Community Bank N.A. Has $10.58 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Community Bank N.A. lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,201 shares of the company’s stock after purchasing an additional 785 shares during the quarter. PepsiCo accounts for 1.3% of Community Bank N.A.’s holdings, making the stock its 11th biggest holding. Community Bank N.A.’s holdings in PepsiCo were worth $10,577,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Global Wealth Strategies & Associates boosted its holdings in shares of PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Highline Wealth Partners LLC bought a new position in PepsiCo in the third quarter valued at about $28,000. POM Investment Strategies LLC raised its stake in PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after acquiring an additional 106 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $30,000. Finally, Mattson Financial Services LLC bought a new stake in shares of PepsiCo during the 2nd quarter valued at approximately $34,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.4 %

Shares of PEP stock opened at $163.45 on Monday. PepsiCo, Inc. has a 52-week low of $155.85 and a 52-week high of $183.41. The company has a 50-day simple moving average of $167.79 and a two-hundred day simple moving average of $170.30. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The company has a market capitalization of $224.25 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 3.05 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. The business had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. PepsiCo’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company posted $2.25 earnings per share. Research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo’s dividend payout ratio is 79.94%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PEP shares. Deutsche Bank Aktiengesellschaft cut their target price on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. reduced their price target on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average target price of $183.92.

PepsiCo Company 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.