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From: rnsmth	2/10/2022 7:23:36 AM
	6 Recommendations Recommended By KeithX LegitDGIguy Markbn marsdon Menominee and 1 more member of 2146

PepsiCo Non-GAAP EPS of $1.53 beats by $0.01, revenue beats by $1.01B, increases dividend by 7% and approves new buyback up to $10B Feb. 10, 2022 6:05 AM ETPepsiCo, Inc. (PEP)By: Niloofer Shaikh, SA News Editor24 Comments PepsiCo press release (NASDAQ:PEP): Q4 Non-GAAP EPS of $1.53 beats by $0.01. Revenue of $25.25B (+12.4% Y/Y) beats by $1.01B. Shares +0.04% PM. The company announced a 7% increase in its annualized dividend to $4.60 per share from $4.30 per share, effective with the dividend expected to be paid in June 2022. The company also announced a new share repurchase program providing for the repurchase of up to $10B of PepsiCo common stock through February 28, 2026. For FY2022, the company expects a 6% increase in organic revenue; core annual effective tax rate of 20%; Total cash returns to shareholders of approximately $7.7B, comprised of dividends of $6.2Bn and share repurchases of $1.5B; core earnings per share of $6.67 vs. consensus of $6.72.

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