Nicolet Advisory Services LLC Decreases Stock Holdings in PepsiCo, Inc. $PEP

Nicolet Advisory Services LLC trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 17.7% in the 4th quarter, Holdings Channel reports. The firm owned 35,081 shares of the company’s stock after selling 7,565 shares during the period. Nicolet Advisory Services LLC’s holdings in PepsiCo were worth $4,959,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Fieldview Capital Management LLC increased its holdings in PepsiCo by 416.6% during the fourth quarter. Fieldview Capital Management LLC now owns 34,021 shares of the company’s stock valued at $4,883,000 after buying an additional 27,436 shares during the last quarter. Focus Partners Wealth increased its holdings in PepsiCo by 68.3% during the fourth quarter. Focus Partners Wealth now owns 1,960,580 shares of the company’s stock valued at $281,385,000 after buying an additional 795,421 shares during the last quarter. Graybill Wealth Management LTD. increased its holdings in PepsiCo by 11.4% during the fourth quarter. Graybill Wealth Management LTD. now owns 27,275 shares of the company’s stock valued at $3,914,000 after buying an additional 2,802 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in PepsiCo by 65.1% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,186,787 shares of the company’s stock valued at $170,328,000 after buying an additional 468,157 shares during the last quarter. Finally, Horizon Investment Services LLC increased its holdings in PepsiCo by 9.2% during the fourth quarter. Horizon Investment Services LLC now owns 1,679 shares of the company’s stock valued at $241,000 after buying an additional 142 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PEP. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a report on Wednesday, April 8th. Sanford C. Bernstein initiated coverage on shares of PepsiCo in a report on Thursday. They set a “market perform” rating and a $143.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their price target on shares of PepsiCo from $169.00 to $173.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Royal Bank Of Canada dropped their price target on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating for the company in a research report on Thursday, April 9th. Finally, Evercore upped their price target on shares of PepsiCo from $165.00 to $170.00 in a research report on Friday, April 17th. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average price target of $167.35.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo continues to expand its autonomous freight network with Gatik, a move that could improve logistics efficiency and help address staffing challenges in hard-to-serve routes. How PepsiCo’s Driverless Freight Rollout With Gatik (PEP) Has Changed Its Investment Story
• Positive Sentiment: The company also highlighted sustainability-focused farmer financing through Compeer Financial, which supports PepsiCo’s supply chain and long-term agricultural sourcing strategy. Compeer Financial Collaborates with PepsiCo to Provide Strip-Till Equipment Financing
• Neutral Sentiment: PepsiCo was included in a Q1 review of beverage, alcohol, and tobacco stocks, but the article was primarily a peer comparison and did not indicate a major new catalyst. Beverages, Alcohol, and Tobacco Stocks Q1 In Review: PepsiCo (NASDAQ:PEP) Vs Peers
• Neutral Sentiment: Analyst estimate changes were modest, with Erste Group trimming FY2027 EPS slightly to $9.14 from $9.15, suggesting limited impact on the outlook.
• Negative Sentiment: TD Cowen cut its price target on PepsiCo to $150 from $165 and kept a hold rating, signaling more cautious near-term sentiment on the stock. TD Cowen adjusts PepsiCo price target to 150 from 165
• Negative Sentiment: Piper Sandler also lowered its price target on PepsiCo to $178 from $181, reinforcing the view that analysts see only limited upside from here. Piper Sandler adjusts price target on PepsiCo to 178 from 181

PepsiCo Stock Performance

PEP opened at $144.27 on Friday. The stock has a market capitalization of $197.18 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 2.61 and a beta of 0.35. The company has a fifty day moving average of $151.11 and a 200 day moving average of $152.37. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $171.48. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.06. The company had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. PepsiCo’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company posted $1.48 earnings per share. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a dividend of $1.48 per share. The ex-dividend date of this dividend is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a yield of 4.1%. PepsiCo’s dividend payout ratio is 92.94%.

About PepsiCo

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.