Jackson Square Capital LLC Reduces Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Jackson Square Capital LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,680 shares of the company’s stock after selling 122 shares during the quarter. Jackson Square Capital LLC’s holdings in PepsiCo were worth $1,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HB Wealth Management LLC increased its position in PepsiCo by 1.6% during the fourth quarter. HB Wealth Management LLC now owns 102,047 shares of the company’s stock valued at $15,517,000 after acquiring an additional 1,617 shares during the last quarter. Financial & Tax Architects LLC raised its position in PepsiCo by 12.6% in the 4th quarter. Financial & Tax Architects LLC now owns 38,417 shares of the company’s stock worth $5,842,000 after purchasing an additional 4,309 shares during the period. Howard Financial Services LTD. lifted its stake in PepsiCo by 7.3% in the fourth quarter. Howard Financial Services LTD. now owns 17,247 shares of the company’s stock worth $2,623,000 after purchasing an additional 1,177 shares during the last quarter. Verity & Verity LLC grew its stake in shares of PepsiCo by 4.9% during the fourth quarter. Verity & Verity LLC now owns 64,412 shares of the company’s stock valued at $9,794,000 after buying an additional 3,028 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted its stake in shares of PepsiCo by 212.0% during the 4th quarter. Integrated Investment Consultants LLC now owns 12,101 shares of the company’s stock worth $1,840,000 after acquiring an additional 8,222 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 1.2 %

Shares of NASDAQ:PEP opened at $148.25 on Friday. The business’s 50-day moving average is $155.37 and its 200 day moving average is $165.83. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm has a market capitalization of $203.40 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.57 and a beta of 0.54.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Analyst Ratings Changes

PEP has been the subject of several research analyst reports. Wells Fargo & Company decreased their target price on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Barclays decreased their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. TD Cowen dropped their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $178.60.

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.