend? ›
This is the total amount of dividends paid out to shareholders in a year. PepsiCo, Inc.'s ( PEP ) ex-dividend date is June 7, 2024 , which means that buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment. PepsiCo, Inc. ( PEP ) pays dividends on a quarterly basis.
Is Pep a dividend aristocrat? ›
Federal Realty Investment Trust (NYSE:FRT)
The company has been growing its dividends for the past 56 consecutive years. The Procter & Gamble Company (NYSE:PG), Colgate-Palmolive Company (NYSE:CL), and PepsiCo, Inc. (NASDAQ:PEP) are some other popular dividend aristocrats favored by investors and analysts.
Is Pepsi a recession proof stock? ›
Is PepsiCo a buy? Considering its price-to-earnings ratio of 26.8, the stock looks fairly valued for a company with a reputation for reliable growth in a recession-proof industry. PepsiCo is known for its dependable dividend and steady dividend growth, and its yield is now 3%.
How is PepsiCo doing financially? ›
Excluding items, Pepsi earned $1.61 per share. Net sales rose 2.3% to $18.25 billion. The company's organic revenue, which excludes acquisitions, divestitures and foreign exchange, increased 2.7% in the quarter.
What will Pepsi stock be worth in 5 years? ›
PepsiCo stock price stood at $177.99
According to the latest long-term forecast, PepsiCo price will hit $200 by the middle of 2027 and then $250 by the middle of 2029. PepsiCo will rise to $300 within the year of 2030 and $350 in 2034.
How high will PepsiCo stock go? ›
Average Price Target
Based on 13 Wall Street analysts offering 12 month price targets for PepsiCo in the last 3 months. The average price target is $189.40 with a high forecast of $211.00 and a low forecast of $175.00. The average price target represents a 6.01% change from the last price of $178.66.
What is the future outlook for Pepsi? ›
Future Outlook and Strategic Priorities
Despite the complexities of the current market landscape, PepsiCo maintains a positive outlook for 2024. The company reaffirmed its guidance, projecting organic revenue growth of at least 4% and core constant currency EPS growth of at least 8%.
What is 5 year dividend growth rate? ›
This figure measures the growth of company dividends over the past five fiscal years. It is the compounded growth rate between the dividends paid out over the most recent trailing 12 months and the dividends paid out over the trailing 12 months six years ago.
