The Nichols Asset Management LLC reached $727,000 position of PepsiCo Inc. (PEP)

The Nichols Asset Management LLC reached $727,000 position  of PepsiCo Inc. (PEP)

Nichols Asset Management LLC held its stake in PepsiCo Inc. (NYSE:PEP) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,865 shares of the company’s stock at the end of the second quarter. PepsiCo makes up 1.5% of Nichols Asset Management LLC’s holdings, making the stock its 19th largest position. Nichols Asset Management LLC’s holdings in PepsiCo were worth $727,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Piershale Financial Group Inc. increased its stake in PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock valued at $106,000 after buying an additional 4 shares during the last quarter. Palisade Capital Management LLC NJ increased its stake in PepsiCo by 0.3% in the first quarter. Palisade Capital Management LLC NJ now owns 3,251 shares of the company’s stock valued at $333,000 after buying an additional 11 shares during the last quarter. Ronna Sue Cohen increased its stake in PepsiCo by 0.3% in the first quarter. Ronna Sue Cohen now owns 7,199 shares of the company’s stock valued at $738,000 after buying an additional 23 shares during the last quarter. Dynamic Advisors Solutions LLC increased its stake in PepsiCo by 0.6% in the first quarter. Dynamic Advisors Solutions LLC now owns 4,548 shares of the company’s stock valued at $466,000 after buying an additional 26 shares during the last quarter. Finally, NewSquare Capital LLC increased its stake in PepsiCo by 1.8% in the second quarter. NewSquare Capital LLC now owns 1,578 shares of the company’s stock valued at $167,000 after buying an additional 28 shares during the last quarter. Institutional investors and hedge funds own 70.06% of the company’s stock.

Shares of PepsiCo Inc. (NYSE:PEP) traded up 0.44% on Friday, hitting $106.39. The stock had a trading volume of 703,606 shares. PepsiCo Inc. has a one year low of $93.25 and a one year high of $110.94. The firm’s 50-day moving average is $106.72 and its 200-day moving average is $105.43. The company has a market cap of $152.58 billion, a price-to-earnings ratio of 23.34 and a beta of 0.46.

PepsiCo (NYSE:PEP) last posted its quarterly earnings results on Thursday, September 29th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.32 by $0.08. The business earned $16 billion during the quarter. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.35 earnings per share. On average, analysts expect that PepsiCo Inc. will post $4.79 EPS for the current fiscal year.

Several equities analysts have issued reports on the company. Deutsche Bank AG reiterated a “buy” rating and issued a $120.00 target price on shares of PepsiCo in a research note on Monday, October 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $121.00 target price on shares of PepsiCo in a research note on Friday, September 30th. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 target price (up previously from $116.00) on shares of PepsiCo in a research note on Friday, September 30th. Bank of America Corp. reiterated a “buy” rating and issued a $120.00 target price on shares of PepsiCo in a research note on Friday, September 30th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $122.00 target price on shares of PepsiCo in a research note on Friday, September 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $113.68.

In related news, EVP Mehmood Khan sold 51,137 shares of PepsiCo stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $107.30, for a total transaction of $5,487,000.10. Following the completion of the transaction, the executive vice president now directly owns 164,464 shares of the company’s stock, valued at $17,646,987.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.33% of the company’s stock.

About PepsiCo

PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

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