Jacobs & Co. CA Purchases 4,914 Shares of PepsiCo, Inc. $PEP

Jacobs & Co. CA lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 5.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,705 shares of the company’s stock after purchasing an additional 4,914 shares during the quarter. PepsiCo accounts for about 1.3% of Jacobs & Co. CA’s holdings, making the stock its 27th largest holding. Jacobs & Co. CA’s holdings in PepsiCo were worth $13,300,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PEP. JSF Financial LLC grew its holdings in PepsiCo by 3.8% in the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after acquiring an additional 69 shares during the last quarter. Binnacle Investments Inc boosted its position in shares of PepsiCo by 33.2% during the second quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock valued at $38,000 after purchasing an additional 71 shares in the last quarter. Dogwood Wealth Management LLC grew its stake in PepsiCo by 15.4% in the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after purchasing an additional 72 shares during the period. Weaver Consulting Group grew its holdings in PepsiCo by 2.9% in the second quarter. Weaver Consulting Group now owns 2,581 shares of the company’s stock worth $341,000 after purchasing an additional 72 shares during the period. Finally, Joel Isaacson & Co. LLC boosted its stake in PepsiCo by 0.5% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock worth $2,180,000 after purchasing an additional 74 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on PEP. BNP Paribas Exane reduced their price objective on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, October 6th. The Goldman Sachs Group lifted their target price on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Loop Capital set a $164.00 price objective on PepsiCo in a report on Thursday, October 23rd. DZ Bank raised PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a report on Tuesday, October 21st. Finally, Jefferies Financial Group raised their price objective on shares of PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a report on Tuesday, December 9th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $158.50.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $151.22 on Tuesday. The company has a market capitalization of $206.77 billion, a P/E ratio of 28.75, a P/E/G ratio of 5.20 and a beta of 0.42. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $160.15. The firm’s 50 day simple moving average is $147.53 and its two-hundred day simple moving average is $142.51. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same period last year, the firm earned $2.31 EPS. The company’s revenue was up 2.7% on a year-over-year basis. Research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, December 5th. PepsiCo’s dividend payout ratio (DPR) is 108.17%.

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.