Hoge Financial Services LLC Buys 315 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Hoge Financial Services LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,557 shares of the company’s stock after purchasing an additional 315 shares during the period. PepsiCo accounts for 0.4% of Hoge Financial Services LLC’s investment portfolio, making the stock its 29th biggest holding. Hoge Financial Services LLC’s holdings in PepsiCo were worth $541,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of PEP. Sierra Ocean LLC bought a new stake in PepsiCo during the 4th quarter valued at $136,000. Opes Wealth Management LLC lifted its holdings in PepsiCo by 3.5% during the 4th quarter. Opes Wealth Management LLC now owns 2,825 shares of the company’s stock worth $430,000 after purchasing an additional 96 shares in the last quarter. Stanich Group LLC bought a new position in PepsiCo in the 4th quarter worth about $379,000. MOKAN Wealth Management Inc. bought a new stake in shares of PepsiCo during the fourth quarter valued at about $1,676,000. Finally, Blue Zone Wealth Advisors LLC lifted its holdings in shares of PepsiCo by 17.1% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 5,309 shares of the company’s stock worth $807,000 after buying an additional 774 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. HSBC decreased their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Morgan Stanley lowered their price objective on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada initiated coverage on PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price objective for the company. Evercore ISI lowered their price target on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Finally, Wells Fargo & Company dropped their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $171.47.

PepsiCo Trading Down 0.8 %

NASDAQ PEP opened at $143.39 on Monday. The stock has a 50-day moving average of $149.80 and a 200-day moving average of $163.13. The company has a current ratio of 0.82, a quick ratio of 0.70 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The firm has a market cap of $196.66 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.78%. PepsiCo’s dividend payout ratio is currently 77.99%.

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.