PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by JB Capital LLC

JB Capital LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,330 shares of the company’s stock after purchasing an additional 2,599 shares during the quarter. PepsiCo makes up approximately 0.6% of JB Capital LLC’s holdings, making the stock its 29th largest holding. JB Capital LLC’s holdings in PepsiCo were worth $10,259,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisory Alpha LLC grew its holdings in PepsiCo by 5.8% during the 1st quarter. Advisory Alpha LLC now owns 6,914 shares of the company’s stock worth $1,210,000 after acquiring an additional 381 shares in the last quarter. OLD Second National Bank of Aurora grew its stake in PepsiCo by 32.7% in the first quarter. OLD Second National Bank of Aurora now owns 23,308 shares of the company’s stock worth $4,079,000 after purchasing an additional 5,737 shares in the last quarter. Empirical Finance LLC increased its holdings in PepsiCo by 3.4% in the first quarter. Empirical Finance LLC now owns 49,761 shares of the company’s stock valued at $8,709,000 after buying an additional 1,648 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in PepsiCo by 25.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 137,773 shares of the company’s stock worth $24,112,000 after buying an additional 27,901 shares during the last quarter. Finally, Stokes Family Office LLC grew its position in shares of PepsiCo by 0.3% in the 1st quarter. Stokes Family Office LLC now owns 32,262 shares of the company’s stock worth $5,646,000 after acquiring an additional 85 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Down 0.3 %

Shares of PepsiCo stock traded down $0.56 during midday trading on Thursday, hitting $164.15. The company’s stock had a trading volume of 739,761 shares, compared to its average volume of 5,446,441. The firm has a market capitalization of $225.21 billion, a P/E ratio of 24.29, a PEG ratio of 3.10 and a beta of 0.53. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The stock has a 50-day simple moving average of $172.50 and a 200-day simple moving average of $172.11.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.01. The company had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.25 EPS. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays reduced their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Bank of America lowered their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Finally, Royal Bank of Canada cut their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $183.92.

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.