PEP - How To Earn $500 A Month From PepsiCo Stock Following Upbeat Quarterly Earnings | Benzinga
PepsiCo Inc (NASDAQ: PEP) on Tuesday reported better-than-expected earnings for its third quarter.
The company posted third-quarter FY23 sales growth of 6.7% year-on-year to $23.45 billion, beating the analyst consensus estimate of $23.43 billion. Adjusted EPS of $2.25 beat the consensus estimate of $2.15.
PepsiCo continues to expect FY23 organic revenue growth of 10%. For FY23, the company now expects to deliver 13% core constant currency EPS growth (previously 12%). The company raised its FY23 adjusted EPS outlook from $7.47 to $7.54 versus the consensus of $7.49.
With PepsiCo reporting upbeat quarterly earnings, some investors may be eyeing potential gains from the company’s dividends. As of now, PepsiCo has a dividend yield of 2.94%, which is a quarterly dividend amount of $1.2650 a share ($4.83 a year).
To figure ...