Mizuho Securities USA LLC Increases Position in PepsiCo, Inc. (NASDAQ:PEP)

Mizuho Securities USA LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 682.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 829,500 shares of the company’s stock after purchasing an additional 723,504 shares during the period. PepsiCo comprises approximately 0.4% of Mizuho Securities USA LLC’s portfolio, making the stock its 29th largest holding. Mizuho Securities USA LLC’s holdings in PepsiCo were worth $141,056,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of PEP. Empowered Funds LLC increased its position in shares of 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 acquiring an additional 8,406 shares during the period. M&G Plc lifted its holdings in shares of PepsiCo by 3.6% in the 2nd quarter. M&G Plc now owns 426,269 shares of the company’s stock worth $70,334,000 after buying an additional 14,724 shares during the period. Pinnacle Financial Partners Inc lifted its stake in PepsiCo by 3.5% in the third quarter. Pinnacle Financial Partners Inc now owns 135,331 shares of the company’s stock worth $23,013,000 after acquiring an additional 4,547 shares during the period. Fiduciary Family Office LLC grew its holdings in PepsiCo by 119.6% during the 3rd quarter. Fiduciary Family Office LLC now owns 6,843 shares of the company’s stock worth $1,164,000 after acquiring an additional 3,727 shares in the last quarter. Finally, GFS Advisors LLC increased its position in PepsiCo by 13,209.4% during the 3rd quarter. GFS Advisors LLC now owns 72,270 shares of the company’s stock valued at $12,290,000 after purchasing an additional 71,727 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent research reports. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. Barclays decreased their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. TD Cowen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their target price for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. Finally, StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $183.92.

PepsiCo Stock Performance

Shares of PEP opened at $158.62 on Friday. The stock has a 50-day moving average of $170.82 and a two-hundred day moving average of $171.56. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The stock has a market cap of $217.63 billion, a P/E ratio of 23.40, a P/E/G ratio of 3.07 and a beta of 0.53. PepsiCo, Inc. has a one year low of $158.03 and a one year high of $183.41.

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