Mascoma Wealth Management LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 15.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,517 shares of the company’s stock after purchasing an additional 334 shares during the period. Mascoma Wealth Management LLC’s holdings in PepsiCo were worth $415,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of PEP. Valued Wealth Advisors LLC increased its position in PepsiCo by 77.5% in the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after buying an additional 69 shares during the period. POM Investment Strategies LLC increased its holdings in shares of PepsiCo by 141.3% in the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after acquiring an additional 106 shares during the period. Summit Securities Group LLC bought a new stake in PepsiCo in the 2nd quarter valued at about $30,000. Fortis Group Advisors LLC boosted its stake in PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 97 shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new position in PepsiCo in the 1st quarter worth about $35,000. 73.07% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a research report on Friday, July 19th. TD Cowen decreased their price target on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Wells Fargo & Company cut their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Finally, Barclays boosted their price target on shares of PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo has an average rating of “Moderate Buy” and an average price target of $185.53.
PepsiCo Stock Performance
PEP opened at $177.54 on Wednesday. The business has a fifty day simple moving average of $170.22 and a 200-day simple moving average of $170.95. The firm has a market cap of $244.08 billion, a PE ratio of 25.77, a P/E/G ratio of 2.99 and a beta of 0.52. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $183.41.
PepsiCo (NASDAQ:PEP – Get Free Report) last issued its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The firm had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. During the same quarter last year, the business posted $2.09 EPS. PepsiCo’s revenue was up .8% on a year-over-year basis. As a group, equities analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.
PepsiCo Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.05%. The ex-dividend date is Friday, September 6th. PepsiCo’s payout ratio is 78.66%.
About PepsiCo
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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