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