Nicolet Advisory Services LLC Grows Stake in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Nicolet Advisory Services LLC increased its stake in PepsiCo, Inc. by 4.9% in the first quarter, acquiring an additional 1,989 shares, bringing their total holdings to 42,990 shares valued at approximately $6.2 million.
• PepsiCo reported a quarterly EPS of $2.12, beating expectations, with revenues of $22.73 billion surpassing consensus estimates, indicating a 1.0% increase year-over-year.
• The company declared a quarterly dividend of $1.4225, reflecting a dividend yield of 4.1%, with a payout ratio currently at 103.64%.

Nicolet Advisory Services LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,990 shares of the company's stock after acquiring an additional 1,989 shares during the quarter. Nicolet Advisory Services LLC's holdings in PepsiCo were worth $6,197,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in PepsiCo by 19,106.5% during the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after purchasing an additional 4,564,723 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in PepsiCo by 106.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after purchasing an additional 1,809,391 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in PepsiCo during the 4th quarter valued at $221,297,000. Northern Trust Corp increased its position in PepsiCo by 8.7% during the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock worth $2,494,300,000 after buying an additional 1,306,818 shares during the period. Finally, APG Asset Management N.V. increased its position in PepsiCo by 292.9% during the 4th quarter. APG Asset Management N.V. now owns 1,559,081 shares of the company's stock worth $228,946,000 after buying an additional 1,162,315 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on PEP. Cowen reiterated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Bank of America lowered their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Wells Fargo & Company increased their price objective on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Citigroup raised their price target on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. decreased their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $158.73.

PepsiCo Trading Up 1.0%

NASDAQ PEP traded up $1.36 on Friday, hitting $139.28. The company's stock had a trading volume of 7,606,047 shares, compared to its average volume of 9,347,638. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The company's 50-day simple moving average is $134.63 and its 200 day simple moving average is $140.89. The firm has a market cap of $190.69 billion, a P/E ratio of 25.37, a PEG ratio of 3.67 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.28 EPS. Research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $1.4225 dividend. 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 dividend payout ratio (DPR) is presently 103.64%.

About PepsiCo

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.