Maple Capital Management Inc. Sells 5,940 Shares of PepsiCo, Inc. $PEP

Key Points

• Maple Capital Management Inc. decreased its stake in PepsiCo, Inc. by 35.6%, selling 5,940 shares, and now holds 10,738 shares valued at approximately $1.61 million.
• PepsiCo's stock has received a mixed reaction from analysts, resulting in four "Buy" ratings, fourteen "Hold" ratings, and one "Sell" rating, with a consensus target price of $158.67.
• The company announced a quarterly dividend of $1.4225 per share, reflecting an annualized dividend yield of 3.9%, although its payout ratio stands at 103.64%.

Maple Capital Management Inc. cut its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 35.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,738 shares of the company's stock after selling 5,940 shares during the period. Maple Capital Management Inc.'s holdings in PepsiCo were worth $1,610,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. eCIO Inc. bought a new position in PepsiCo in the 1st quarter valued at $139,000. CBIZ Investment Advisory Services LLC boosted its holdings in PepsiCo by 22.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 517 shares of the company's stock valued at $78,000 after purchasing an additional 94 shares during the period. Invst LLC boosted its holdings in PepsiCo by 143.4% in the 1st quarter. Invst LLC now owns 4,934 shares of the company's stock valued at $740,000 after purchasing an additional 2,907 shares during the period. Modern Wealth Management LLC boosted its holdings in PepsiCo by 51.8% in the 1st quarter. Modern Wealth Management LLC now owns 18,193 shares of the company's stock valued at $2,728,000 after purchasing an additional 6,211 shares during the period. Finally, Nova Wealth Management Inc. bought a new position in PepsiCo in the 1st quarter valued at $25,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Bank of America cut their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Cowen reissued a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Citigroup raised their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Morgan Stanley raised their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $158.67.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $144.23 on Friday. The stock has a market cap of $197.46 billion, a PE ratio of 26.27, a PEG ratio of 3.61 and a beta of 0.46. The company's fifty day moving average is $143.65 and its 200 day moving average is $140.69. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $179.43. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm's revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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