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PepsiCo Stock Falls Despite Earnings Beat, Dividend Hike


//business-finance.news-articles.net/content/202 .. k-falls-despite-earnings-beat-dividend-hike.html
Published in Business and Finance on by Kiplinger   Print publication without navigation

PepsiCo stock is lower Tuesday after the soft drink maker's top-line miss offsets an earnings beat and dividend hike. Here's what to know.

The article from Kiplinger discusses PepsiCo's recent financial performance and strategic moves. PepsiCo reported a robust first-quarter earnings with a 2.3% increase in organic revenue, surpassing expectations. This growth was driven by a 13% rise in pricing, although there was a slight volume decline. The company also raised its full-year guidance, expecting a 4% organic revenue growth and a 12% increase in core constant currency earnings per share. Additionally, PepsiCo announced a 7% hike in its quarterly dividend, marking the 51st consecutive year of dividend increases, which underscores its commitment to shareholder returns. The article also touches on PepsiCo's strategic shift towards healthier product offerings, aiming to adapt to changing consumer preferences. Despite these positive developments, the stock experienced a slight dip in premarket trading, reflecting mixed market reactions to the earnings report.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/pepsico-pep-stock-earnings-dividend-hike ]

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