Country Club Bank Has $2.89 Million Stock Holdings in PepsiCo, Inc. $PEP

Country Club Bank lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,013 shares of the company’s stock after buying an additional 369 shares during the period. Country Club Bank’s holdings in PepsiCo were worth $2,885,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of PEP. Claris Advisors LLC MO boosted its stake in shares of PepsiCo by 14.1% in the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after purchasing an additional 308 shares in the last quarter. Foster Group Inc. boosted its position in PepsiCo by 4.6% in the second quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after buying an additional 229 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock worth $94,598,000 after buying an additional 21,859 shares during the last quarter. Ignite Planners LLC increased its holdings in shares of PepsiCo by 4.2% during the first quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after buying an additional 151 shares in the last quarter. Finally, Merit Financial Group LLC lifted its stake in shares of PepsiCo by 46.4% in the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock valued at $15,098,000 after acquiring an additional 36,239 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of recent research reports. Bank of America lowered their target price on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Wells Fargo & Company lowered their price objective on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. BNP Paribas Exane reduced their target price on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $158.13.

PepsiCo Trading Down 1.6%

NASDAQ:PEP opened at $139.70 on Tuesday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The firm’s fifty day moving average is $144.32 and its 200-day moving average is $139.30. The firm has a market cap of $191.26 billion, a P/E ratio of 25.45, a P/E/G ratio of 3.58 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

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

PepsiCo Announces Dividend

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

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.