PepsiCo
it beat earnings and revenue estimates in the fourth quarter, buoyed by higher prices. It raised its annual dividend, lifting the shares in premarket trading on Thursday.
The beverage and snacks giant (ticker:PEP) reported adjusted earnings per share (EPS) of $1.67 on sales of $28 billion. Analysts had expected EPS of $1.65 on sales of $26.8 billion.