Nicholson Meyer Capital Management Inc. Has $234,000 Position in PepsiCo, Inc. $PEP

Nicholson Meyer Capital Management Inc. reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,774 shares of the company’s stock after selling 170 shares during the quarter. Nicholson Meyer Capital Management Inc.’s holdings in PepsiCo were worth $234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Smith Anglin Financial LLC grew its position in shares of PepsiCo by 1.7% in the 2nd quarter. Smith Anglin Financial LLC now owns 7,859 shares of the company’s stock valued at $1,038,000 after purchasing an additional 128 shares during the period. Smith Chas P & Associates PA Cpas grew its position in shares of PepsiCo by 5.0% in the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 253,509 shares of the company’s stock valued at $33,473,000 after purchasing an additional 12,010 shares during the period. Baron Silver Stevens Financial Advisors LLC grew its position in shares of PepsiCo by 12.3% in the 2nd quarter. Baron Silver Stevens Financial Advisors LLC now owns 3,773 shares of the company’s stock valued at $498,000 after purchasing an additional 413 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in shares of PepsiCo by 24.3% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 7,182 shares of the company’s stock valued at $948,000 after purchasing an additional 1,403 shares during the period. Finally, GC Wealth Management RIA LLC grew its position in shares of PepsiCo by 109.8% in the 2nd quarter. GC Wealth Management RIA LLC now owns 36,666 shares of the company’s stock valued at $4,841,000 after purchasing an additional 19,191 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.2%

Shares of PepsiCo stock opened at $140.17 on Tuesday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The stock has a market cap of $191.90 billion, a P/E ratio of 25.53, a P/E/G ratio of 3.54 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The business’s 50 day moving average is $144.60 and its 200-day moving average is $139.53.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion for the quarter, compared to analysts’ expectations of $22.28 billion. During the same quarter in the prior year, the business posted $2.28 EPS. The business’s revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. PepsiCo’s payout ratio is presently 103.64%.

Analyst Upgrades and Downgrades

Several research firms have commented on PEP. UBS Group cut their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Royal Bank Of Canada cut their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. JPMorgan Chase & Co. cut their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 10th. Bank of America cut their target price on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. Finally, Wells Fargo & Company cut their target price on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $158.13.

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.