Mathes Company Inc. decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 30.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,922 shares of the company’s stock after selling 6,484 shares during the quarter. Mathes Company Inc.’s holdings in PepsiCo were worth $2,317,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Evergreen Advisors LLC acquired a new position in shares of PepsiCo during the first quarter valued at $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in PepsiCo in the fourth quarter valued at about $26,000. Swiss RE Ltd. acquired a new stake in PepsiCo in the fourth quarter worth about $28,000. MH & Associates Securities Management Corp ADV bought a new stake in PepsiCo during the 4th quarter worth about $29,000. Finally, Networth Advisors LLC lifted its position in PepsiCo by 2,857.1% during the 1st quarter. Networth Advisors LLC now owns 207 shares of the company’s stock valued at $32,000 after purchasing an additional 200 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have recently issued reports on PEP shares. Piper Sandler set a $176.00 target price on shares of PepsiCo in a research note on Thursday, July 9th. Morgan Stanley dropped their price target on shares of PepsiCo from $180.00 to $160.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Royal Bank Of Canada reduced their price objective on shares of PepsiCo from $163.00 to $161.00 and set a “sector perform” rating on the stock in a research note on Friday, July 10th. Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Finally, JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $178.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, July 1st. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $157.70.
PepsiCo Price Performance
PepsiCo stock opened at $135.46 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91. The firm has a market capitalization of $184.89 billion, a P/E ratio of 17.75, a PEG ratio of 3.01 and a beta of 0.36. The business has a 50-day moving average of $143.25 and a 200-day moving average of $151.20. PepsiCo, Inc. has a 1 year low of $133.95 and a 1 year high of $171.48.
PepsiCo (NASDAQ:PEP – Get Free Report) last announced its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.01. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The business had revenue of $24.18 billion for the quarter, compared to the consensus estimate of $23.95 billion. During the same period last year, the company posted $0.92 EPS. PepsiCo’s revenue for the quarter was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.58 EPS for the current year.
PepsiCo Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be issued a $1.48 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.92 annualized dividend and a yield of 4.4%. PepsiCo’s dividend payout ratio (DPR) is 77.59%.
About PepsiCo
PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.
Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.
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