Jacobs & Co. CA Grows Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Jacobs & Co. CA has increased its stake in PepsiCo, Inc. by 2.0%, owning 89,791 shares valued at approximately $11.86 million.
• PepsiCo's recent earnings report showed $2.12 earnings per share, surpassing estimates, with revenues of $22.73 billion for the quarter.
• The company declared a quarterly dividend of $1.4225, with a 4.0% dividend yield and a payout ratio of 103.64%.

Jacobs & Co. CA raised its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 89,791 shares of the company's stock after acquiring an additional 1,749 shares during the period. Jacobs & Co. CA's holdings in PepsiCo were worth $11,856,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. acquired a new stake in PepsiCo in the 1st quarter valued at approximately $25,000. Elite Financial Inc. acquired a new stake in PepsiCo in the 1st quarter valued at approximately $28,000. Sunbeam Capital Management LLC acquired a new stake in PepsiCo in the 4th quarter valued at approximately $47,000. MorganRosel Wealth Management LLC acquired a new stake in PepsiCo in the 1st quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PepsiCo in the 1st quarter valued at approximately $58,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

PEP traded down $2.89 on Monday, reaching $140.64. The company had a trading volume of 7,258,591 shares, compared to its average volume of 8,092,407. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.43. The stock has a market capitalization of $192.55 billion, a PE ratio of 25.62, a P/E/G ratio of 3.63 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The stock has a 50-day moving average price of $143.93 and a 200-day moving average price of $140.35.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the previous year, the company earned $2.28 earnings per share. PepsiCo's quarterly revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is 103.64%.

Analyst Ratings Changes

Several equities analysts have commented on PEP shares. Royal Bank Of Canada reissued a "sector perform" rating and issued a $146.00 price target on shares of PepsiCo in a research report on Wednesday, September 3rd. Barclays raised their price target on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. UBS Group decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $158.67.

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.