Maple Capital Management Inc. Decreases Stock Holdings in PepsiCo, Inc. $PEP

Maple Capital Management Inc. decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 35.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,738 shares of the company’s stock after selling 5,940 shares during the quarter. Maple Capital Management Inc.’s holdings in PepsiCo were worth $1,610,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PEP. Brighton Jones LLC boosted its stake in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of PepsiCo by 2.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company’s stock valued at $71,527,000 after purchasing an additional 11,538 shares in the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of PepsiCo during the 4th quarter valued at about $991,000. ProShare Advisors LLC boosted its stake in shares of PepsiCo by 13.0% during the 4th quarter. ProShare Advisors LLC now owns 2,850,140 shares of the company’s stock valued at $433,392,000 after purchasing an additional 328,696 shares in the last quarter. Finally, Port Capital LLC boosted its stake in shares of PepsiCo by 5.6% during the 4th quarter. Port Capital LLC now owns 1,518 shares of the company’s stock valued at $231,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 1.1%

Shares of NASDAQ PEP opened at $144.23 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm’s 50 day moving average price is $143.65 and its 200-day moving average price is $140.69. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.43. The company has a market cap of $197.46 billion, a PE ratio of 26.27, a P/E/G ratio of 3.61 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. During the same period in the previous year, the company earned $2.28 earnings per share. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo’s payout ratio is presently 103.64%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PEP. Citigroup lifted their target price on shares of PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, July 18th. JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 10th. UBS Group dropped their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday. Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Morgan Stanley boosted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $158.67.

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.