PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by JLB & Associates Inc.

JLB & Associates Inc. boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,166 shares of the company’s stock after acquiring an additional 176 shares during the quarter. PepsiCo accounts for 1.5% of JLB & Associates Inc.’s investment portfolio, making the stock its 28th biggest position. JLB & Associates Inc.’s holdings in PepsiCo were worth $10,821,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PEP. WealthTrak Capital Management LLC purchased a new position in PepsiCo in the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the 4th quarter valued at $30,000. Prudent Man Investment Management Inc. purchased a new stake in PepsiCo during the 4th quarter worth $30,000. Measured Risk Portfolios Inc. acquired a new position in PepsiCo in the 4th quarter worth $31,000. Finally, Summit Securities Group LLC acquired a new stake in shares of PepsiCo during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Morgan Stanley reduced their target price on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. upped their price objective on PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research note on Monday, April 21st. Evercore ISI set a $140.00 target price on PepsiCo in a research report on Thursday, April 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $163.00 price target on shares of PepsiCo in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $160.69.

PepsiCo Stock Up 0.4%

Shares of PepsiCo stock opened at $131.41 on Tuesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 1-year low of $127.75 and a 1-year high of $180.91. The business’s fifty day moving average price is $134.45 and its two-hundred day moving average price is $144.73. The company has a market capitalization of $180.17 billion, a P/E ratio of 18.91, a PEG ratio of 3.09 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.61 EPS. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.33%. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo’s dividend payout ratio is 83.68%.

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.