Mascoma Wealth Management LLC Cuts Stake in PepsiCo, Inc. $PEP

Mascoma Wealth Management LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 14.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo during the first quarter valued at $25,000. Elite Financial Inc. purchased a new position in shares of PepsiCo during the first quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo in the second quarter valued at about $29,000. Investment Research & Advisory Group Inc. grew its stake in 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 purchasing an additional 232 shares during the last quarter. Finally, MorganRosel Wealth Management LLC purchased a new position in PepsiCo in the first quarter valued at about $55,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the topic of several analyst reports. Citigroup cut their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Royal Bank Of Canada cut their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PepsiCo in a research note on Saturday, September 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Morgan Stanley boosted their price target on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given 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 $157.87.

PepsiCo Trading Down 0.2%

PepsiCo stock opened at $141.98 on Friday. 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, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The company has a market capitalization of $194.38 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The stock has a 50-day moving average price of $144.36 and a 200 day moving average price of $139.39.

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

PepsiCo Dividend Announcement

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

PepsiCo 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.