Bank of Jackson Hole Trust Buys Shares of 9,123 PepsiCo, Inc. (NASDAQ:PEP)

Bank of Jackson Hole Trust bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,123 shares of the company’s stock, valued at approximately $1,387,000. PepsiCo makes up about 0.9% of Bank of Jackson Hole Trust’s portfolio, making the stock its 25th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC boosted its position in shares of PepsiCo by 9.2% in the 3rd quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock worth $16,968,000 after purchasing an additional 8,406 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of PepsiCo by 104.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company’s stock worth $259,350,000 after purchasing an additional 870,451 shares in the last quarter. Janus Henderson Group PLC lifted its position in PepsiCo by 11.0% during the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock worth $59,549,000 after acquiring an additional 34,633 shares during the period. Hudson Valley Investment Advisors Inc. ADV grew its stake in PepsiCo by 12.8% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock valued at $6,323,000 after purchasing an additional 4,712 shares during the last quarter. Finally, IHT Wealth Management LLC grew its stake in PepsiCo by 19.3% during the 3rd quarter. IHT Wealth Management LLC now owns 32,267 shares of the company’s stock valued at $5,493,000 after purchasing an additional 5,220 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research reports. Wells Fargo & Company cut their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. UBS Group reduced their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada began coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price target for the company. Morgan Stanley reduced their price target on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $171.47.

PepsiCo Price Performance

PepsiCo stock opened at $144.10 on Wednesday. The company’s fifty day moving average price is $149.48 and its 200 day moving average price is $162.84. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The stock has a market capitalization of $197.63 billion, a P/E ratio of 20.73, a P/E/G ratio of 2.95 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter last year, the company earned $1.78 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.76%. PepsiCo’s dividend payout ratio is currently 77.99%.

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.