Johnson Investment Counsel Inc. Purchases 23,361 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Johnson Investment Counsel Inc. increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 518,317 shares of the company's stock after purchasing an additional 23,361 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in PepsiCo were worth $77,716,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in PepsiCo during the fourth quarter worth about $2,729,565,000. GAMMA Investing LLC grew its holdings in shares of PepsiCo by 19,106.5% during the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after purchasing an additional 4,564,723 shares during the last quarter. Raymond James Financial Inc. acquired a new position in PepsiCo during the 4th quarter worth approximately $589,307,000. Charles Schwab Investment Management Inc. boosted its position in PepsiCo by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after buying an additional 3,856,193 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake 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 last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PEP shares. JPMorgan Chase & Co. increased their price target on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $163.00 target price on shares of PepsiCo in a research report on Tuesday, April 22nd. UBS Group reduced their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Citigroup dropped 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, Evercore ISI set a $140.00 target price on shares of PepsiCo in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus price target of $160.69.

PepsiCo Trading Down 0.2%

PEP traded down $0.22 during trading on Thursday, hitting $129.07. The company's stock had a trading volume of 8,782,676 shares, compared to its average volume of 6,735,400. The firm has a market capitalization of $176.97 billion, a P/E ratio of 18.98, a PEG ratio of 3.71 and a beta of 0.45. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. The stock's fifty day moving average price is $133.80 and its 200-day moving average price is $144.52. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13.

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

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.41%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

PepsiCo Company 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.