Mathes Company Inc. Increases Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Mathes Company Inc. grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,331 shares of the company’s stock after buying an additional 355 shares during the period. PepsiCo makes up about 1.4% of Mathes Company Inc.’s holdings, making the stock its 23rd biggest holding. Mathes Company Inc.’s holdings in PepsiCo were worth $3,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Intrepid Financial Planning Group LLC raised its stake in shares of PepsiCo by 27.6% during the second quarter. Intrepid Financial Planning Group LLC now owns 2,565 shares of the company’s stock worth $423,000 after acquiring an additional 555 shares in the last quarter. AllGen Financial Advisors Inc. raised its position in PepsiCo by 7.2% in the 2nd quarter. AllGen Financial Advisors Inc. now owns 18,274 shares of the company’s stock worth $3,014,000 after purchasing an additional 1,222 shares during the period. Middleton & Co. Inc. MA lifted its stake in PepsiCo by 1.7% in the second quarter. Middleton & Co. Inc. MA now owns 24,989 shares of the company’s stock worth $4,121,000 after purchasing an additional 412 shares during the last quarter. Miramar Capital LLC grew its stake in shares of PepsiCo by 12.6% during the second quarter. Miramar Capital LLC now owns 119,089 shares of the company’s stock valued at $19,641,000 after buying an additional 13,326 shares during the last quarter. Finally, Altrius Capital Management Inc increased its holdings in shares of PepsiCo by 2.2% in the second quarter. Altrius Capital Management Inc now owns 23,664 shares of the company’s stock worth $3,903,000 after buying an additional 504 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $175.21 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The company’s fifty day moving average price is $173.20 and its 200-day moving average price is $171.68. The stock has a market cap of $240.88 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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 net margin of 10.34% and a return on equity of 57.37%. The business had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. During the same quarter in the prior year, the company earned $2.09 earnings per share. The business’s revenue was up .8% compared to the same quarter last year. On average, equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is 78.66%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PEP shares. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a research report on Friday, July 19th. Wells Fargo & Company cut their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Morgan Stanley lowered their price objective on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Bank of America cut their target price on PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Finally, Barclays upped their price target on PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $185.53.

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.