Mar Vista Investment Partners LLC Sells 5,097 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Mar Vista Investment Partners LLC lessened its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 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. Norges Bank purchased a new position in shares of PepsiCo in the 4th quarter valued at approximately $2,729,565,000. Raymond James Financial Inc. purchased a new position in PepsiCo in the 4th quarter valued at $589,307,000. Charles Schwab Investment Management Inc. raised its position 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 worth $3,834,504,000 after buying an additional 3,856,193 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of PepsiCo by 21.1% in the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock valued at $2,293,049,000 after acquiring an additional 2,264,445 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of PepsiCo by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after acquiring an additional 1,376,133 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Down 1.4 %

PEP traded down $1.93 during trading on Friday, reaching $133.38. The company had a trading volume of 11,537,466 shares, compared to its average volume of 6,145,927. The company has a market cap of $182.91 billion, a P/E ratio of 19.19, a PEG ratio of 3.09 and a beta of 0.49. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 12 month low of $131.80 and a 12 month high of $183.41. The business's fifty day moving average price is $147.70 and its 200 day moving average price is $153.92.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.04). The business had revenue of $17.92 billion for 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%. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PEP shares. Bank of America dropped their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday. Evercore ISI set a $140.00 price objective on PepsiCo in a report on Thursday. TD Cowen lowered their price target on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Citigroup dropped their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday. Finally, Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their price target for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $162.00.

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.