Nichols & Pratt Advisers LLP MA Has $52.55 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Nichols & Pratt Advisers LLP MA boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 350,517 shares of the company’s stock after purchasing an additional 253 shares during the quarter. PepsiCo comprises 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 $52,550,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of PepsiCo by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock valued at $20,280,471,000 after acquiring an additional 1,376,133 shares during the period. Geode Capital Management LLC boosted its position in shares of PepsiCo by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company’s stock valued at $4,717,069,000 after acquiring an additional 582,254 shares during the period. Norges Bank bought a new stake in shares of PepsiCo in the fourth quarter valued at approximately $2,729,565,000. Northern Trust Corp boosted its position in shares of PepsiCo by 8.7% in the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company’s stock valued at $2,494,300,000 after acquiring an additional 1,306,818 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of PepsiCo by 5.6% in the fourth quarter. Franklin Resources Inc. now owns 13,748,403 shares of the company’s stock valued at $2,090,582,000 after acquiring an additional 727,087 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $135.58 on Friday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. The firm has a market cap of $185.88 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 4.27 and a beta of 0.45. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The business has a fifty day moving average of $131.36 and a 200-day moving average of $142.40.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the business posted $1.61 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a $1.4225 dividend. The ex-dividend date was Friday, June 6th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.20%. PepsiCo’s dividend payout ratio (DPR) is 83.68%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PEP shares. Citigroup cut their target price on PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and cut their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Morgan Stanley cut their target price on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. UBS Group cut their target price on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. upped their target price on PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average target price of $159.75.

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.