Community Bank N.A. Acquires 535 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Community Bank N.A. increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.9% in the fourth quarter, HoldingsChannel reports. The firm owned 62,736 shares of the company’s stock after buying an additional 535 shares during the period. PepsiCo makes up 1.2% of Community Bank N.A.’s portfolio, making the stock its 16th largest position. Community Bank N.A.’s holdings in PepsiCo were worth $9,540,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Collier Financial acquired a new stake in PepsiCo during the fourth quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the fourth quarter worth approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo during the third quarter worth approximately $31,000. Bay Harbor Wealth Management LLC acquired a new stake in PepsiCo during the fourth quarter worth approximately $34,000. Finally, Human Investing LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $39,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ PEP opened at $145.45 on Friday. The firm’s fifty day moving average price is $149.04 and its two-hundred day moving average price is $159.09. The stock has a market cap of $199.48 billion, a PE ratio of 20.93, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the previous year, the firm posted $1.78 earnings per share. The company’s revenue was down .2% on a year-over-year basis. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.73%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

Analyst Ratings Changes

PEP has been the subject of a number of analyst reports. Evercore ISI dropped their price target on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Barclays downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. Piper Sandler initiated coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target for the company. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Finally, Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $169.88.

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.