PepsiCo Inc. (NYSE:PEP) EVP Mehmood Khan sold 51,137
shares of the firm’s stock in a transaction on Thursday, July 28th. The stock
was sold at an average price of $107.30, for a total value of $5,487,000.10.
Following the transaction, the executive vice president now directly owns
164,464 shares of the company’s stock, valued at $17,646,987.20. The sale was
disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
The business also recently declared a quarterly dividend,
which will be paid on Friday, September 30th. Investors of record on Friday,
September 2nd will be paid a $0.7525 dividend. This represents a $3.01 dividend
on an annualized basis and a yield of 2.76%. The ex-dividend date is Wednesday,
August 31st.
Source: American Banking and Market News
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