Jacobs & Co. CA Purchases 4,856 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Jacobs & Co. CA lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,944 shares of the company’s stock after purchasing an additional 4,856 shares during the quarter. PepsiCo accounts for approximately 1.3% of Jacobs & Co. CA’s portfolio, making the stock its 22nd largest position. Jacobs & Co. CA’s holdings in PepsiCo were worth $13,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PEP. Global Wealth Strategies & Associates raised its position in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after buying an additional 59 shares in the last quarter. Highline Wealth Partners LLC purchased a new position in shares of PepsiCo in the 3rd quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo during the 3rd quarter valued at about $31,000. Mattson Financial Services LLC bought a new stake in shares of PepsiCo in the 2nd quarter worth approximately $34,000. Finally, Rakuten Securities Inc. boosted its stake in shares of PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Down 2.7 %

NASDAQ PEP traded down $4.02 during mid-day trading on Friday, reaching $142.52. The stock had a trading volume of 5,956,639 shares, compared to its average volume of 6,614,873. The stock has a market cap of $195.54 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54. The company has a fifty day moving average price of $157.81 and a 200 day moving average price of $166.68. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. 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 (NASDAQ:PEP) last issued its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping 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 business had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. During the same quarter in the previous year, the firm earned $2.25 EPS. PepsiCo’s revenue was down .6% on a year-over-year basis. On average, research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were issued a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.80%. PepsiCo’s payout ratio is 79.94%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PEP. Bank of America cut their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Royal Bank of Canada dropped their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Barclays cut their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Wells Fargo & Company decreased their price objective on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, TD Cowen reduced their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $180.64.

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.