Bank of Jackson Hole Trust Invests $1.39 Million in PepsiCo, Inc. (NASDAQ:PEP)

Bank of Jackson Hole Trust bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,123 shares of the company's stock, valued at approximately $1,387,000. PepsiCo comprises 0.9% of Bank of Jackson Hole Trust's holdings, making the stock its 25th largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund raised its holdings in shares of PepsiCo by 0.8% in the 4th quarter. New York State Common Retirement Fund now owns 1,862,181 shares of the company's stock worth $283,163,000 after purchasing an additional 14,602 shares in the last quarter. Callahan Advisors LLC raised its holdings in shares of PepsiCo by 18.5% during the fourth quarter. Callahan Advisors LLC now owns 105,880 shares of the company's stock valued at $16,100,000 after acquiring an additional 16,548 shares during the period. Mcdonald Partners LLC boosted its stake in PepsiCo by 10.0% in the 4th quarter. Mcdonald Partners LLC now owns 18,795 shares of the company's stock worth $2,858,000 after purchasing an additional 1,704 shares during the period. Kentucky Retirement Systems Insurance Trust Fund grew its position in PepsiCo by 33.5% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 54,309 shares of the company's stock worth $8,258,000 after purchasing an additional 13,641 shares in the last quarter. Finally, Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the 4th quarter valued at $30,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PEP shares. JPMorgan Chase & Co. dropped their target price on PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Evercore ISI dropped their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Wells Fargo & Company decreased their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Piper Sandler assumed coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price target on the stock. Finally, StockNews.com cut PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $171.47.

PepsiCo Stock Performance

PEP stock traded up $4.40 during mid-day trading on Friday, hitting $153.50. 10,586,982 shares of the company were exchanged, compared to its average volume of 6,999,466. The business has a 50 day simple moving average of $148.75 and a 200-day simple moving average of $162.39. The stock has a market capitalization of $210.53 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. During the same quarter in the previous year, the company earned $1.78 EPS. The business's revenue was down .2% on a year-over-year basis. On average, equities analysts forecast that PepsiCo, Inc. will post 8.31 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.53%. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

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.