Mawer Investment Management Ltd. trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 99.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,461 shares of the company's stock after selling 243,270 shares during the quarter. Mawer Investment Management Ltd.'s holdings in PepsiCo were worth $222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. WealthTrak Capital Management LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at about $28,000. Collier Financial acquired a new position in PepsiCo during the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo in the third quarter valued at approximately $31,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $30,000. Finally, Summit Securities Group LLC acquired a new position in shares of PepsiCo during the fourth quarter worth approximately $33,000. Institutional investors own 73.07% of the company's stock.
Wall Street Analyst Weigh In
PEP has been the subject of a number of recent research reports. HSBC decreased their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. StockNews.com lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Morgan Stanley cut their price target 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. Deutsche Bank Aktiengesellschaft lowered their price objective on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and cut their target price for the company 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 issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, PepsiCo has an average rating of "Hold" and an average price target of $169.88.
Read Our Latest Stock Analysis on PepsiCo
PepsiCo Stock Performance
PEP stock traded down $1.12 during mid-day trading on Wednesday, hitting $148.55. The company had a trading volume of 2,353,314 shares, compared to its average volume of 5,883,691. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The stock's fifty day moving average price is $149.30 and its two-hundred day moving average price is $157.52. The firm has a market cap of $203.74 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted 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 business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the prior year, the business earned $1.78 earnings per share. PepsiCo's revenue for the quarter was down .2% on a year-over-year basis. On average, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.
PepsiCo Dividend Announcement
The company also recently disclosed 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 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is currently 77.99%.
PepsiCo Profile
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Free Report)
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.
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