PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Commerce Bank

Commerce Bank increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 967,799 shares of the company’s stock after acquiring an additional 322 shares during the period. PepsiCo makes up about 1.2% of Commerce Bank’s holdings, making the stock its 13th largest holding. Commerce Bank’s holdings in PepsiCo were worth $164,371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of PEP. LFA Lugano Financial Advisors SA boosted its stake in PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares during the period. Life Planning Partners Inc purchased a new position in shares of PepsiCo during the fourth quarter worth about $34,000. Naples Money Management LLC purchased a new stake in PepsiCo during the 4th quarter valued at approximately $36,000. Criterion Capital Advisors LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at approximately $39,000. Finally, Avion Wealth increased its holdings in shares of PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the topic of a number of analyst reports. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research report on Monday, March 18th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Barclays boosted their target price on PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Argus cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $187.58.

Insider Transactions at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the transaction, the chief executive officer now owns 53,953 shares in the company, valued at approximately $9,603,634. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.15% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $2.62 on Thursday, hitting $179.47. The company had a trading volume of 1,744,587 shares, compared to its average volume of 5,463,856. The company has a market cap of $246.73 billion, a PE ratio of 27.19, a PEG ratio of 2.95 and a beta of 0.52. The business has a 50 day moving average of $174.02 and a 200 day moving average of $170.00. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $192.38. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.17 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.02%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date is Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

PepsiCo Company 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.