Mathes Company Inc. Sells 6,484 Shares of PepsiCo, Inc. $PEP

Mathes Company Inc. lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 30.3% during the first quarter, HoldingsChannel reports. The firm 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 institutional investors and hedge funds have also modified their holdings of the company. Evergreen Advisors LLC acquired a new stake in PepsiCo during the 1st quarter worth approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $26,000. Swiss RE Ltd. acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $28,000. MH & Associates Securities Management Corp ADV acquired a new stake in shares of PepsiCo during the fourth quarter worth $29,000. Finally, Imprint Wealth LLC bought a new stake in PepsiCo in the 3rd quarter valued at $31,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PEP shares. Rothschild & Co Redburn upped their target price on shares of PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. UBS Group set a $159.00 price target on PepsiCo in a report on Thursday, July 9th. Barclays reduced their price objective on PepsiCo from $144.00 to $138.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. TD Cowen decreased their price objective on PepsiCo from $150.00 to $145.00 and set a “hold” rating for the company in a report on Friday, July 10th. Finally, Morgan Stanley dropped their target price on PepsiCo from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $157.70.

PepsiCo Price Performance

NASDAQ:PEP opened at $135.46 on Tuesday. PepsiCo, Inc. has a 52-week low of $133.95 and a 52-week high of $171.48. The company has a market cap of $184.89 billion, a P/E ratio of 17.75, a P/E/G ratio of 3.01 and a beta of 0.36. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93. The stock’s 50-day simple moving average is $143.25 and its 200 day simple moving average is $151.20.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.19 by $0.01. The firm had revenue of $24.18 billion during the quarter, compared to analysts’ expectations of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.58 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.92 annualized dividend and a dividend yield of 4.4%. PepsiCo’s dividend payout ratio (DPR) is currently 77.59%.

PepsiCo Profile

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.