Mattern Capital Management LLC Acquires 2,003 Shares of PepsiCo, Inc. $PEP

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new position in PepsiCo during the first quarter valued at about $25,000. Elite Financial Inc. bought a new position in PepsiCo during the first quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo during the second quarter valued at about $29,000. Investment Research & Advisory Group Inc. increased its stake in PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares during the period. Finally, MorganRosel Wealth Management LLC bought a new position in PepsiCo during the first quarter valued at about $55,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.6%

Shares of PEP opened at $142.31 on Friday. The company has a market capitalization of $194.83 billion, a P/E ratio of 25.92, a PEG ratio of 3.61 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The business’s 50 day simple moving average is $144.39 and its 200-day simple moving average is $139.50.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.PepsiCo’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Bank of America decreased their price objective on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Barclays decreased their price objective on PepsiCo from $144.00 to $140.00 and set an “equal weight” rating on the stock in a report on Thursday. Royal Bank Of Canada decreased their price objective on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Wells Fargo & Company decreased their price objective on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $157.87.

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.