Jmac Enterprises LLC Has $1.70 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Jmac Enterprises LLC cut its position in PepsiCo, Inc. (NASDAQ:PEP) by 22.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,190 shares of the company’s stock after selling 3,333 shares during the quarter. Jmac Enterprises LLC’s holdings in PepsiCo were worth $1,702,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Highline Wealth Partners LLC acquired a new position in PepsiCo during the third quarter worth about $28,000. Collier Financial acquired a new position in PepsiCo during the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the 3rd quarter valued at approximately $31,000. Rakuten Securities Inc. boosted its position in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC bought a new stake in shares of PepsiCo during the fourth quarter worth $34,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.9 %

NASDAQ PEP opened at $145.64 on Wednesday. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70. The business has a 50 day simple moving average of $151.05 and a 200 day simple moving average of $163.87. The stock has a market capitalization of $199.75 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 EPS. Research analysts expect that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.72%. PepsiCo’s dividend payout ratio is presently 77.99%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citigroup cut their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada assumed coverage on PepsiCo in a report on Tuesday, February 4th. They set a $172.00 price target on the stock. TD Cowen dropped their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average price target of $171.47.

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.