JB Capital LLC Acquires 7,022 Shares of PepsiCo, Inc. $PEP

JB Capital LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,903 shares of the company’s stock after acquiring an additional 7,022 shares during the period. JB Capital LLC’s holdings in PepsiCo were worth $11,222,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after buying an additional 6,574 shares during the last quarter. Calton & Associates Inc. purchased a new stake in PepsiCo in the first quarter worth approximately $202,000. EP Wealth Advisors LLC raised its stake in PepsiCo by 2.9% during the 1st quarter. EP Wealth Advisors LLC now owns 361,823 shares of the company’s stock valued at $54,252,000 after buying an additional 10,200 shares during the last quarter. Chiron Capital Management LLC boosted its stake in shares of PepsiCo by 363.8% in the 1st quarter. Chiron Capital Management LLC now owns 6,948 shares of the company’s stock worth $1,042,000 after buying an additional 5,450 shares during the last quarter. Finally, Dark Forest Capital Management LP grew its holdings in shares of PepsiCo by 1,499.1% in the first quarter. Dark Forest Capital Management LP now owns 38,251 shares of the company’s stock worth $5,735,000 after acquiring an additional 35,859 shares during the period. 73.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

PEP has been the topic of several research reports. Jefferies Financial Group raised their target price on PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a research report on Tuesday, December 9th. JPMorgan Chase & Co. upgraded shares of PepsiCo from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $151.00 to $164.00 in a research report on Wednesday, December 10th. Barclays boosted their price objective on shares of PepsiCo from $142.00 to $144.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 10th. Royal Bank Of Canada decreased their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Finally, Loop Capital set a $164.00 price target on PepsiCo in a report on Thursday, October 23rd. Eight 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $158.75.

PepsiCo Trading Down 0.1%

PEP stock opened at $144.16 on Wednesday. The firm has a fifty day moving average price of $146.91 and a 200 day moving average price of $143.68. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $160.15. The firm has a market cap of $197.12 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 4.98 and a beta of 0.42.

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

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. PepsiCo’s dividend payout ratio (DPR) is 108.17%.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.