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

Hohimer Wealth Management LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 21.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,018 shares of the company's stock after purchasing an additional 4,581 shares during the quarter. Hohimer Wealth Management LLC's holdings in PepsiCo were worth $3,901,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after buying an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of PepsiCo by 2.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after acquiring an additional 11,538 shares during the period. Proficio Capital Partners LLC raised its stake in shares of PepsiCo by 22.7% during the fourth quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company's stock valued at $677,000 after acquiring an additional 824 shares during the last quarter. Choate Investment Advisors boosted its holdings in shares of PepsiCo by 1.9% during the fourth quarter. Choate Investment Advisors now owns 142,176 shares of the company's stock worth $21,617,000 after purchasing an additional 2,639 shares during the period. Finally, one8zero8 LLC purchased a new position in PepsiCo during the 4th quarter valued at about $7,601,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PEP has been the subject of several research analyst reports. UBS Group dropped their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Morgan Stanley cut their price target on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Citigroup decreased their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a research note on Tuesday, June 24th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $158.19.

PepsiCo Stock Up 0.2%

Shares of PEP stock traded up $0.31 during trading hours on Monday, hitting $135.57. 8,477,672 shares of the company's stock traded hands, compared to its average volume of 8,400,400. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The stock's fifty day simple moving average is $131.49 and its two-hundred day simple moving average is $141.50. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91. The stock has a market cap of $185.88 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 4.23 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. On average, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.20%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo's dividend payout ratio is 83.68%.

PepsiCo Profile

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.