Commerzbank Aktiengesellschaft FI Has $48.78 Million Stock Holdings in PepsiCo, Inc. $PEP

Commerzbank Aktiengesellschaft FI increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 339,899 shares of the company’s stock after buying an additional 11,943 shares during the quarter. PepsiCo comprises approximately 1.0% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 27th largest holding. Commerzbank Aktiengesellschaft FI’s holdings in PepsiCo were worth $48,782,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. JCIC Asset Management Inc. acquired a new position in PepsiCo in the third quarter worth about $27,000. MH & Associates Securities Management Corp ADV acquired a new position in PepsiCo in the fourth quarter worth about $29,000. Imprint Wealth LLC acquired a new position in PepsiCo in the third quarter worth about $31,000. Strategic Advocates LLC acquired a new position in PepsiCo in the third quarter worth about $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in PepsiCo in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $149.12 on Friday. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $171.48. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. The firm’s 50-day moving average price is $155.25 and its two-hundred day moving average price is $152.42. The stock has a market capitalization of $203.81 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 2.72 and a beta of 0.38.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The business had revenue of $19.44 billion for the quarter, compared to analysts’ expectations of $18.89 billion. During the same period in the prior year, the firm earned $1.48 earnings per share. PepsiCo’s revenue was up 8.5% compared to the same quarter last year. On average, equities analysts predict that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo announced that its board has approved a stock buyback plan on Tuesday, February 3rd that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 4.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 4.0%. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, June 5th. PepsiCo’s payout ratio is currently 89.32%.

Analysts Set New Price Targets

Several research firms recently issued reports on PEP. Wells Fargo & Company increased their price target on shares of PepsiCo from $154.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Argus raised shares of PepsiCo to a “hold” rating in a research note on Tuesday, February 17th. Piper Sandler upped their price objective on shares of PepsiCo from $172.00 to $181.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Barclays upped their price objective on shares of PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Finally, Royal Bank Of Canada decreased their price objective on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 9th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus target price of $170.37.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.