Jacobs & Co. CA Grows Stock Position in PepsiCo, Inc. (NASDAQ:PEP)


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Jacobs & Co. CA increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 92,861 shares of the company’s stock after buying an additional 8,428 shares during the quarter. PepsiCo comprises approximately 1.6% of Jacobs & Co. CA’s portfolio, making the stock its 20th largest position. Jacobs & Co. CA’s holdings in PepsiCo were worth $13,135,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PEP. Braun Stacey Associates Inc. raised its position in PepsiCo by 2.1% in the fourth quarter. Braun Stacey Associates Inc. now owns 136,187 shares of the company’s stock valued at $20,197,000 after purchasing an additional 2,747 shares during the period. O Shares Investment Advisers LLC raised its position in PepsiCo by 10.1% in the fourth quarter. O Shares Investment Advisers LLC now owns 94,351 shares of the company’s stock valued at $13,992,000 after purchasing an additional 8,688 shares during the period. Steel Peak Wealth Management LLC raised its position in PepsiCo by 102.6% in the fourth quarter. Steel Peak Wealth Management LLC now owns 8,936 shares of the company’s stock valued at $1,325,000 after purchasing an additional 4,525 shares during the period. Tompkins Financial Corp raised its position in PepsiCo by 5.6% in the fourth quarter. Tompkins Financial Corp now owns 47,445 shares of the company’s stock valued at $7,036,000 after purchasing an additional 2,505 shares during the period. Finally, Lowell Blake & Associates Inc. raised its position in PepsiCo by 3.2% in the fourth quarter. Lowell Blake & Associates Inc. now owns 31,053 shares of the company’s stock valued at $4,605,000 after purchasing an additional 962 shares during the period. 69.94% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on PEP shares. Barclays raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 target price on the stock in a research report on Monday, March 29th. Guggenheim restated a “buy” rating on shares of PepsiCo in a research note on Thursday, April 1st. Sanford C. Bernstein started coverage on shares of PepsiCo in a research note on Tuesday, January 19th. They issued an “underperform” rating and a $136.00 price target for the company. Deutsche Bank Aktiengesellschaft boosted their price target on shares of PepsiCo from $143.00 to $148.00 and gave the stock a “hold” rating in a research note on Wednesday, February 3rd. Finally, Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research note on Friday, February 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. PepsiCo presently has an average rating of “Buy” and a consensus price target of $147.40.

Shares of PEP stock traded up $0.02 on Thursday, reaching $143.43. 112,211 shares of the stock were exchanged, compared to its average volume of 5,734,998. The company has a current ratio of 0.93, a quick ratio of 0.77 and a debt-to-equity ratio of 2.79. The business’s 50 day moving average price is $135.33 and its 200 day moving average price is $139.57. The company has a market capitalization of $197.94 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 3.63 and a beta of 0.57. PepsiCo, Inc. has a twelve month low of $126.53 and a twelve month high of $148.77.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, February 11th. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.02. The firm had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22 billion. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. Equities research analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Friday, March 5th were given a $1.0225 dividend. The ex-dividend date was Thursday, March 4th. This represents a $4.09 dividend on an annualized basis and a yield of 2.85%. PepsiCo’s dividend payout ratio (DPR) is presently 73.96%.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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