Hohimer Wealth Management LLC Acquires 4,581 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Hohimer Wealth Management LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 21.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,018 shares of the company’s stock after acquiring an additional 4,581 shares during the quarter. Hohimer Wealth Management LLC’s holdings in PepsiCo were worth $3,901,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PEP. Norges Bank bought a new stake in shares of PepsiCo in the fourth quarter worth about $2,729,565,000. GAMMA Investing LLC boosted its position in shares of PepsiCo by 19,106.5% during the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company’s stock worth $688,017,000 after buying an additional 4,564,723 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of PepsiCo by 106.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company’s stock worth $527,034,000 after buying an additional 1,809,391 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of PepsiCo during the fourth quarter worth about $221,297,000. Finally, Vanguard Group Inc. boosted its position in shares of PepsiCo by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock worth $20,280,471,000 after buying an additional 1,376,133 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

PepsiCo stock opened at $135.26 on Monday. The stock’s fifty day moving average price is $131.49 and its two-hundred day moving average price is $141.50. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The firm has a market cap of $185.45 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 4.23 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the business earned $1.61 EPS. PepsiCo’s revenue was down 1.8% on a year-over-year basis. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a $1.4225 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.21%. PepsiCo’s dividend payout ratio (DPR) is presently 83.68%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Barclays reduced their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Citigroup reduced their price target on PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Bank of America reduced their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Dbs Bank cut PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $158.19.

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.