JB Capital LLC Purchases 3,193 Shares of PepsiCo, Inc. (NASDAQ:PEP)

JB Capital LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,523 shares of the company’s stock after purchasing an additional 3,193 shares during the period. JB Capital LLC’s holdings in PepsiCo were worth $9,659,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. AMF Tjanstepension AB raised its holdings in PepsiCo by 15.8% during the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after acquiring an additional 40,031 shares in the last quarter. Czech National Bank increased its position in shares of PepsiCo by 6.8% during the 3rd quarter. Czech National Bank now owns 279,811 shares of the company’s stock worth $47,582,000 after purchasing an additional 17,833 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of PepsiCo by 22.9% during the 3rd quarter. GAMMA Investing LLC now owns 25,124 shares of the company’s stock worth $4,272,000 after purchasing an additional 4,676 shares in the last quarter. Diversified Trust Co grew its stake in shares of PepsiCo by 3.9% in the third quarter. Diversified Trust Co now owns 77,895 shares of the company’s stock valued at $13,246,000 after buying an additional 2,950 shares in the last quarter. Finally, Smith Anglin Financial LLC increased its holdings in PepsiCo by 0.9% during the third quarter. Smith Anglin Financial LLC now owns 8,222 shares of the company’s stock worth $1,398,000 after buying an additional 70 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PEP shares. Piper Sandler began coverage on PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. UBS Group reduced their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. TD Cowen cut their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $176.73.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $150.69 on Monday. The stock has a market cap of $206.75 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 2.92 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company’s fifty day moving average is $153.12 and its 200 day moving average is $164.88.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio is currently 79.94%.

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.