Mawer Investment Management Ltd. Sells 1,047,341 Shares of PepsiCo, Inc. (NASDAQ:PEP)


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Mawer Investment Management Ltd. decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 67.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 512,837 shares of the company’s stock after selling 1,047,341 shares during the quarter. Mawer Investment Management Ltd.’s holdings in PepsiCo were worth $76,031,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Princeton Global Asset Management LLC raised its stake in PepsiCo by 2.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 20,031 shares of the company’s stock worth $2,971,000 after buying an additional 565 shares in the last quarter. Marietta Wealth Management LLC raised its stake in PepsiCo by 3.6% in the fourth quarter. Marietta Wealth Management LLC now owns 29,993 shares of the company’s stock worth $4,448,000 after buying an additional 1,048 shares in the last quarter. Swedbank raised its stake in PepsiCo by 0.3% in the fourth quarter. Swedbank now owns 1,026,712 shares of the company’s stock worth $151,245,000 after buying an additional 3,143 shares in the last quarter. Blair William & Co. IL raised its stake in PepsiCo by 11.1% in the fourth quarter. Blair William & Co. IL now owns 483,294 shares of the company’s stock worth $71,672,000 after buying an additional 48,307 shares in the last quarter. Finally, OmniStar Financial Group Inc. raised its stake in PepsiCo by 21.4% in the fourth quarter. OmniStar Financial Group Inc. now owns 13,010 shares of the company’s stock worth $1,929,000 after buying an additional 2,293 shares in the last quarter. 69.94% of the stock is owned by institutional investors.

NASDAQ PEP traded up $0.03 during trading hours on Tuesday, hitting $132.02. 236,242 shares of the company’s stock traded hands, compared to its average volume of 4,864,003. PepsiCo, Inc. has a 52-week low of $101.42 and a 52-week high of $148.77. The company has a market capitalization of $182.14 billion, a PE ratio of 26.14, a PEG ratio of 3.63 and a beta of 0.57. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.93 and a quick ratio of 0.77. The firm’s 50-day moving average is $139.12 and its 200-day moving average is $139.92.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, February 11th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.02. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. Equities research analysts predict that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 31st. Investors of record on Friday, March 5th will be paid a dividend of $1.0225 per share. The ex-dividend date of this dividend is Thursday, March 4th. This represents a $4.09 annualized dividend and a yield of 3.10%. PepsiCo’s dividend payout ratio is presently 73.96%.

A number of equities analysts recently commented on PEP shares. Sanford C. Bernstein started coverage on shares of PepsiCo in a research note on Tuesday, January 19th. They issued an “underperform” rating and a $136.00 price objective for the company. Royal Bank of Canada lowered shares of PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price target on the stock. in a report on Monday, January 4th. They noted that the move was a valuation call. Wells Fargo & Company initiated coverage on shares of PepsiCo in a report on Monday, December 7th. They issued an “equal weight” rating and a $157.00 price target on the stock. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a report on Friday, February 12th. Finally, Barclays reaffirmed a “neutral” rating on shares of PepsiCo in a report on Sunday, February 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. PepsiCo has an average rating of “Buy” and an average price target of $144.78.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: FLNA, QFNA, PBNA, LatAm, Europe, AMESA, and APAC. It offers branded dips, cheese-flavored snacks, and tortillas, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; and dairy products.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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