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