Mizuho Securities USA LLC Has $15.15 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Mizuho Securities USA LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 16.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 89,069 shares of the company’s stock after selling 16,927 shares during the period. Mizuho Securities USA LLC’s holdings in PepsiCo were worth $15,146,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PEP. Edgestream Partners L.P. lifted its holdings in PepsiCo by 20.9% during the 1st quarter. Edgestream Partners L.P. now owns 4,605 shares of the company’s stock valued at $806,000 after purchasing an additional 796 shares during the last quarter. JT Stratford LLC lifted its holdings in PepsiCo by 18.7% during the 1st quarter. JT Stratford LLC now owns 6,201 shares of the company’s stock valued at $1,085,000 after purchasing an additional 979 shares during the last quarter. Guardian Capital LP increased its position in PepsiCo by 4.1% in the 1st quarter. Guardian Capital LP now owns 20,086 shares of the company’s stock valued at $3,515,000 after acquiring an additional 800 shares in the last quarter. Stonebridge Capital Advisors LLC increased its position in PepsiCo by 1.5% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 12,198 shares of the company’s stock valued at $2,135,000 after acquiring an additional 175 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in PepsiCo in the 1st quarter valued at about $911,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP opened at $158.74 on Thursday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a twelve month low of $155.85 and a twelve month high of $183.41. The firm’s 50 day moving average price is $169.66 and its two-hundred day moving average price is $171.16. The firm has a market cap of $217.79 billion, a P/E ratio of 23.41, a PEG ratio of 2.92 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same quarter in the previous year, the firm posted $2.25 earnings per share. The business’s revenue was down .6% on a year-over-year basis. On average, analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Friday, December 6th. PepsiCo’s dividend payout ratio is presently 79.94%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a research report on Friday, September 20th. Royal Bank of Canada lowered their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Finally, Barclays lowered their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $183.92.

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.