PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 8.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 158,131 shares of the company’s stock after buying an additional 12,290 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in PepsiCo were worth $24,045,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Alta Capital Management LLC lifted its holdings in shares of PepsiCo by 12.2% in the 4th quarter. Alta Capital Management LLC now owns 19,517 shares of the company’s stock worth $2,968,000 after purchasing an additional 2,122 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of PepsiCo by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock valued at $3,834,504,000 after acquiring an additional 3,856,193 shares during the period. Gryphon Financial Partners LLC grew its position in shares of PepsiCo by 5.9% during the fourth quarter. Gryphon Financial Partners LLC now owns 9,461 shares of the company’s stock worth $1,439,000 after acquiring an additional 523 shares during the last quarter. Kelly Financial Group LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth about $380,000. Finally, Auxano Advisors LLC lifted its position in PepsiCo by 9.0% in the 4th quarter. Auxano Advisors LLC now owns 6,266 shares of the company’s stock valued at $953,000 after purchasing an additional 516 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP opened at $155.99 on Tuesday. The business has a fifty day simple moving average of $148.68 and a 200-day simple moving average of $161.33. The firm has a market cap of $213.94 billion, a PE ratio of 22.44, a P/E/G ratio of 3.09 and a beta of 0.54. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

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

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

Analyst Upgrades and Downgrades

Several brokerages have commented on PEP. HSBC dropped their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Royal Bank of Canada initiated coverage on PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 target price on the stock. Barclays reduced their price target on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Citigroup lowered their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, 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 target price for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $171.47.

About PepsiCo

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.