Pepsico (PEP) maintains it's on track to meet productivity targets as it comes off a steady Q4 performance.
Organic volume was up 3% for the Snacks business and 1% for Beverages.
Both Frito-Lay North America and PepsiCo Americas Food got a revenue boost off of net pricing increases.
On the spinoff notion: PepsiCo says it will maximize shareholder value by retaining the North American beverage business in its current corporate structure.
Despite recent turmoils of major companies in emerging markets (see P&G), PepsiCo struck double-digit sales gains in Latin America and Asia.
The company raises its dividend payout rate to $2.62/share from $2.27/share and raises its buyback to close to $5B.