Jackson Hole Capital Partners LLC Purchases 23,122 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Jackson Hole Capital Partners LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 157.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,805 shares of the company’s stock after buying an additional 23,122 shares during the quarter. PepsiCo comprises about 1.6% of Jackson Hole Capital Partners LLC’s portfolio, making the stock its 11th largest position. Jackson Hole Capital Partners LLC’s holdings in PepsiCo were worth $6,421,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PEP. Amplius Wealth Advisors LLC grew its position in PepsiCo by 2.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after acquiring an additional 60 shares during the last quarter. Darwin Wealth Management LLC grew its position in PepsiCo by 2.7% during the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after acquiring an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC grew its position in PepsiCo by 2.6% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after acquiring an additional 61 shares during the last quarter. Beacon Financial Advisory LLC grew its position in PepsiCo by 3.1% during the third quarter. Beacon Financial Advisory LLC now owns 2,135 shares of the company’s stock valued at $362,000 after acquiring an additional 65 shares during the last quarter. Finally, Pathway Financial Advisors LLC grew its position in PepsiCo by 4.5% during the third quarter. Pathway Financial Advisors LLC now owns 1,506 shares of the company’s stock valued at $255,000 after acquiring an additional 65 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.4 %

PEP stock traded down $0.73 on Thursday, reaching $176.68. The company’s stock had a trading volume of 7,436,495 shares, compared to its average volume of 5,872,530. The business has a fifty day simple moving average of $169.04 and a two-hundred day simple moving average of $167.70. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The firm has a market cap of $242.85 billion, a PE ratio of 26.50, a PEG ratio of 2.69 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The company had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.50 earnings per share. As a group, research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.86%. PepsiCo’s dividend payout ratio (DPR) is 76.09%.

Wall Street Analyst Weigh In

PEP has been the topic of a number of recent research reports. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and increased their price target for the company from $180.00 to $195.00 in a research report on Monday, February 12th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a research note on Monday, February 12th. Barclays increased their price objective on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $187.42.

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.