Baxter Bros Inc. Sells 1,830 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Baxter Bros Inc. decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,140 shares of the company’s stock after selling 1,830 shares during the period. Baxter Bros Inc.’s holdings in PepsiCo were worth $2,910,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in PEP. Collier Financial purchased a new position in PepsiCo in the 4th quarter worth about $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $30,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo during the third quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at approximately $34,000. Finally, Human Investing LLC bought a new position in PepsiCo in the fourth quarter worth approximately $39,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

NASDAQ PEP opened at $146.45 on Tuesday. The stock has a market capitalization of $200.86 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The stock has a 50-day moving average of $149.08 and a 200 day moving average of $158.73. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $1.78 earnings per share. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.70%. PepsiCo’s payout ratio is currently 77.99%.

Analyst Ratings Changes

A number of research firms have recently issued reports on PEP. Citigroup dropped their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and cut their price objective for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Morgan Stanley lowered their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. UBS Group reduced their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Barclays downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $168.00 to $156.00 in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $169.88.

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.