PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Mattern Capital Management LLC

Mattern Capital Management LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,256 shares of the company’s stock after buying an additional 3,315 shares during the period. Mattern Capital Management LLC’s holdings in PepsiCo were worth $8,098,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Cross Staff Investments Inc grew its holdings in PepsiCo by 0.9% in the third quarter. Cross Staff Investments Inc now owns 7,080 shares of the company’s stock valued at $1,204,000 after purchasing an additional 60 shares during the period. Paulson Wealth Management Inc. grew its holdings in PepsiCo by 2.1% in the third quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock valued at $508,000 after purchasing an additional 60 shares during the period. LCM Capital Management Inc grew its stake in PepsiCo by 0.8% during the third quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock worth $1,288,000 after buying an additional 62 shares during the period. Demars Financial Group LLC grew its stake in PepsiCo by 1.1% during the third quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock worth $973,000 after buying an additional 62 shares during the period. Finally, Sigma Investment Counselors Inc. grew its stake in PepsiCo by 1.6% during the third quarter. Sigma Investment Counselors Inc. now owns 4,310 shares of the company’s stock worth $733,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Citigroup decreased their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. CICC Research restated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Royal Bank of Canada began coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 target price for the company. Barclays decreased their target price on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, BNP Paribas decreased their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, PepsiCo has a consensus rating of “Hold” and an average target price of $171.47.

PepsiCo Trading Up 2.3 %

Shares of NASDAQ PEP opened at $149.10 on Friday. The stock has a market cap of $204.49 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 3.02 and a beta of 0.54. The business has a 50 day simple moving average of $148.94 and a 200 day simple moving average of $162.49. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 EPS. On average, research analysts predict that PepsiCo, Inc. will post 8.31 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.64%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

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.