Mattson Financial Services LLC Grows Position in PepsiCo, Inc. $PEP

Key Points

• Mattson Financial Services LLC significantly increased its holdings in PepsiCo, growing its position by 2,792.0% in the first quarter, owning 6,478 shares worth approximately $971,000.
• PepsiCo reported earnings of $2.12 per share in its latest quarterly results, surpassing analysts' expectations and showing a 1.0% increase in revenue year-over-year.
• The company declared a quarterly dividend of $1.4225, translating to an annual yield of 4.0%, with a payout ratio of 103.64%.

Mattson Financial Services LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2,792.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,478 shares of the company's stock after buying an additional 6,254 shares during the quarter. Mattson Financial Services LLC's holdings in PepsiCo were worth $971,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PEP. Elite Financial Inc. purchased a new position in shares of PepsiCo in the first quarter valued at $28,000. Measured Risk Portfolios Inc. acquired a new position in PepsiCo during the 4th quarter valued at about $31,000. Sunbeam Capital Management LLC acquired a new position in PepsiCo during the 4th quarter valued at about $47,000. MorganRosel Wealth Management LLC bought a new position in shares of PepsiCo during the 1st quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PepsiCo in the first quarter worth about $58,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.3%

Shares of PepsiCo stock opened at $142.66 on Thursday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.43. The stock has a market cap of $195.31 billion, a P/E ratio of 25.99, a P/E/G ratio of 3.62 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The business's 50 day moving average is $143.47 and its 200-day moving average is $140.75.

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

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio is 103.64%.

Analysts Set New Price Targets

Several research firms recently commented on PEP. Wells Fargo & Company raised their price target on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Citigroup lifted their price target on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Barclays boosted their target price on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. cut their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Finally, Morgan Stanley lifted their price target on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $158.60.

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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