Portfolio Update
The FiveTwenty portfolio received $445.46 dividends in the past week. AFL, BKH, ENB, FTS, SJM, and SWX paid their quarterly dividends during the week.
| Past Week Dividend | $445.46 |
| Current Quarter Dividend (Q2 2023) | $1,262.93 |
| LifeTime Dividend | $11,436.51 |
| Estimated Annual Dividend | $9,451.33 |
The capital allocation for the week of 06/04/2023 to 06/10/2023 will be used to add to our position in PepsiCo Inc (NASDAQ: PEP).
PEP – Position Update
Since our last check-in on PEP in week 20 of 2023, there have been no new developments. Furthermore, the share price has decreased 6.1% from $196.12 to $184.06.
| TTM | Prev. Update | 10-year median | |
| Dividend Streak | 50 years | 50 years | |
| Yield | 2.56% | 2.35% | 2.73% |
| Payout Ratio | 67.36%1 | 65.71%1 | |
| P/E | 26.291 | 27.751 |
1 computed using adjusted (core) EPS of $7.00 as of Q1 2023
Q1 2023 earnings report
Did PEP’s latest earnings report raise any warning flags?
We discussed PEP’s Q1 2023 results in a previous update. Overall, revenue grew 10.2%, core net income increased 15.4%, and core EPS were 16.3% higher than in Q1 2022.
| Revenue (in millions) | Core Net Income (in millions) | Core EPS . | |
| Q1 2022 | $16,200 | $1,795 | $1.29 |
| Q1 2023 | $17,846 | $2,071 | $1.50 |
| % Change | 10.2% | 15.4% | 16.3% |
Thesis
Why are we adding to our position in PEP?
Our thesis remains unchanged for the recent update. This week’s investment represents our desire to continue to build our position in the company.
Previous Articles
- 2023 Week 20: PepsiCo Inc (NASDAQ: PEP)
- 2023 Week 19: PepsiCo Inc (NASDAQ: PEP)
- 2023 Week 9: PepsiCo Inc (NASDAQ: PEP)
- 2023 Week 8: PepsiCo Inc (NASDAQ: PEP)
Photo by John Fornander on Unsplash