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

Mawer Investment Management Ltd. lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 10.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 244,731 shares of the company’s stock after selling 27,356 shares during the quarter. Mawer Investment Management Ltd.’s holdings in PepsiCo were worth $41,617,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC boosted its holdings in PepsiCo by 9.2% during the third quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock worth $16,968,000 after purchasing an additional 8,406 shares during the last quarter. M&G Plc boosted its holdings in PepsiCo by 3.6% during the second quarter. M&G Plc now owns 426,269 shares of the company’s stock worth $70,334,000 after purchasing an additional 14,724 shares during the last quarter. Pinnacle Financial Partners Inc boosted its holdings in PepsiCo by 3.5% during the third quarter. Pinnacle Financial Partners Inc now owns 135,331 shares of the company’s stock worth $23,013,000 after purchasing an additional 4,547 shares during the last quarter. Fiduciary Family Office LLC lifted its stake in PepsiCo by 119.6% in the third quarter. Fiduciary Family Office LLC now owns 6,843 shares of the company’s stock valued at $1,164,000 after acquiring an additional 3,727 shares during the last quarter. Finally, Empower Advisory Group LLC lifted its stake in PepsiCo by 4.6% in the third quarter. Empower Advisory Group LLC now owns 378,902 shares of the company’s stock valued at $64,432,000 after acquiring an additional 16,523 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP traded down $0.22 during trading hours on Monday, reaching $158.40. 457,782 shares of the company’s stock traded hands, compared to its average volume of 5,443,617. The stock has a market cap of $217.32 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm’s 50 day simple moving average is $170.82 and its 200-day simple moving average is $171.50. PepsiCo, Inc. has a 12 month low of $157.88 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. The company had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. PepsiCo’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.25 EPS. Equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PEP shares. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research report on Friday, September 20th. Bank of America decreased their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Barclays reduced their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $183.92.

PepsiCo 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.