PepsiCo, Inc. (NASDAQ:PEP) Stake Lifted by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 157.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,805 shares of the company’s stock after acquiring an additional 23,122 shares during the period. PepsiCo makes up approximately 1.6% of Jackson Hole Capital Partners LLC’s investment portfolio, making the stock its 11th biggest position. Jackson Hole Capital Partners LLC’s holdings in PepsiCo were worth $6,421,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. LFA Lugano Financial Advisors SA boosted its holdings in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after buying an additional 70 shares in the last quarter. Life Planning Partners Inc bought a new stake in PepsiCo during the fourth quarter worth approximately $34,000. Naples Money Management LLC bought a new stake in PepsiCo during the fourth quarter worth approximately $36,000. Criterion Capital Advisors LLC bought a new stake in PepsiCo during the fourth quarter worth approximately $39,000. Finally, Avion Wealth boosted its holdings in PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after buying an additional 92 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

PEP traded down $0.73 during trading on Thursday, hitting $176.68. The stock had a trading volume of 7,436,495 shares, compared to its average volume of 5,872,530. The firm has a market cap of $242.85 billion, a PE ratio of 26.50, a P/E/G ratio of 2.69 and a beta of 0.53. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The company has a 50 day simple moving average of $169.04 and a 200-day simple moving average of $167.70.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. During the same quarter in the previous year, the firm posted $1.50 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. Analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.86%. PepsiCo’s payout ratio is 76.09%.

Analyst Ratings Changes

Several equities research analysts recently commented on PEP shares. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research report on Monday, March 18th. Wedbush restated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $187.42.

About PepsiCo

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.