JB Capital LLC Has $11.22 Million Holdings in PepsiCo, Inc. $PEP

JB Capital LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,903 shares of the company’s stock after purchasing an additional 7,022 shares during the quarter. JB Capital LLC’s holdings in PepsiCo were worth $11,222,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Shum Financial Group Inc. bought a new stake in shares of PepsiCo during the third quarter valued at approximately $621,000. Sterling Investment Management LLC acquired a new stake in PepsiCo in the 3rd quarter valued at $2,960,000. Merit Financial Group LLC increased its stake in PepsiCo by 6.5% during the 3rd quarter. Merit Financial Group LLC now owns 121,795 shares of the company’s stock valued at $17,105,000 after purchasing an additional 7,451 shares in the last quarter. Moody Lynn & Lieberson LLC raised its holdings in PepsiCo by 23.7% during the third quarter. Moody Lynn & Lieberson LLC now owns 65,955 shares of the company’s stock worth $9,263,000 after buying an additional 12,658 shares during the last quarter. Finally, Marietta Wealth Management LLC lifted its stake in shares of PepsiCo by 4.2% in the third quarter. Marietta Wealth Management LLC now owns 62,027 shares of the company’s stock valued at $8,711,000 after buying an additional 2,499 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $144.16 on Wednesday. The stock has a fifty day moving average of $146.91 and a 200-day moving average 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. The stock 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, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $160.15.

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

PepsiCo Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Wells Fargo & Company raised their target price on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a report on Friday, October 10th. Evercore ISI raised their price objective on PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Citigroup upped their target price on shares of PepsiCo from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Finally, Rothschild & Co Redburn boosted their price target on shares of PepsiCo from $117.00 to $120.00 and gave the stock a “sell” rating in a report on Monday, December 15th. Eight research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $158.75.

PepsiCo 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.