Commerzbank Aktiengesellschaft FI Decreases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Commerzbank Aktiengesellschaft FI decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 14.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,935 shares of the company’s stock after selling 22,196 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in PepsiCo were worth $20,382,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Norges Bank bought a new position in shares of PepsiCo during the fourth quarter worth $2,729,565,000. GAMMA Investing LLC increased its position in PepsiCo by 19,106.5% during the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company’s stock valued at $688,017,000 after purchasing an additional 4,564,723 shares during the period. Assenagon Asset Management S.A. grew its position in shares of PepsiCo by 106.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company’s stock worth $527,034,000 after buying an additional 1,809,391 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of PepsiCo in the 4th quarter worth approximately $221,297,000. Finally, Vanguard Group Inc. boosted its stake in PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock worth $20,280,471,000 after purchasing an additional 1,376,133 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

PEP has been the subject of several research reports. Bank of America decreased their price objective on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, July 11th. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research report on Thursday, April 24th. Morgan Stanley reiterated an “equal weight” rating on shares of PepsiCo in a research note on Thursday. Royal Bank Of Canada reissued a “sector perform” rating and issued a $148.00 target price on shares of PepsiCo in a report on Tuesday, June 24th. Finally, Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo currently has an average rating of “Hold” and an average target price of $158.00.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $135.35 on Thursday. The business’s 50 day moving average is $131.69 and its 200-day moving average is $141.29. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The firm has a market capitalization of $185.58 billion, a PE ratio of 19.90, a PEG ratio of 4.18 and a beta of 0.45. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.28 earnings per share. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.20%. PepsiCo’s dividend payout ratio is 83.68%.

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.