Mawer Investment Management Ltd. Sells 27,356 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Mawer Investment Management Ltd. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 10.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 244,731 shares of the company's stock after selling 27,356 shares during the period. Mawer Investment Management Ltd.'s holdings in PepsiCo were worth $41,617,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PEP. Semus Wealth Partners LLC increased its position in PepsiCo by 5.1% during the third quarter. Semus Wealth Partners LLC now owns 1,849 shares of the company's stock worth $314,000 after buying an additional 90 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its holdings in shares of PepsiCo by 0.6% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 75,115 shares of the company's stock valued at $12,773,000 after acquiring an additional 481 shares during the last quarter. Capital City Trust Co. FL raised its stake in shares of PepsiCo by 20.3% in the 3rd quarter. Capital City Trust Co. FL now owns 2,383 shares of the company's stock valued at $405,000 after acquiring an additional 402 shares in the last quarter. Strengthening Families & Communities LLC boosted its position in PepsiCo by 5.9% during the third quarter. Strengthening Families & Communities LLC now owns 6,747 shares of the company's stock worth $1,147,000 after purchasing an additional 378 shares during the period. Finally, Holistic Financial Partners raised its position in shares of PepsiCo by 24.9% in the third quarter. Holistic Financial Partners now owns 2,315 shares of the company's stock valued at $394,000 after purchasing an additional 461 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on PEP shares. Hsbc Global Res upgraded shares of PepsiCo to a "hold" rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $180.00 to $179.00 and set a "hold" rating for the company in a research report on Wednesday, October 9th. Redburn Atlantic raised PepsiCo to a "strong sell" rating in a research report on Thursday, October 10th. Barclays reduced their price objective on PepsiCo from $186.00 to $183.00 and set an "overweight" rating for the company in a research report on Thursday, October 10th. Finally, Bank of America dropped their target price on shares of PepsiCo from $190.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $183.92.

PepsiCo Trading Down 0.2 %

PEP traded down $0.29 during mid-day trading on Monday, hitting $158.33. The stock had a trading volume of 6,960,243 shares, compared to its average volume of 5,472,910. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a 1-year low of $157.76 and a 1-year high of $183.41. The stock's fifty day simple moving average is $170.82 and its 200-day simple moving average is $171.50. The firm has a market capitalization of $217.23 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.01. The business had revenue of $23.32 billion for the quarter, compared to analysts' expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. PepsiCo's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.25 EPS. As a group, research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

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.