PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Baxter Bros Inc.

Baxter Bros Inc. reduced its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,140 shares of the company's stock after selling 1,830 shares during the quarter. Baxter Bros Inc.'s holdings in PepsiCo were worth $2,910,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Collier Financial purchased a new position in PepsiCo in the fourth quarter worth about $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $30,000. Legacy Investment Solutions LLC purchased a new position in PepsiCo in the 3rd quarter worth approximately $31,000. Bay Harbor Wealth Management LLC purchased a new stake in PepsiCo during the 4th quarter valued at $34,000. Finally, Human Investing LLC bought a new stake in shares of PepsiCo in the 4th quarter worth $39,000. Institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. BNP Paribas dropped their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Morgan Stanley reduced their price target on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. CICC Research restated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. StockNews.com cut PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their price target for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average price target of $169.88.

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PepsiCo Stock Down 0.3 %

Shares of PepsiCo stock traded down $0.40 on Friday, reaching $149.27. The stock had a trading volume of 8,549,260 shares, compared to its average volume of 5,875,691. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $204.72 billion, a P/E ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52. The company has a 50 day moving average price of $149.25 and a 200 day moving average price of $158.03. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the prior year, the business posted $1.78 EPS. The business's revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 annualized dividend and a dividend yield of 3.63%. PepsiCo's dividend payout ratio (DPR) is currently 77.99%.

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.