Community Bank N.A. Buys 2,137 Shares of PepsiCo, Inc. $PEP

Community Bank N.A. boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,594 shares of the company’s stock after acquiring an additional 2,137 shares during the period. PepsiCo accounts for approximately 1.1% of Community Bank N.A.’s holdings, making the stock its 22nd biggest holding. Community Bank N.A.’s holdings in PepsiCo were worth $8,529,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PEP. Nuveen LLC bought a new stake in shares of PepsiCo during the first quarter valued at approximately $946,978,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of PepsiCo during the second quarter valued at approximately $460,110,000. Vanguard Group Inc. boosted its position in shares of PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock valued at $20,268,027,000 after purchasing an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock valued at $3,969,698,000 after purchasing an additional 1,258,198 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of PepsiCo by 14.3% during the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company’s stock valued at $1,393,846,000 after purchasing an additional 1,165,745 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Cowen reissued a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Morgan Stanley boosted their target price on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of PepsiCo in a report on Saturday, September 27th. Finally, UBS Group dropped their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Five investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $157.75.

PepsiCo Stock Down 0.8%

PEP stock opened at $148.89 on Tuesday. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The business has a fifty day moving average price of $144.72 and a 200-day moving average price of $139.18. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The stock has a market capitalization of $203.58 billion, a P/E ratio of 28.31, a P/E/G ratio of 3.75 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the previous year, the business earned $2.31 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio is 108.17%.

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.