Jacobs & Co. CA Has $13.62 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Jacobs & Co. CA lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,535 shares of the company’s stock after selling 4,358 shares during the period. PepsiCo accounts for 1.6% of Jacobs & Co. CA’s holdings, making the stock its 14th biggest position. Jacobs & Co. CA’s holdings in PepsiCo were worth $13,620,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of PepsiCo by 34.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,128,044 shares of the company’s stock valued at $188,812,000 after purchasing an additional 286,169 shares during the period. AMI Investment Management Inc. lifted its stake in PepsiCo by 0.7% in the first quarter. AMI Investment Management Inc. now owns 16,627 shares of the company’s stock valued at $2,783,000 after buying an additional 113 shares during the period. Mather Group LLC. boosted its holdings in shares of PepsiCo by 29.3% during the 1st quarter. Mather Group LLC. now owns 5,562 shares of the company’s stock worth $931,000 after buying an additional 1,262 shares in the last quarter. Wsfs Capital Management LLC grew its position in shares of PepsiCo by 117.2% during the 1st quarter. Wsfs Capital Management LLC now owns 2,995 shares of the company’s stock worth $501,000 after buying an additional 1,616 shares during the period. Finally, Equitable Holdings Inc. increased its stake in shares of PepsiCo by 8.5% in the 1st quarter. Equitable Holdings Inc. now owns 26,909 shares of the company’s stock valued at $4,504,000 after acquiring an additional 2,116 shares in the last quarter. Institutional investors and hedge funds own 71.40% of the company’s stock.

PepsiCo Trading Down 0.3 %

NASDAQ:PEP opened at $179.38 on Tuesday. PepsiCo, Inc. has a 52 week low of $160.98 and a 52 week high of $196.88. The firm has a 50-day moving average price of $182.67 and a two-hundred day moving average price of $184.61. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.64 and a current ratio of 0.84. The firm has a market cap of $246.93 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 2.95 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 13th. The company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.13. PepsiCo had a return on equity of 56.05% and a net margin of 8.76%. The company had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $21.73 billion. During the same period last year, the business posted $1.86 earnings per share. PepsiCo’s revenue was up 10.4% on a year-over-year basis. On average, equities analysts expect that PepsiCo, Inc. will post 7.48 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Thursday, August 31st. PepsiCo’s dividend payout ratio (DPR) is 88.62%.

Analyst Ratings Changes

A number of research firms have commented on PEP. Evercore ISI raised their price target on shares of PepsiCo from $190.00 to $195.00 in a report on Friday, July 14th. Barclays reduced their target price on PepsiCo from $206.00 to $198.00 in a research note on Monday, July 10th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $210.00 price objective for the company. in a research note on Monday, July 17th. Finally, Wedbush lifted their price target on shares of PepsiCo from $200.00 to $206.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and an average price target of $192.00.

PepsiCo Profile

PepsiCo, Inc manufactures, markets, distributes, and sells 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.