JLB & Associates Inc. Cuts Position in PepsiCo, Inc. (NASDAQ:PEP)

JLB & Associates Inc. reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,990 shares of the company’s stock after selling 1,564 shares during the quarter. PepsiCo makes up 1.5% of JLB & Associates Inc.’s holdings, making the stock its 28th largest position. JLB & Associates Inc.’s holdings in PepsiCo were worth $10,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in PEP. AMF Tjanstepension AB increased its position in shares of PepsiCo by 15.8% during the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after purchasing an additional 40,031 shares in the last quarter. Swedbank AB grew its stake in PepsiCo by 211.4% during the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after buying an additional 1,592,343 shares during the last quarter. Howard Capital Management Group LLC increased its position in PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after buying an additional 90 shares in the last quarter. Fulcrum Capital LLC raised its stake in PepsiCo by 0.4% in the third quarter. Fulcrum Capital LLC now owns 49,465 shares of the company’s stock valued at $8,412,000 after buying an additional 188 shares during the last quarter. Finally, McAdam LLC grew its stake in shares of PepsiCo by 21.0% during the third quarter. McAdam LLC now owns 2,061 shares of the company’s stock worth $351,000 after acquiring an additional 357 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock opened at $149.10 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock has a market cap of $204.49 billion, a P/E ratio of 21.45, a PEG ratio of 3.02 and a beta of 0.54. The company has a 50-day moving average price of $148.94 and a 200 day moving average price of $162.49. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.78 earnings per share. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.31 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

PEP has been the subject of several research analyst reports. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Barclays decreased their price target on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. BNP Paribas dropped their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. cut their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Finally, CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $171.47.

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.