Nisa Investment Advisors LLC Has $59.15 Million Stake in PepsiCo, Inc. (PEP)

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Nisa Investment Advisors LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 535,408 shares of the company’s stock after buying an additional 3,140 shares during the period. Nisa Investment Advisors LLC’s holdings in PepsiCo were worth $59,152,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Highwater Wealth Management LLC bought a new position in shares of PepsiCo in the fourth quarter worth approximately $28,000. Sound Income Strategies LLC increased its position in shares of PepsiCo by 50.8% in the fourth quarter. Sound Income Strategies LLC now owns 597 shares of the company’s stock worth $66,000 after purchasing an additional 201 shares during the last quarter. Mainstay Capital Management LLC ADV increased its position in shares of PepsiCo by 10,787.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 10,887 shares of the company’s stock worth $100,000 after purchasing an additional 10,787 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in shares of PepsiCo by 351.5% in the third quarter. Prime Capital Investment Advisors LLC now owns 903 shares of the company’s stock worth $101,000 after purchasing an additional 703 shares during the last quarter. Finally, WealthTrust Arizona LLC increased its position in shares of PepsiCo by 268.7% in the third quarter. WealthTrust Arizona LLC now owns 1,106 shares of the company’s stock worth $124,000 after purchasing an additional 806 shares during the last quarter. Hedge funds and other institutional investors own 71.93% of the company’s stock.

Several brokerages have issued reports on PEP. BidaskClub lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Zacks Investment Research lowered PepsiCo from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. UBS Group began coverage on PepsiCo in a research note on Thursday, December 13th. They issued a “neutral” rating and a $123.00 target price for the company. Barclays reaffirmed a “hold” rating and issued a $111.00 target price (up previously from $104.00) on shares of PepsiCo in a research note on Monday, February 18th. Finally, Gabelli reaffirmed a “buy” rating on shares of PepsiCo in a research note on Tuesday, February 19th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $118.79.

In other news, CEO Vivek Sankaran sold 13,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $117.28, for a total transaction of $1,524,640.00. Following the completion of the sale, the chief executive officer now owns 90,379 shares of the company’s stock, valued at $10,599,649.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.27% of the company’s stock.

NASDAQ:PEP opened at $115.50 on Friday. The company has a market cap of $163.64 billion, a PE ratio of 20.41, a P/E/G ratio of 2.95 and a beta of 0.64. PepsiCo, Inc. has a fifty-two week low of $95.94 and a fifty-two week high of $122.00. The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 1.94.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Friday, February 15th. The company reported $1.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.49. The firm had revenue of $19.52 billion during the quarter, compared to analyst estimates of $19.52 billion. PepsiCo had a return on equity of 69.83% and a net margin of 19.35%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.31 earnings per share. Sell-side analysts anticipate that PepsiCo, Inc. will post 5.5 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Thursday, February 28th. PepsiCo’s dividend payout ratio (DPR) is presently 65.55%.

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About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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