JPL Wealth Management LLC Has $2.44 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

JPL Wealth Management LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,810 shares of the company’s stock after buying an additional 1,056 shares during the quarter. JPL Wealth Management LLC’s holdings in PepsiCo were worth $2,443,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its position in PepsiCo by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,001,928 shares of the company’s stock worth $3,227,287,000 after acquiring an additional 578,083 shares during the last quarter. Norges Bank acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $2,686,139,000. Franklin Resources Inc. raised its holdings in PepsiCo by 17.7% in the 4th quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock valued at $1,520,909,000 after buying an additional 1,345,065 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in PepsiCo by 15.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,421,163 shares of the company’s stock worth $1,430,250,000 after acquiring an additional 1,105,127 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in PepsiCo by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,644,059 shares of the company’s stock valued at $1,128,413,000 after acquiring an additional 375,963 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PEP stock traded up $0.79 during trading on Friday, hitting $172.88. The company’s stock had a trading volume of 8,677,312 shares, compared to its average volume of 4,770,495. The business has a fifty day moving average of $169.92 and a 200-day moving average of $170.81. The company has a market cap of $237.46 billion, a PE ratio of 25.09, a P/E/G ratio of 2.99 and a beta of 0.52. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $183.41. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The firm had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.59 billion. During the same period last year, the firm posted $2.09 EPS. The business’s revenue was up .8% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.14%. PepsiCo’s dividend payout ratio is presently 78.66%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Jefferies Financial Group decreased their price objective on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Morgan Stanley reduced their target price on PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. TD Cowen lowered their price target on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Royal Bank of Canada lowered their target price on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Finally, Bank of America cut their price target on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $185.53.

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.