Mar Vista Investment Partners LLC Decreases Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Mar Vista Investment Partners LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 148,027 shares of the company's stock after selling 5,097 shares during the period. Mar Vista Investment Partners LLC's holdings in PepsiCo were worth $22,509,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PEP. Vanguard Group Inc. grew its holdings in PepsiCo by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after purchasing an additional 1,376,133 shares during the last quarter. Geode Capital Management LLC grew its stake in PepsiCo by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after acquiring an additional 582,254 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after acquiring an additional 3,856,193 shares in the last quarter. Norges Bank acquired a new position in PepsiCo during the fourth quarter worth about $2,729,565,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of PepsiCo by 5.2% in the fourth quarter. Bank of New York Mellon Corp now owns 14,013,158 shares of the company's stock valued at $2,130,841,000 after purchasing an additional 689,383 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Trading Down 1.4 %

PepsiCo stock traded down $1.93 during midday trading on Friday, reaching $133.38. The stock had a trading volume of 11,537,466 shares, compared to its average volume of 6,145,924. The stock's 50-day simple moving average is $147.91 and its 200 day simple moving average is $154.18. PepsiCo, Inc. has a twelve month low of $131.83 and a twelve month high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a market capitalization of $182.91 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.52 by ($0.04). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's dividend payout ratio is presently 77.99%.

Analysts Set New Price Targets

Several research analysts recently issued reports on PEP shares. UBS Group cut their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday. Morgan Stanley cut their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday. JPMorgan Chase & Co. increased their price objective on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday. Barclays downgraded shares of PepsiCo from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $168.00 to $156.00 in a research note on Tuesday, March 18th. Finally, HSBC decreased their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $162.00.

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.