PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,001 shares of the company's stock after selling 2,078 shares during the period. Nicolet Advisory Services LLC's holdings in PepsiCo were worth $5,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Howard Capital Management Group LLC lifted its position in PepsiCo by 2.0% in the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company's stock worth $777,000 after buying an additional 90 shares during the last quarter. Harmony Asset Management LLC bought a new stake in shares of PepsiCo in the 3rd quarter worth about $241,000. Janus Henderson Group PLC boosted its stake in shares of PepsiCo by 11.0% during the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company's stock worth $59,549,000 after purchasing an additional 34,633 shares during the period. IHT Wealth Management LLC raised its position in PepsiCo by 19.3% in the 3rd quarter. IHT Wealth Management LLC now owns 32,267 shares of the company's stock worth $5,493,000 after purchasing an additional 5,220 shares during the period. Finally, Morse Asset Management Inc bought a new stake in PepsiCo in the third quarter worth about $996,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Down 3.1 %

NASDAQ:PEP traded down $4.76 during midday trading on Friday, reaching $146.61. 12,910,000 shares of the stock traded hands, compared to its average volume of 5,937,201. The business has a 50-day moving average of $149.38 and a two-hundred day moving average of $157.42. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The stock has a market capitalization of $201.05 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

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PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share 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 firm had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. During the same quarter last year, the firm earned $1.78 EPS. The business's quarterly revenue was down .2% on a year-over-year basis. On average, equities analysts forecast 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 was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.70%. PepsiCo's dividend payout ratio is presently 77.99%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. HSBC reduced their price target on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft reduced their target price on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Barclays lowered shares of PepsiCo from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $168.00 to $156.00 in a report on Tuesday, March 18th. Finally, Piper Sandler initiated coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 target price on the stock. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of "Hold" and a consensus target price of $169.88.

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.