Baldwin Investment Management LLC Reduces Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Baldwin Investment Management LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 13,499 shares of the company’s stock after selling 810 shares during the quarter. Baldwin Investment Management LLC’s holdings in PepsiCo were worth $2,296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PEP. Global Wealth Strategies & Associates grew its stake in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after acquiring an additional 59 shares during the period. Highline Wealth Partners LLC acquired a new stake in shares of PepsiCo during the third quarter worth $28,000. POM Investment Strategies LLC grew its position in shares of PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after purchasing an additional 106 shares during the period. Summit Securities Group LLC acquired a new position in PepsiCo in the second quarter valued at $30,000. Finally, Mattson Financial Services LLC acquired a new stake in PepsiCo in the 2nd quarter worth about $34,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

PepsiCo stock opened at $162.16 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The stock has a 50 day moving average of $168.43 and a 200-day moving average of $170.66. The stock has a market cap of $222.48 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 3.04 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $155.85 and a 52 week high of $183.41.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter last year, the business posted $2.25 EPS. PepsiCo’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be paid a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.34%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PEP shares. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a report on Friday, September 20th. Finally, Bank of America cut their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $183.92.

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.