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PepsiCo beats profit estimates, sets $12 billion buyback plan
2015-02-11 14:42:43| Beverages - Topix.net
Shares of the company, which has been under pressure from activist investor Nelson Peltz, were up more than 3 percent in premarket trading on Wednesday. Pepsi also hiked its annual dividend by 7.3 percent to $2.81 per share and said it expects to return about $8.5-$9 billion to shareholders through dividends and buybacks this year.
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Category:Food and Related Products