PepsiCo, Inc. $PEP Stock Position Raised by Mattern Capital Management LLC

Key Points

• Mattern Capital Management LLC increased its stake in PepsiCo, acquiring an additional 2,003 shares, bringing its total holdings to 57,452 shares valued at approximately $7.59 million.
• PepsiCo reported quarterly earnings of $2.12 per share, exceeding analysts' estimates, alongside revenue of $22.73 billion, indicating a year-over-year growth of 1.0%.
• The company recently announced a quarterly dividend of $1.4225, representing an annualized dividend yield of 4.0% despite a payout ratio of 103.64%.

Mattern Capital Management LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,452 shares of the company's stock after acquiring an additional 2,003 shares during the quarter. Mattern Capital Management LLC's holdings in PepsiCo were worth $7,586,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Dogwood Wealth Management LLC grew its holdings in shares of PepsiCo by 15.4% during the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company's stock valued at $73,000 after buying an additional 72 shares in the last quarter. Centurion Wealth Management LLC grew its holdings in shares of PepsiCo by 3.8% during the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock valued at $273,000 after buying an additional 75 shares in the last quarter. SK Wealth Management LLC grew its holdings in shares of PepsiCo by 3.3% during the second quarter. SK Wealth Management LLC now owns 2,375 shares of the company's stock valued at $319,000 after buying an additional 75 shares in the last quarter. Pflug Koory LLC grew its holdings in shares of PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after buying an additional 76 shares in the last quarter. Finally, Hoge Financial Services LLC grew its holdings in shares of PepsiCo by 2.1% during the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after buying an additional 76 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

NASDAQ PEP opened at $142.31 on Friday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The stock's 50-day moving average is $144.39 and its two-hundred day moving average is $139.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a market cap of $194.83 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 3.61 and a beta of 0.46.

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

PepsiCo Dividend Announcement

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

Wall Street Analysts Forecast Growth

PEP has been the topic of several research analyst reports. Barclays lowered their price target on shares of PepsiCo from $144.00 to $140.00 and set an "equal weight" rating on the stock in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Citigroup reduced their price objective on PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, September 25th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $157.87.

PepsiCo 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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