Baldwin Investment Management LLC Cuts Stake in PepsiCo, Inc. (NASDAQ:PEP)

Baldwin Investment Management LLC cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 15.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,448 shares of the company's stock after selling 2,051 shares during the period. Baldwin Investment Management LLC's holdings in PepsiCo were worth $1,741,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Banque de Luxembourg S.A. acquired a new position in PepsiCo during the fourth quarter worth $394,000. Beverly Hills Private Wealth LLC increased its stake in shares of PepsiCo by 5.4% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 28,325 shares of the company's stock worth $4,307,000 after purchasing an additional 1,460 shares in the last quarter. Bearing Point Capital LLC acquired a new position in shares of PepsiCo during the 4th quarter worth about $213,000. BLI Banque de Luxembourg Investments purchased a new position in PepsiCo in the 4th quarter valued at about $73,849,000. Finally, BNP Paribas increased its stake in PepsiCo by 3.0% during the 4th quarter. BNP Paribas now owns 52,441 shares of the company's stock worth $7,962,000 after buying an additional 1,535 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on PEP shares. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and lowered their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Evercore ISI set a $140.00 target price on shares of PepsiCo in a report on Thursday, April 24th. Royal Bank of Canada reissued a "sector perform" rating and issued a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. BNP Paribas cut their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Finally, Wells Fargo & Company lowered their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $160.69.

PepsiCo Trading Down 1.3 %

PEP traded down $1.76 on Monday, hitting $131.99. The company had a trading volume of 8,967,952 shares, compared to its average volume of 6,235,703. The company's fifty day moving average price is $145.55 and its 200 day moving average price is $151.92. PepsiCo, Inc. has a 1 year low of $131.52 and a 1 year high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The firm has a market cap of $180.97 billion, a P/E ratio of 18.99, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results 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). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same period last year, the firm posted $1.61 earnings per share. PepsiCo's revenue was down 1.8% on a year-over-year basis. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 4.11%. PepsiCo's payout ratio is presently 79.71%.

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.