Nicholas Hoffman & Company LLC. Grows Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

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Nicholas Hoffman & Company LLC. raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.9% in the first quarter, reports. The institutional investor owned 16,430 shares of the company’s stock after acquiring an additional 300 shares during the period. PepsiCo comprises about 0.7% of Nicholas Hoffman & Company LLC.’s investment portfolio, making the stock its 28th biggest position. Nicholas Hoffman & Company LLC.’s holdings in PepsiCo were worth $1,973,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AXA grew its position in shares of PepsiCo by 5.7% during the 4th quarter. AXA now owns 1,288,316 shares of the company’s stock valued at $176,074,000 after acquiring an additional 68,968 shares during the period. Orion Portfolio Solutions LLC acquired a new stake in shares of PepsiCo during the 4th quarter valued at about $1,290,000. Cetera Advisors LLC grew its position in shares of PepsiCo by 0.6% during the 4th quarter. Cetera Advisors LLC now owns 43,732 shares of the company’s stock valued at $5,981,000 after acquiring an additional 279 shares during the period. First American Bank boosted its holdings in PepsiCo by 1.6% in the 1st quarter. First American Bank now owns 326,139 shares of the company’s stock worth $39,169,000 after buying an additional 5,071 shares during the last quarter. Finally, Vestcor Investment Management Corp acquired a new stake in PepsiCo in the 4th quarter worth about $13,160,000. Institutional investors and hedge funds own 70.84% of the company’s stock.

Several equities research analysts recently issued reports on the company. Evercore ISI upgraded PepsiCo from an “in-line” rating to an “outperform” rating and set a $130.00 price objective on the stock in a report on Tuesday, March 17th. DZ Bank reiterated a “buy” rating and issued a $136.00 price objective on shares of PepsiCo in a report on Thursday, March 26th. Deutsche Bank lowered their price objective on PepsiCo from $145.00 to $143.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. Cowen lifted their price objective on PepsiCo from $135.00 to $156.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $153.00 price objective on shares of PepsiCo in a report on Tuesday, April 14th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. PepsiCo currently has a consensus rating of “Buy” and an average target price of $142.00.

Shares of PEP stock traded down $0.49 during trading on Friday, hitting $129.73. 1,675,424 shares of the stock traded hands, compared to its average volume of 6,144,055. The firm has a market capitalization of $182.12 billion, a P/E ratio of 25.21, a price-to-earnings-growth ratio of 5.02 and a beta of 0.60. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.10 and a quick ratio of 0.94. The firm’s fifty day moving average price is $132.22 and its 200-day moving average price is $134.83. PepsiCo, Inc. has a 52-week low of $101.42 and a 52-week high of $147.20.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.04. The firm had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.20 billion. PepsiCo had a net margin of 10.62% and a return on equity of 55.74%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 EPS. As a group, equities research analysts expect that PepsiCo, Inc. will post 5.32 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a dividend of $1.0225 per share. This represents a $4.09 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Thursday, June 4th. This is a positive change from PepsiCo’s previous quarterly dividend of $0.96. PepsiCo’s payout ratio is presently 69.08%.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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