Nichols & Pratt Advisers LLP MA Sells 2,398 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Nichols & Pratt Advisers LLP MA lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 363,419 shares of the company’s stock after selling 2,398 shares during the period. PepsiCo comprises 4.4% of Nichols & Pratt Advisers LLP MA’s portfolio, making the stock its 7th largest holding. Nichols & Pratt Advisers LLP MA’s holdings in PepsiCo were worth $61,723,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PEP. International Assets Investment Management LLC lifted its position in PepsiCo by 9,623.6% in the 4th quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock valued at $519,381,000 after purchasing an additional 3,026,611 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of PepsiCo in the third quarter worth approximately $329,179,000. Flossbach Von Storch AG lifted its stake in PepsiCo by 121.4% in the fourth quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock valued at $463,259,000 after acquiring an additional 1,495,586 shares during the last quarter. California Public Employees Retirement System lifted its stake in PepsiCo by 17.9% in the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after acquiring an additional 1,470,064 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of PepsiCo by 68.0% in the fourth quarter. Mackenzie Financial Corp now owns 2,922,643 shares of the company’s stock valued at $496,382,000 after purchasing an additional 1,183,371 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of research reports. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. boosted their target price on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft boosted their target price on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Jefferies Financial Group boosted their target price on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Trading Up 0.8 %

Shares of NASDAQ:PEP traded up $1.42 during midday trading on Friday, reaching $179.48. 901,678 shares of the company’s stock were exchanged, compared to its average volume of 5,579,230. The stock has a market cap of $246.75 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 2.87 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The firm’s 50 day simple moving average is $170.96 and its two-hundred day simple moving average is $168.82.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. During the same period in the prior year, the firm posted $1.50 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, June 7th. PepsiCo’s dividend payout ratio is presently 81.50%.

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.