Bath Savings Trust Co Has $10.31 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Bath Savings Trust Co trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,783 shares of the company's stock after selling 3,000 shares during the period. PepsiCo makes up 1.1% of Bath Savings Trust Co's investment portfolio, making the stock its 29th largest holding. Bath Savings Trust Co's holdings in PepsiCo were worth $10,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ossiam grew its position in shares of PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after acquiring an additional 42,793 shares during the last quarter. OMERS ADMINISTRATION Corp grew its position in PepsiCo by 12.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after purchasing an additional 13,461 shares during the last quarter. Hutner Capital Management Inc. increased its stake in PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after purchasing an additional 6,865 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in shares of PepsiCo during the fourth quarter worth about $47,899,000. Finally, WCM Investment Management LLC increased its position in PepsiCo by 147.6% in the 4th quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock valued at $2,229,000 after acquiring an additional 8,759 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Down 0.2%

Shares of PEP stock traded down $0.30 during trading on Friday, hitting $131.62. 12,988,871 shares of the company were exchanged, compared to its average volume of 6,558,307. The business's 50-day simple moving average is $137.98 and its 200 day simple moving average is $147.27. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. The firm has a market capitalization of $180.46 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.61 earnings per share. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a $1.4225 dividend. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Barclays dropped their target price on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Morgan Stanley reduced their price target on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Wells Fargo & Company dropped their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Wall Street Zen cut PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, BNP Paribas lowered their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $160.69.

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.