Pepsico Stock News

PepsiCo posted stronger-than-expected fourth quarter earnings Thursday, and unveiled plans for a $10 billion buyback and a dividend boost, as the drinks and snacks giant continues to grapple with surging input costs and uneven demand.

Shares of PepsiCo Inc. rose 1.4% in premarket trading Thursday, after the beverage and snacks giant reported fourth-quarter profit and revenue that topped expectations, boosted its dividend and set a new $10 billion stock repurchase program. Net income fell to $1.32 billion, or 95 cents a share, from $1.85 billion, or $1.33 a share, in the year-ago period. Excluding nonrecurring items, core earnings per share of $1.53 beat the FactSet consensus of $1.52. Revenue grew 12.4% to $25.25 billion, above the FactSet consensus of $24.24 billion, as Frito-Lay North America revenue rose 13%, Quaker Foods North America increased 9% and PepsiCo Beverages North America revenue grew 13%. For 2022, the company expects core EPS growth of 8%, while the FactSet EPS consensus of $6.73 implies 7.5% growth. The company raised its annual dividend to $4.60 a share from $4.30, with the dividend expected to be paid in June 2022. The company also announced a new $10 billion stock repurchase program through February 2026.

The soft drinks and snacks company also boost its annual dividend and announces a new stock buyback program of up to $10 billion.

PepsiCo beat expectations for fiscal fourth-quarter earnings and revenue, but warned of cost pressures ahead.

PepsiCo Inc forecast full-year earnings below analysts'' estimates on Thursday, signaling that the beverage giant anticipates recent price increases to only partially offset the hit from runaway inflation.

PepsiCo revenue surges on higher prices, inflation worries loom

PepsiCo press release (PEP): Q4 Non-GAAP EPS of $1.53 beats by $0.01.Revenue of $25.25B (+12.4% Y/Y) beats by $1.01B.Shares +0.04% PM.The company announced a 7% increase in

Some of the stocks that may grab investor focus today are: Wall Street expects PepsiCo, Inc. (NASDAQ: PEP ) to report quarterly earnings at $1.52 per share on revenue of $24.22 billion before the opening bell. PepsiCo shares rose 0.3% to $172.50 in after-hours trading. The Walt Disney Company (NYSE: DIS ) reported stronger-than-expected financial results for its fiscal first quarter. Disney ended the quarter with 129.8 million subscribers for Disney+, up 37% year-over-year. Disney shares surged 6.6% to $157.00 in the after-hours trading session. Analysts are expecting The Coca-Cola Company (NYSE: KO ) to have earned $0.41 per share Full story available on Benzinga.com

AMC Entertainment Holdings Inc (NYSE: AMC ) is trading higher Wednesday after the company announced the hiring of a former PepsiCo Inc (NASDAQ: PEP ) executive to oversee its popcorn business expansion. Beginning Feb. 18, Ellen Copaken will join AMC as the vice president of growth strategy. AMC said Copaken will lead the implementation of growth ideas Full story available on Benzinga.com

PepsiCo (NASDAQ:PEP) is scheduled to announce Q4 earnings results on Thursday, February 10th, before market open.The consensus EPS Estimate is $1.52 (+3.4% Y/Y) and the consensus…

Option traders appear to be positioning themselves for the PepsiCo (PEP) share price to rise after earnings.

Women professionals in India earn lesser and lesser than their male counterparts on every step up in their career as reflected by a widening of gender pay gap as one rises up the organisation hierarchy, according to the findings of a study on ‘The Glass Ceiling- Leadership Gender Balance in NSE 200 Companies’ by IIM Ahmedabad’s Arun Duggal ESG Centre for Research and Innovation.The report, which is based on responses from 109 out of 200 NSE companies with a sample size of over 4000 senior executives for the year 2021, shows that while women at individual contributor level earn only 2.2% less than men working in similar roles, the gap widens to 3.1% for managers/supervisors and 4.9-6.1% for Directors and senior executives. On an average women senior executives (number of senior executives who are women, including top management) earn Rs 85 for every Rs 100 that men senior executives earn. The average compensation paid to women senior executives is Rs 1.91 crore compared to Rs 2.24 crore average compensation paid to male senior executives.The survey also shows that women’s representation in the top and senior management of organisations in India is significantly lower than the percentage of women on board of directors.The representation of women in senior management of organisations is a mere 7% which declines even further at the top management level to 5%.

PepsiCo has paid and increased its dividend for 49 consecutive years.

GalaxZ22 Will Be Held May 19; Registration and Call for Speakers Now Open Zenoss Inc., the leader in AI-driven full-stack monitoring, today announced that GalaxZ22 will be held Thursday, May 19. The one-day digital conference will offer attendees a fully immersive interactive experience with free access to all keynotes, track sessions, subject matter experts, and networking opportunities. Since 2015, GalaxZ has hosted a rapidly growing audience of IT Ops, DevOps and SRE professionals from some of the world''s largest enterprises, including Google, Atlassian, AWS, BBC, United Airlines, PepsiCo, Dish Network, Nintendo, NetApp, Guardian Life, Nutanix, Saudi Aramco, Cisco and more. GalaxZ22 will feature industry luminaries, real-world customer case studies, and opportunities to network and connect with peers. "We have created a virtual conference unlike any other," said Greg Stock, chairman Full story available on Benzinga.com

The brand unveiled a limited edition set of Swag Se Solo cans giving its buyers a symbol of carrying their singleton status on their sleeves for Valentine''s Day