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

|About: PepsiCo Inc. (PEP)|By:, SA News Editor

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.