PepsiCo, Inc. $PEP Shares Sold by Mascoma Wealth Management LLC

Mascoma Wealth Management LLC cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 14.6% in the second quarter, HoldingsChannel reports. The fund owned 1,906 shares of the company’s stock after selling 326 shares during the period. Mascoma Wealth Management LLC’s holdings in PepsiCo were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo in the first quarter valued at approximately $25,000. Elite Financial Inc. purchased a new stake in shares of PepsiCo in the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of PepsiCo in the second quarter valued at approximately $29,000. Investment Research & Advisory Group Inc. increased its position in shares of PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after buying an additional 232 shares in the last quarter. Finally, MorganRosel Wealth Management LLC purchased a new stake in shares of PepsiCo in the first quarter valued at approximately $55,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $141.98 on Friday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The business’s fifty day simple moving average is $144.36 and its 200-day simple moving average is $139.39. The firm has a market cap of $194.38 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the prior year, the company posted $2.28 EPS. The company’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. Equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently commented on PEP. Barclays restated a “cautious” rating on shares of PepsiCo in a research report on Friday. UBS Group dropped their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Citigroup dropped their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Royal Bank Of Canada dropped their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.