Community Bank N.A. Boosts Position in PepsiCo, Inc. $PEP

by · The Cerbat Gem

Community Bank N.A. boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,594 shares of the company’s stock after acquiring an additional 2,137 shares during the quarter. PepsiCo accounts for 1.1% of Community Bank N.A.’s portfolio, making the stock its 22nd biggest holding. Community Bank N.A.’s holdings in PepsiCo were worth $8,529,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PEP. Nova Wealth Management Inc. bought a new stake in PepsiCo during the first quarter valued at about $25,000. Elite Financial Inc. bought a new stake in PepsiCo during the first quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new stake in PepsiCo during the second quarter valued at about $29,000. RMG Wealth Management LLC bought a new stake in PepsiCo during the second quarter valued at about $45,000. Finally, Investment Research & Advisory Group Inc. grew its holdings in PepsiCo by 263.6% during 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 period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on PEP shares. Evercore ISI boosted their price target on PepsiCo from $150.00 to $152.00 in a report on Friday. HSBC upped their price objective on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research note on Friday. Wells Fargo & Company upped their price objective on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research note on Friday. Jefferies Financial Group upped their price objective on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Piper Sandler upped their price objective on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $157.75.

Check Out Our Latest Research Report on PepsiCo

PepsiCo Price Performance

Shares of PepsiCo stock opened at $148.89 on Tuesday. The stock has a 50 day moving average of $144.72 and a 200 day moving average of $139.18. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The firm has a market cap of $203.58 billion, a PE ratio of 28.31, a PEG ratio of 3.75 and a beta of 0.46. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP – Get Free Report) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same period in the prior year, the company earned $2.31 earnings per share. The firm’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. On average, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 3.8%. PepsiCo’s dividend payout ratio is presently 108.17%.

About PepsiCo

(Free Report)

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.

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