PepsiCo, Inc. (NASDAQ:PEP) Holdings Lifted by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 48.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,120 shares of the company's stock after buying an additional 4,962 shares during the period. PepsiCo comprises 1.5% of Nicholson Wealth Management Group LLC's investment portfolio, making the stock its 8th biggest position. Nicholson Wealth Management Group LLC's holdings in PepsiCo were worth $2,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cross Staff Investments Inc increased its stake in shares of PepsiCo by 0.9% during the third quarter. Cross Staff Investments Inc now owns 7,080 shares of the company's stock worth $1,204,000 after purchasing an additional 60 shares in the last quarter. Paulson Wealth Management Inc. boosted its position in PepsiCo by 2.1% during the third quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company's stock worth $508,000 after acquiring an additional 60 shares during the last quarter. LCM Capital Management Inc boosted its position in PepsiCo by 0.8% during the third quarter. LCM Capital Management Inc now owns 7,573 shares of the company's stock worth $1,288,000 after acquiring an additional 62 shares during the last quarter. Demars Financial Group LLC boosted its position in PepsiCo by 1.1% during the third quarter. Demars Financial Group LLC now owns 5,721 shares of the company's stock worth $973,000 after acquiring an additional 62 shares during the last quarter. Finally, Sigma Investment Counselors Inc. boosted its position in PepsiCo by 1.6% during the third quarter. Sigma Investment Counselors Inc. now owns 4,310 shares of the company's stock worth $733,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 3.0 %

PEP traded up $4.40 during trading hours on Friday, hitting $153.50. 10,586,982 shares of the company's stock were exchanged, compared to its average volume of 6,999,466. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The firm has a 50 day moving average of $148.75 and a 200 day moving average of $162.39. The firm has a market cap of $210.53 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the prior year, the firm earned $1.78 EPS. The firm's revenue for the quarter was down .2% on a year-over-year basis. Analysts predict that PepsiCo, Inc. will post 8.31 EPS 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 paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's payout ratio is currently 77.99%.

Wall Street Analyst Weigh In

PEP has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. CICC Research restated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. StockNews.com lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Royal Bank of Canada began coverage on shares of PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 target price on the stock. Finally, Wells Fargo & Company decreased their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.