Community Bank N.A. cut its position in PepsiCo Inc. (NYSE:PEP) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 58,547 shares of the company’s stock after selling 25 shares during the period. PepsiCo comprises about 1.5% of Community Bank N.A.’s holdings, making the stock its 17th largest position. Community Bank N.A.’s holdings in PepsiCo were worth $6,202,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Palisade Capital Management LLC NJ raised its stake in shares of PepsiCo by 0.3% in the first quarter. Palisade Capital Management LLC NJ now owns 3,251 shares of the company’s stock worth $333,000 after buying an additional 11 shares in the last quarter. Ronna Sue Cohen raised its stake in shares of PepsiCo by 0.3% in the first quarter. Ronna Sue Cohen now owns 7,199 shares of the company’s stock worth $738,000 after buying an additional 23 shares in the last quarter. Dynamic Advisors Solutions LLC raised its stake in shares of PepsiCo by 0.6% in the first quarter. Dynamic Advisors Solutions LLC now owns 4,548 shares of the company’s stock worth $466,000 after buying an additional 26 shares in the last quarter. Harvest Capital Management Inc. raised its stake in shares of PepsiCo by 0.4% in the second quarter. Harvest Capital Management Inc. now owns 10,841 shares of the company’s stock worth $1,148,000 after buying an additional 46 shares in the last quarter. Finally, Northern Oak Wealth Management Inc. raised its stake in shares of PepsiCo by 0.4% in the first quarter. Northern Oak Wealth Management Inc. now owns 17,427 shares of the company’s stock worth $1,786,000 after buying an additional 67 shares in the last quarter. 70.08% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Inc. (NYSE:PEP) traded down 0.19% on Friday, hitting $105.28. 4,934,066 shares of the stock were exchanged. PepsiCo Inc. has a 52-week low of $91.45 and a 52-week high of $110.94. The company has a 50-day moving average price of $107.79 and a 200-day moving average price of $104.53. The firm has a market cap of $151.51 billion, a PE ratio of 29.75 and a beta of 0.48.

PepsiCo (NYSE:PEP) last released its earnings results on Thursday, July 7th. The company reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.05. The company had revenue of $15.40 billion for the quarter. PepsiCo had a return on equity of 54.91% and a net margin of 8.34%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.32 earnings per share. On average, equities research analysts anticipate that PepsiCo Inc. will post $4.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be paid a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Wednesday, August 31st. PepsiCo’s payout ratio is 84.79%.

A number of analysts have recently commented on the stock. Vetr lowered shares of PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 price objective on the stock. in a research report on Wednesday, June 29th. BMO Capital Markets reaffirmed an “outperform” rating on shares of PepsiCo in a research report on Friday, July 15th. Argus upped their price target on shares of PepsiCo from $116.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, July 13th. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a research report on Tuesday, June 21st. Finally, Jefferies Group reaffirmed a “buy” rating and set a $124.00 price target (up from $119.00) on shares of PepsiCo in a research report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. PepsiCo has a consensus rating of “Buy” and an average target price of $110.96.

In other news, EVP Mehmood Khan sold 51,137 shares of PepsiCo stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $107.30, for a total transaction of $5,487,000.10. Following the sale, the executive vice president now directly owns 164,464 shares in the company, valued at approximately $17,646,987.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Laxman Narasimhan sold 3,219 shares of PepsiCo stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $109.11, for a total value of $351,225.09. Following the sale, the chief executive officer now owns 97,057 shares in the company, valued at $10,589,889.27. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

About PepsiCo

PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

5 Day Chart for NYSE:PEP

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo Inc. (NYSE:PEP).

Receive News & Ratings for PepsiCo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.