Baldwin Wealth Partners LLC MA Sells 4,329 Shares of PepsiCo, Inc. $PEP

Key Points

• Baldwin Wealth Partners LLC MA reduced its stake in PepsiCo, Inc. by 2.6%, selling 4,329 shares and holding 163,743 shares thereafter, valued at $21.62 million.
• PepsiCo's quarterly earnings exceeded analysts' expectations, reporting $2.29 EPS and $23.94 billion in revenue, indicating a 2.7% increase in revenue year-over-year.
• The company declared a quarterly dividend of $1.4225 per share, reflecting a 3.9% dividend yield and a payout ratio of 103.64%.

Baldwin Wealth Partners LLC MA reduced its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 163,743 shares of the company's stock after selling 4,329 shares during the period. PepsiCo accounts for 1.5% of Baldwin Wealth Partners LLC MA's holdings, making the stock its 18th biggest holding. Baldwin Wealth Partners LLC MA's holdings in PepsiCo were worth $21,621,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Claris Advisors LLC MO increased its position in shares of PepsiCo by 14.1% during the second quarter. Claris Advisors LLC MO now owns 2,490 shares of the company's stock worth $329,000 after acquiring an additional 308 shares in the last quarter. Foster Group Inc. increased its position in shares of PepsiCo by 4.6% during the second quarter. Foster Group Inc. now owns 5,169 shares of the company's stock worth $683,000 after acquiring an additional 229 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after acquiring an additional 21,859 shares in the last quarter. Ignite Planners LLC increased its position in shares of PepsiCo by 4.2% during the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after acquiring an additional 151 shares in the last quarter. Finally, Merit Financial Group LLC grew its position in PepsiCo by 46.4% in the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company's stock worth $15,098,000 after purchasing an additional 36,239 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley upped their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. BNP Paribas Exane reduced their price objective on shares of PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research report on Monday. Finally, UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $158.13.

PepsiCo Stock Performance

Shares of PEP stock opened at $144.71 on Friday. The stock has a market capitalization of $198.12 billion, a P/E ratio of 26.36, a PEG ratio of 3.50 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The firm's 50 day moving average is $144.32 and its 200 day moving average is $139.29. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating analysts' consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion for the quarter, compared to analysts' expectations of $23.91 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, September 5th. PepsiCo's dividend payout ratio is presently 103.64%.

About PepsiCo

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.

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