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11.02.2015 - PepsiCo will spend up to 9 billion on share buybacks and dividends

PepsiCo reported its financial results for the 4th quarter of last year, which were negatively affected by the fall of currency exchange rates against the US dollar. The company's profit totaled 1.31 billion for the period, against 1.74 billion for the same period of the last year. The company announced its intention to spend between 8.5 and 9.0 billion on stock buybacks and dividends, which will be increased by 7.3%. In connection with the repurchase program, as well as the expected sales growth, including the US, we expect increase of quotations of the company by 17-20% until the end of the year.

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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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