Nicholson Wealth Management Group LLC Acquires Shares of 10,158 PepsiCo, Inc. (NASDAQ:PEP)

Nicholson Wealth Management Group LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,158 shares of the company’s stock, valued at approximately $1,727,000. PepsiCo makes up 1.4% of Nicholson Wealth Management Group LLC’s holdings, making the stock its 14th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brookstone Capital Management boosted its stake in PepsiCo by 12.3% in the first quarter. Brookstone Capital Management now owns 34,648 shares of the company’s stock valued at $6,064,000 after acquiring an additional 3,794 shares during the last quarter. Cypress Wealth Services LLC grew its stake in shares of PepsiCo by 37.3% during the first quarter. Cypress Wealth Services LLC now owns 2,572 shares of the company’s stock worth $450,000 after purchasing an additional 699 shares during the period. Hennessy Advisors Inc. bought a new stake in PepsiCo in the first quarter valued at about $5,495,000. Pinnacle Bancorp Inc. lifted its stake in PepsiCo by 2.1% in the first quarter. Pinnacle Bancorp Inc. now owns 7,366 shares of the company’s stock valued at $1,289,000 after buying an additional 150 shares during the period. Finally, Norwood Financial Corp grew its position in shares of PepsiCo by 9.9% during the 1st quarter. Norwood Financial Corp now owns 2,225 shares of the company’s stock worth $389,000 after buying an additional 200 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.5 %

PepsiCo stock opened at $172.16 on Friday. PepsiCo, Inc. has a 52 week low of $158.03 and a 52 week high of $183.41. The stock has a market capitalization of $236.68 billion, a P/E ratio of 24.99, a PEG ratio of 3.25 and a beta of 0.53. The stock has a 50-day simple moving average of $173.88 and a 200 day simple moving average of $172.23. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. The firm had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.25 earnings per share. Analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Barclays reduced their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research note on Friday, September 20th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Finally, StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average target price of $183.92.

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.