Nichols & Pratt Advisers LLP MA Has $53.26 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Nichols & Pratt Advisers LLP MA reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 350,264 shares of the company’s stock after selling 4,326 shares during the quarter. PepsiCo makes up 3.6% of Nichols & Pratt Advisers LLP MA’s portfolio, making the stock its 9th largest holding. Nichols & Pratt Advisers LLP MA’s holdings in PepsiCo were worth $53,261,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Collier Financial acquired a new stake in PepsiCo in the fourth quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the fourth quarter worth about $30,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo in the third quarter worth about $31,000. Rakuten Securities Inc. increased its position in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the period. Finally, Bay Harbor Wealth Management LLC acquired a new stake in PepsiCo in the fourth quarter worth about $34,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Up 1.0 %

Shares of PepsiCo stock opened at $153.47 on Friday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The stock has a market cap of $210.48 billion, a P/E ratio of 22.08, a P/E/G ratio of 3.09 and a beta of 0.54. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The business’s 50 day moving average is $148.59 and its 200-day moving average is $161.60.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 company had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the prior year, the business posted $1.78 EPS. The business’s revenue was down .2% compared to the same quarter last year. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is presently 77.99%.

Analyst Ratings Changes

Several research firms have recently issued reports on PEP. Citigroup decreased their target price on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Evercore ISI decreased their target price on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Barclays decreased their target price on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. UBS Group decreased their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, HSBC decreased their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.