Mariner LLC Decreases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Mariner LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 926,656 shares of the company's stock after selling 26,528 shares during the period. Mariner LLC owned 0.07% of PepsiCo worth $140,905,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Collier Financial purchased a new position in PepsiCo during the fourth quarter worth about $28,000. WealthTrak Capital Management LLC purchased a new position in shares of PepsiCo during the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at approximately $30,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PepsiCo in the fourth quarter valued at approximately $30,000. Finally, Summit Securities Group LLC acquired a new position in PepsiCo during the fourth quarter worth $33,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on PEP shares. BNP Paribas decreased their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Evercore ISI lowered their target price on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. HSBC decreased their price target on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley dropped their price objective on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Finally, StockNews.com downgraded PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, PepsiCo presently has a consensus rating of "Hold" and an average price target of $168.12.

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PepsiCo Trading Down 2.7 %

PEP traded down $3.91 during trading on Tuesday, hitting $142.84. The company's stock had a trading volume of 5,455,357 shares, compared to its average volume of 6,086,747. PepsiCo, Inc. has a twelve month low of $138.33 and a twelve month high of $183.41. The stock has a market cap of $195.88 billion, a PE ratio of 20.55, a PEG ratio of 3.09 and a beta of 0.49. The firm's 50 day moving average price is $148.39 and its 200-day moving average price is $155.52. 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 (NASDAQ:PEP - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.78 earnings per share. On average, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's payout ratio is currently 77.99%.

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.