Recent Buy - Pepsico (PEP)
Earlier
this week I purchased shares of the soft drink giant Pepsico (PEP).
I purchased another 14
shares
at $85.71 a share which give me a grand total of 43 shares. I have made two previous Pepsi purchases this year at $81 and $83 respectively. As of this writing the stock is sitting at around $87 so I got in on a tiny dip. Recently PEP
announced a generous 15.4% dividend increase which is a big factor in my latest purchase here.PepsiCo, Inc. (PepsiCo), incorporated on November 13, 1986, is a global food and beverage company. Through the Company's bottlers, contract manufacturers and other partners, the Company makes, markets, sells and distributes a range of foods and beverages in more than 200 countries and territories.
PEP Basic Statistics
- Ticker Symbol:PEP
- PE Ratio: 19
- Yield: 3.1%
- Dividend Growth 10yr: 13%
- Payout Ratio: 51%
- Market cap: $126 B
- Website: http://www.pepsico.com
I really like PEP's future and that 15% increase sure was nice. Although I'm still puzzled why they announced it earlier this year for this next payment but had a payment at the old rate in between. I guess they wanted to get some positive news about them. Anyways, I like the buy and I hope to get a chance to add some more myself.
ReplyDeleteHi Captain Dividend.
ReplyDeleteThe dividend growth rate of Pepsico as of recently is remarkable. I currently have it on my watch list, and consider buying it on a dip in the coming months.
Best,
DW
Capt. Dividend - Pepsi dividend has grown nicely throughout the years. Long term, I like the buy as their dividends appears to be very stable. In fact, both PEP and KO is on my watch list and I hope to own some shares in both companies eventually. I'm just waiting for an attractive entry point. :)
ReplyDeleteWishing you continued success in your journey! AFFJ
one of those stocks U just buy more of! I get it! P/E lil higher than I like but their recent div% increases make up for it. Good buy!
ReplyDeleteCapt. Dividend,
ReplyDeleteGreat buy here with Pepsi. I really like the fact that their Dividend Yield is over 3%. Like Asset mentioned the P/E is a little high but you can't ever go wrong with investing in a great company like Pepsi. You can go to sleep at night knowing that you invested in a quality stock. Thanks for posting.
Dividend Mongrel
http://dividendmongrel.blogspot.com/