Nicholson Meyer Capital Management Inc. Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

Nicholson Meyer Capital Management Inc. purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,944 shares of the company's stock, valued at approximately $291,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PEP. WealthTrak Capital Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $28,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PepsiCo during the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo in the fourth quarter worth about $31,000. Summit Securities Group LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at approximately $33,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of PepsiCo during the 4th quarter valued at approximately $38,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.8%

NASDAQ PEP traded up $1.00 during trading on Monday, reaching $132.04. 11,394,504 shares of the company's stock were exchanged, compared to its average volume of 6,987,951. The firm has a market capitalization of $181.04 billion, a PE ratio of 19.42, a P/E/G ratio of 3.77 and a beta of 0.46. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The company's fifty day simple moving average is $131.83 and its 200-day simple moving average is $142.82. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly 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 return on equity of 58.28% and a net margin of 10.24%. The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the company posted $1.61 earnings per share. The company's revenue was down 1.8% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.31%. PepsiCo's dividend payout ratio is 83.68%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PEP shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and lowered their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Morgan Stanley cut their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. UBS Group cut their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average target price of $159.75.

PepsiCo Company 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.