Jacobs & Co. CA Sells 4,358 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Jacobs & Co. CA decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,535 shares of the company’s stock after selling 4,358 shares during the period. PepsiCo makes up about 1.6% of Jacobs & Co. CA’s portfolio, making the stock its 14th largest position. Jacobs & Co. CA’s holdings in PepsiCo were worth $13,620,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clear Investment Research LLC purchased a new position in PepsiCo in the fourth quarter valued at approximately $25,000. Freedom Wealth Alliance LLC purchased a new position in PepsiCo in the 4th quarter valued at approximately $29,000. Silicon Valley Capital Partners bought a new position in PepsiCo in the 4th quarter worth about $36,000. Carderock Capital Management Inc. bought a new position in PepsiCo in the 1st quarter valued at $36,000. Finally, Kepos Capital LP bought a new position in shares of PepsiCo in the fourth quarter worth $40,000. Institutional investors and hedge funds own 71.40% of the company’s stock.

PepsiCo Price Performance

NASDAQ PEP opened at $179.38 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.84 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a 52 week low of $160.98 and a 52 week high of $196.88. The firm has a market capitalization of $246.93 billion, a P/E ratio of 31.42, a PEG ratio of 2.95 and a beta of 0.54. The company has a 50-day moving average price of $182.67 and a 200-day moving average price of $184.61.

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

PepsiCo Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on PEP shares. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. Wedbush raised their target price on shares of PepsiCo from $200.00 to $206.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. Argus increased their price target on shares of PepsiCo from $206.00 to $212.00 in a report on Friday, July 14th. Evercore ISI boosted their price objective on shares of PepsiCo from $190.00 to $195.00 in a report on Friday, July 14th. Finally, Royal Bank of Canada boosted their price target on shares of PepsiCo from $178.00 to $180.00 in a research note on Friday, July 14th. One investment 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. According to MarketBeat, the stock currently has a consensus 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.