NEW YORK ( TheStreet) -- The following stocks go ex-dividend Wednesday, meaning an investor must purchase the shares Tuesday to qualify for the next dividend payment: PepsiCo ( PEP), Qualcomm ( QCOM), Goodrich ( GR), Lear ( LEA), Dick's Sporting Goods ( DKS) and Finish Line ( FINL). Each of the stocks is rated buy at TheStreet Ratings.
PepsiCo The soft drink maker reported earlier this month fourth-quarter earnings of $1.4 billion, or 89 cents a share, up from year-ago earnings of $1.37 billion, or 85 cents. Wells Fargo analysts, following Pepsi's presentation at the Consumer Analyst Group of New York conference, said, "We came away from the presentation more confident that PEP can improve growth in FLNA in 2012, but still cautious on the N.A. beverage business. We continue to believe the shares will stay range bound at current levels until PEP can show some traction in its N.A. beverage business or consistency in achieving new financial targets." Forward Annual Dividend Yield: 3.3% Rated "A- (Buy)" at TheStreet Ratings: The company's fourth-quarter gross profit margin was basically the same as it was last year. PepsiCo has weak liquidity. Its Quick Ratio is 0.62, which demonstrates a lack of ability to meet its short-term cash needs. In the fourth quarter, stockholders' net worth decreased 2.72% from the prior year. TheStreet Ratings' price target is $72.92. The stock closed Monday at $63.32 and has fallen 4.57% year to date.