Jacobs & Co. CA Has $13.22 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Jacobs & Co. CA increased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,944 shares of the company's stock after purchasing an additional 4,856 shares during the quarter. PepsiCo makes up 1.3% of Jacobs & Co. CA's portfolio, making the stock its 22nd largest holding. Jacobs & Co. CA's holdings in PepsiCo were worth $13,220,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PEP. State Street Corp raised its stake in PepsiCo by 5.1% during the third quarter. State Street Corp now owns 57,268,030 shares of the company's stock worth $9,738,429,000 after acquiring an additional 2,775,679 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of PepsiCo by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 30,497,268 shares of the company's stock worth $5,170,529,000 after acquiring an additional 543,558 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in PepsiCo by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,360,850 shares of the company's stock valued at $3,632,413,000 after purchasing an additional 1,125,059 shares in the last quarter. Legal & General Group Plc raised its position in PepsiCo by 7.2% in the 2nd quarter. Legal & General Group Plc now owns 13,547,547 shares of the company's stock valued at $2,234,400,000 after purchasing an additional 905,468 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in PepsiCo by 21.1% in the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock worth $2,293,049,000 after purchasing an additional 2,264,445 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PEP shares. Hsbc Global Res raised PepsiCo to a "hold" rating in a report on Thursday, October 10th. StockNews.com upgraded shares of PepsiCo from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. Wells Fargo & Company lowered their price target on shares of PepsiCo from $170.00 to $155.00 and set an "equal weight" rating for the company in a report on Tuesday. Bank of America decreased their price objective on PepsiCo from $190.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, September 30th. Finally, TD Cowen dropped their target price on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $180.64.

PepsiCo Trading Down 2.7 %

NASDAQ:PEP traded down $3.90 during trading hours on Friday, hitting $142.64. The stock had a trading volume of 9,628,047 shares, compared to its average volume of 7,259,143. The business's 50 day moving average is $157.35 and its 200-day moving average is $166.51. The company has a market cap of $195.70 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 2.94 and a beta of 0.54. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.01. The firm had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $2.25 earnings per share. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.80%. PepsiCo's payout ratio is 79.94%.

PepsiCo 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.