PepsiCo's stock slumps as results offset raised dividend, new $15 billion buyback program [MarketWatch]
PepsiCo, Inc. (PEP)
Last pepsico, inc. earnings: 4/28 06:03 am
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Source: MarketWatch
PepsiCo's stock slumps as results offset raised dividend, new $15 billion buyback program Shares of PepsiCo Inc. PEP, -0.59% shed 1.2% in premarket trade Tuesday, as the beverages and snack giant's raised dividend and new buyback program offset fourth-quarter results that showed another decline in beverage and snack sales. Pepsi said it will increase its annual dividend 15% to $3.71 a share from $3.22 a share, starting with the dividend to be paid in June 2018. The company also announced a new $15 billion stock repurchase program, starting July 1, 2018 and expiring June 30, 2021, replacing the $12 billion program that started on July 1, 2015. Based on Monday's closing price of $111.93, the new annual dividend rate implies a dividend yield 3.14%, compared with the current 3.37% yield for rival Coca-Cola Co. KO, -0.09% and the implied yield of 1.92% for the S&P 500 SPX, -0.40% according to FactSet. Also at Monday's stock closing price, the new buyback program would allow the co
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PEP
News
- PepsiCo, Inc. (NASDAQ: PEP) had its price target raised by analysts at Barclays PLC from $184.00 to $185.00. They now have an "overweight" rating on the stock.MarketBeat
- Here's Why PepsiCo (PEP) is a Strong Growth Stock [Yahoo! Finance]Yahoo! Finance
- Pepsi Tops Estimates Despite A Weakened Domestic Market [Yahoo! Finance]Yahoo! Finance
- PepsiCo, Inc. (NASDAQ: PEP) had its price target raised by analysts at JPMorgan Chase & Co. from $178.00 to $181.00. They now have a "neutral" rating on the stock.MarketBeat
- PepsiCo beats Q1 revenue forecasts as price increases [MoneySense]MoneySense
PEP
Earnings
- 4/24/24 - Miss
PEP
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/15/24 - Form PX14A6G
- PEP's page on the SEC website