Nichols & Pratt Advisers LLP MA Sells 5,565 Shares of PepsiCo, Inc. (NASDAQ:PEP)

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Nichols & Pratt Advisers LLP MA reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 411,494 shares of the company’s stock after selling 5,565 shares during the period. PepsiCo makes up approximately 4.9% of Nichols & Pratt Advisers LLP MA’s portfolio, making the stock its 4th biggest position. Nichols & Pratt Advisers LLP MA’s holdings in PepsiCo were worth $57,106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Horst & Graben Wealth Management LLC lifted its holdings in PepsiCo by 1.1% during the 3rd quarter. Horst & Graben Wealth Management LLC now owns 6,305 shares of the company’s stock worth $874,000 after buying an additional 71 shares during the last quarter. Connecticut Wealth Management LLC boosted its holdings in PepsiCo by 2.3% in the third quarter. Connecticut Wealth Management LLC now owns 3,220 shares of the company’s stock valued at $446,000 after purchasing an additional 73 shares in the last quarter. Centric Wealth Management increased its stake in PepsiCo by 4.7% in the third quarter. Centric Wealth Management now owns 1,720 shares of the company’s stock valued at $230,000 after purchasing an additional 77 shares during the last quarter. Strategy Asset Managers LLC increased its stake in PepsiCo by 1.3% in the second quarter. Strategy Asset Managers LLC now owns 5,875 shares of the company’s stock valued at $777,000 after purchasing an additional 78 shares during the last quarter. Finally, MADDEN SECURITIES Corp raised its holdings in PepsiCo by 1.2% during the third quarter. MADDEN SECURITIES Corp now owns 6,404 shares of the company’s stock worth $888,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 70.16% of the company’s stock.

In other PepsiCo news, CEO Kirk Tanner sold 12,500 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $136.81, for a total value of $1,710,125.00. Following the completion of the transaction, the chief executive officer now owns 95,645 shares in the company, valued at $13,085,192.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

PepsiCo stock traded up $0.10 during trading hours on Friday, reaching $143.42. 3,469,179 shares of the stock were exchanged, compared to its average volume of 5,224,156. The stock has a market cap of $198.20 billion, a P/E ratio of 28.40, a P/E/G ratio of 3.90 and a beta of 0.57. The firm’s 50 day moving average is $139.58 and its 200 day moving average is $135.62. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.77 and a current ratio of 0.93. PepsiCo, Inc. has a 52-week low of $101.42 and a 52-week high of $147.20.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, October 1st. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.17. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. The firm had revenue of $18.09 billion during the quarter, compared to analysts’ expectations of $17.24 billion. During the same period in the prior year, the company posted $1.56 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts expect that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Friday, December 4th will be paid a $1.0225 dividend. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $4.09 dividend on an annualized basis and a dividend yield of 2.85%. PepsiCo’s dividend payout ratio (DPR) is presently 73.96%.

A number of research analysts recently commented on the stock. BidaskClub downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a research report on Saturday, November 7th. Truist lifted their target price on PepsiCo from $130.00 to $135.00 in a research report on Friday, October 2nd. Zacks Investment Research cut PepsiCo from a “hold” rating to a “sell” rating and set a $140.00 target price for the company. in a research report on Friday, September 18th. UBS Group lifted their price target on PepsiCo from $140.00 to $146.00 in a research report on Friday, October 2nd. Finally, Morgan Stanley boosted their price objective on PepsiCo from $155.00 to $158.00 and gave the company an “overweight” rating in a research note on Friday, October 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $144.13.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: FLNA, QFNA, PBNA, LatAm, Europe, AMESA, and APAC. It offers branded dips, cheese-flavored snacks, and tortillas, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; and dairy products.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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