Jag Capital Management LLC Raises Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Jag Capital Management LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,547 shares of the company’s stock after purchasing an additional 106 shares during the quarter. Jag Capital Management LLC’s holdings in PepsiCo were worth $3,124,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Swedbank AB grew its holdings in PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after acquiring an additional 1,592,343 shares during the period. Howard Capital Management Group LLC grew its holdings in PepsiCo by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after acquiring an additional 90 shares during the period. Clear Creek Financial Management LLC grew its holdings in PepsiCo by 4.5% during the third quarter. Clear Creek Financial Management LLC now owns 3,700 shares of the company’s stock worth $629,000 after acquiring an additional 161 shares during the period. Harbor Capital Advisors Inc. grew its holdings in PepsiCo by 0.5% during the third quarter. Harbor Capital Advisors Inc. now owns 19,119 shares of the company’s stock worth $3,251,000 after acquiring an additional 92 shares during the period. Finally, Lansing Street Advisors grew its holdings in PepsiCo by 6.7% during the third quarter. Lansing Street Advisors now owns 1,635 shares of the company’s stock worth $278,000 after acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PepsiCo stock opened at $155.99 on Tuesday. The stock’s 50-day moving average is $148.68 and its 200-day moving average is $161.33. The company has a market cap of $213.94 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54. 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 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business 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 of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.47%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

Analysts Set New Price Targets

Several analysts have weighed in on PEP shares. Barclays lowered their target price on PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Piper Sandler began coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective on the stock. Evercore ISI decreased their price objective on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, HSBC decreased their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $171.47.

PepsiCo 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.