NEW YORK — PepsiCo Inc.’s net income rose 17 percent in the fourth quarter as it raised prices and sold more snacks and drinks around the world. Earnings and revenue beat analysts’ estimates.
The company also provided an annual earnings outlook in line with Wall Street expectations and raised its quarterly dividend by 5.6 percent.
The results mark the end of what chief executive Indra Nooyi said would be a ‘‘transitional year’’ of embarking on cost-cutting and stepping up investment in flagship brands, including Frito-Lay, Gatorade, and Quaker.
‘‘I believe that 2012 marked a turning point for PepsiCo,’’ Nooyi told investors.
The company has been looking for growth in countries such as China and India. But over the past year, PepsiCo has also made a point of investing more heavily in its namesake soda in North America, most recently with sponsorship of the Super Bowl halftime show.
PepsiCo is also focusing on new products. This month, it’s introducing a Mountain Dew breakfast drink marketed to young men who don’t like coffee or tea.
For the period ended Dec. 29, PepsiCo earned $1.66 billion, or $1.06 per share. That’s compared with $1.42 billion, or 89 cents per share, a year earlier.