Commerce Bank Has $160.42 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Commerce Bank reduced its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 943,342 shares of the company's stock after selling 6,705 shares during the quarter. PepsiCo makes up 1.0% of Commerce Bank's investment portfolio, making the stock its 15th largest holding. Commerce Bank owned 0.07% of PepsiCo worth $160,415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Global Wealth Strategies & Associates grew its stake in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock worth $27,000 after acquiring an additional 59 shares during the period. Highline Wealth Partners LLC purchased a new position in PepsiCo in the 3rd quarter worth approximately $28,000. POM Investment Strategies LLC increased its stake in PepsiCo by 141.3% in the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company's stock worth $30,000 after purchasing an additional 106 shares during the period. Summit Securities Group LLC bought a new stake in shares of PepsiCo in the 2nd quarter worth approximately $30,000. Finally, Mattson Financial Services LLC bought a new stake in shares of PepsiCo during the second quarter valued at approximately $34,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded up $1.97 during trading on Wednesday, reaching $158.69. The company had a trading volume of 2,335,798 shares, compared to its average volume of 5,471,313. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a fifty-two week low of $155.85 and a fifty-two week high of $183.41. The stock's fifty day moving average price is $170.00 and its 200 day moving average price is $171.24. The firm has a market capitalization of $217.72 billion, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. During the same quarter last year, the firm earned $2.25 EPS. PepsiCo's quarterly revenue was down .6% on a year-over-year basis. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.42%. PepsiCo's payout ratio is 79.94%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research reports. Redburn Atlantic upgraded PepsiCo to a "strong sell" rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on PepsiCo from $180.00 to $179.00 and set a "hold" rating for the company in a research note on Wednesday, October 9th. Barclays decreased their price objective on PepsiCo from $186.00 to $183.00 and set an "overweight" rating on the stock in a research report on Thursday, October 10th. Royal Bank of Canada reduced their price target on PepsiCo from $177.00 to $176.00 and set a "sector perform" rating on the stock in a report on Friday, October 4th. Finally, Hsbc Global Res raised PepsiCo to a "hold" rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, PepsiCo has a consensus rating of "Hold" and a consensus price target of $183.92.

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.