PepsiCo roundup: Volume up, buyback boosted, beverage business staying put


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.

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Comments (3)
  • 6869451
    , contributor
    Comments (49) | Send Message
     
    Excellent 15% dividend boost! Works out to an increase from $0.5675/quarter to $0.655/quarter. Long PEP
    13 Feb 2014, 07:34 AM Reply Like
  • tomlos
    , contributor
    Comments (1297) | Send Message
     
    Just started a position in PEP last year, but certainly a good reason to be even more long now!
    13 Feb 2014, 07:55 AM Reply Like
  • Roady26.2
    , contributor
    Comments (389) | Send Message
     
    Great news 15% increase brings PEP close to what I like to see for a 5 year Div. growth rate
    13 Feb 2014, 10:10 AM Reply Like
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