PepsiCo (PEP) Tops Q4 EPS by 1c; Raises Dividend 15%, Announces $15B Buyback

PepsiCo (NASDAQ: PEP) reported Q4 EPS of $1.31, $0.01 better than the analyst estimate of $1.30. Revenue for the quarter came in at $19.53 billion versus the consensus estimate of $19.37 billion.

GUIDANCE:

PepsiCo sees FY2018 EPS of $5.70, versus the consensus of $5.67. Full-year organic revenue growth to be at least in line with the 2017 growth rate.

The Company today announced a 15 percent increase in its annualized dividend per share to $3.71 from $3.22 per share, effective with the dividend expected to be paid in June 2018. This represents the Company’s 46th consecutive annual dividend per share increase. Total dividends to shareholders are expected to be approximately $5 billion and share repurchases are expected to be approximately $2 billion.

The Company also announced a new share repurchase program providing for the repurchase of up to $15 billion of PepsiCo common stock commencing on July 1, 2018 and expiring on June 30, 2021. This will replace the $12 billion repurchase program which commenced on July 1, 2015 and expires on June 30, 2018.

For earnings history and earnings-related data on PepsiCo (PEP) click here.

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