Community Bank & Trust Waco Texas Cuts Stock Holdings in PepsiCo, Inc. $PEP

Community Bank & Trust Waco Texas trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,053 shares of the company’s stock after selling 1,214 shares during the quarter. PepsiCo makes up about 1.3% of Community Bank & Trust Waco Texas’ portfolio, making the stock its 25th biggest holding. Community Bank & Trust Waco Texas’ holdings in PepsiCo were worth $5,685,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PEP. Brighton Jones LLC increased its holdings in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Vantage Wealth increased its holdings in shares of PepsiCo by 13.7% during the 1st quarter. Vantage Wealth now owns 120,733 shares of the company’s stock valued at $18,103,000 after purchasing an additional 14,505 shares in the last quarter. Merit Financial Group LLC grew its stake in PepsiCo by 18.9% in the 1st quarter. Merit Financial Group LLC now owns 78,105 shares of the company’s stock valued at $11,711,000 after acquiring an additional 12,406 shares during the period. HBW Advisory Services LLC grew its stake in PepsiCo by 5.5% in the 1st quarter. HBW Advisory Services LLC now owns 25,072 shares of the company’s stock valued at $3,759,000 after acquiring an additional 1,297 shares during the period. Finally, InvesTrust grew its stake in PepsiCo by 1.1% in the 1st quarter. InvesTrust now owns 41,697 shares of the company’s stock valued at $6,252,000 after acquiring an additional 441 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 0.2%

Shares of PEP stock opened at $140.44 on Wednesday. The company’s 50-day moving average price is $144.49 and its 200-day moving average price is $139.54. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The stock has a market cap of $192.27 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 3.54 and a beta of 0.46. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the previous year, the firm earned $2.28 earnings per share. PepsiCo’s quarterly revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. PepsiCo’s dividend payout ratio is 103.64%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PEP shares. Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays lifted their price target on shares of PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 10th. Finally, Wells Fargo & Company dropped their target price on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and an average price target of $158.13.

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.